Keys to Success in Multinational Companies

Scenario

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It is widely known that knowledge management systems are key to success in multinational companies. Imagine that you are vice president of a company that is ramping up to go global.

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Your task is to design a comprehensive best-practices policy list for managing existing knowledge and any new knowledge as it becomes available. The best-practices policy should include a task list that will help your company to handle unexpected events such as earthquakes, demonstrations, and bomb threats as well as mundane issues of conducting business in any country or countries into which you will be expanding. The policy list should also take any unique challenges that your company may face into account.

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Preparation

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Please choose one of the following industries for this assignment:

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  • Jewelry.
  • Apparel.
  • Chemicals.
  • Consumer electronics or electronic components.
  • Medical supplies or equipment.
  • Bins, totes, crates, material handling.
  • Food products.
  • Pharmaceuticals.
  • Children’s clothing, toys, and other products.

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Note: You may make all assumptions needed to complete this assignment.

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Instructions

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Write a 6–8 page paper in which you:

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  1. Design a comprehensive best-practices policy list that includes policies on the following:

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    • Sanitation (hand washing, toilet facilities, etc.).
    • Eating and drinking (at desks, on the company grounds, inside in the manufacturing area at designated locations, etc.).
    • Conflict resolution (mediation and/or arbitration with designated mediator on staff, etc.).
    • In-house team leadership and meeting management (e.g., minimum meeting times, scribes, appointed leaders).
    • Online team (24-hour coverage on phone due to time differences, etc.).
    • Security (e.g., leaving doors open, locks, key return policy for departing workers).
    • Emergency evacuation procedures.
  1. Determine the key benefits of creating such policies. Provide a rationale for your response.
  2. Speculate on the major ramifications if such policies are not created. Provide a rationale for your response.
  3. Predict the significant ways in which the best-practices policy that you created will contribute toward the long-term sustainability of the company. Provide a rationale for your response.
  4. Determine whether your best-practices policy would provide a competitive advantage over other international companies. Provide one example of a company’s best-practices policy to support your response.
  5. Use at least three quality academic resources in this assignment. Note: Wikipedia and other similar websites do not qualify as academic resources.

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This course requires the use of Strayer Writing Standards. For assistance and information, please refer to the Strayer Writing Standards link in the left-hand menu of your course. Check with your professor for any additional instructions.

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The specific course learning outcome associated with this assignment is:

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  • Design a comprehensive best-practices policy list that considers the benefits and impact of such policies on a given company
  • Part 2·
  • Suppose a sporting goods store sold treadmills, exercise bikes, and equipment service contracts over the past six months as shown in the table below.
    Equipment and Service Contract Sales
    Treadmill Exercise Bike
    Equipment Sales 185 123
    Service Contract Sales 67 55

    · The store can only sell a service contract on a new piece of equipment. Of the 185 treadmills sold, 67 included a service contract and 118 did not. · Respond to the following in a Word document and submit: 1. Construct a 95 percent confidence interval for the difference between the proportions of service contracts sold on treadmills versus exercise bikes. 2. Determine if there is or is not a major difference between the two pieces of equipment and provide a rationale for your response.

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