Walt-Disney World Internship Report - 7881 Words

Macau University of Science and Technology Faculty of International Tourism Internship Report â€Å"Dreams Come True† Exploration in Disney Student Name: Student Number: Internship Sponsor: Li, Danping 0609853G-B111-0073 The Walt Disney World Resort Internship Duration: Aug, 10th, 2008 ~ Jan, 16th, 2009 Submission Date: Apr, 30th, 2009 Brief Description of My Internship Fantastic memories of 169 days living in America, almost six months working in Walt Disney World offers an unforgettable experience in my personal life and has great influence in my future professional life. Transferred from an elegant cafà © in Grand Floridian Resort Spa to a crazy busy character buffet restaurant in Contemporary Resort provides me an†¦show more content†¦2 Thanks for Sponsors I would like to take this opportunity to express my great appreciation to Walt Disney World Resort for the support of International College Program. Thanks a lot for Disney’s Grand Floridian Resort Spa. Especially Mr. Norm Noble, the general manager, who always says â€Å"Good morning! How are you today?† and gives every cast member a handshaking, making everyone feel special and work as our vision and mission—We, a professional and gracious Cast, provide the finest personalized service in an elegant Victorian setting and create the grand difference. After the transfer to Disney’s Contemporary Resort, I feel like working in a big family. Especially every kind-hearted and humorous manager (they are Mr. Richard, Ms. Rebecca, Ms. Susan, Ms. Leajean and Ms. Elean) in Chef Mickey’s character buffet restaurant. I will never forget that the managers always ask me how I feel about my position. The welcome party, farewell party and birthday party that they hold for me will stay in my mind forever. They also try their best to solve my problems. When I want to work extra hours, they immediately arrange the schedule for me. Their forgiveness of my mistakes and patience of teaching me the working skills encourage me to greet every guest with high spirit. Thank you very much again for what you folks teach me, help me and encourage me. 3 Content Abstract 6 6 Key Words Chapter 1Show MoreRelatedCase Study : Disney Studios And Universal Studios1864 Words   |  8 Pageshands-on work, which is why I have narrowed my research to two companies, The Walt Disney Studios and Universal Studios. The Walt Disney Studios has been the foundation from which The Walt Disney Company was built. It markets on a global scale encompassing creativity in all of their sales networks. Universal’s theatrical slate includes films developed internally ,and outside firms distributed by the studio. 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Apple has reinvented the mobileRead MoreMarketing Mistakes and Successes175322 W ords   |  702 PagesTopics Topics Most Relevant Cases Marketing Research and Consumer Analysis Coca-Cola, Disney, McDonald’s, Google, Starbucks Product Starbucks, Nike, Coke/Pepsi, McDonald’s, Maytag, Dell, Hewlett-Packard, Newell Rubbermaid, DaimlerChrysler, Kmart/Sears, Harley-Davidson, Boeing/Airbus, Merck, Boston Beer, Firestone/Ford, Southwest, MetLife, Borden, United Way, Vanguard, Continental, Euro Disney Distribution Nike, Coke/Pepsi, Newell Rubbermaid, Harley-Davidson, Vanguard, StarbucksRead MoreWage and Salary Chapter 112487 Words   |  50 PagesObjectives Four Policies Pay Techniques Book Plan Caveat Emptor—Be an Informed Consumer 1. Does the Research Measure Anything Useful? 2. Does the Study Separate Correlation from Causation? 3. Are There Alternative Explanations? Your Turn: Glamorous Internships? or House Elves? 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The Manifestation of Pride in The Great Divorce by C.S....

The Manifestation of Pride in The Great Divorce by C.S. Lewis The Great Divorce by C.S. Lewis suggests that choices made on earth have a consequential effect towards our acceptance into heaven or our plummet into hell. In this book pride manifests itself in a hundred subtle ways as souls whine about perceived injustices or irrational motives. Thankfully, a few tourists do humble themselves, become transformed into marvelously real beings, and remain in heaven. But most dont, about which the great Scottish author George MacDonald, Lewis heavenly guide, says, â€Å"They may not be rejecting the truth of heaven now. They may be reenacting the rejection they made while on earth†. George MacDonald the narrator/teacher, from whom Lewis†¦show more content†¦Adoption has brought me through the hands of my birth mother to a mother who has now raised me for 16 years. Conversations with my birth mother result in dramatic feelings for her and for me, â€Å"tyranny of the past† (p.102). But, Lewis suggests in the book that the past is all she (the ghost) â€Å"chose to have† and that â€Å"it was the wrong way to deal with sorrow†. My birth mother could very well be the ghost as I was even an ‘accident’. As her memory of me is deceiving and still consuming her thoughts. This maternal or instinctual love is preventing my mother from moving on in her own life. A material mind set is a reality of many entrepreneurs and is well represented in this book through the man with the bowler hat, Ikey. This mans thoughts revolve around providing necessity, â€Å"But if I can come back with some real commodities†¦why, at once you’d get a demand down in our town† (p.13). For a real world entrepreneur, such as Ikey, it would be simple for thoughts to be consumed by opportunism. If thoughts are consumed by need, it leaves less time to reflect on choices and can cause Acedia (restlessness or despair). Lewis makes this point later in chapter six while referring to Ikey, â€Å"†¦still availing himself of every scrap of cover, he set out on his Via dolorosa to the bus, carrying his torture† (p.49). Ikey’s refusal to rest denies him an opportunity, which any entrepreneur would never give up, but in this instance hisShow MoreRelatedThe Great Divorce and The Divine Comedy3095 Words   |  13 PagesComedy has impacted is C .S. Lewis’s The Great Divorce. Lewis’s book is greatly indebted to Dante’s work, as both try to teach the reader how to achieve salvation. Furthermore, Lewis and Dante’s protagonists discover the path to salvation through choices, and learning what causes one’s refusal of God. Both authors explore the path to righteousness and enquire about life’s most difficult questions. Therefore, the dialogue between Dante’s Divine Comedy and C.S. Lewis’s The Great Divorce is witnessed through

Sustainable Redevelopment of the Riverside in the City of Antwerp Free Essays

string(151) " as a response to massive implosion therapy and so recommissioned in 2004, which requires that the metropolis be fortified to defy a 4,000-year storm\." Introduction TheH2O forepart has yielded touchable societal, recreational and environmental benefits therefore pulling the involvement of many ; powerful involvements have realized its political and economic position. The symbolic and economic significance of waterfronts has been reinforced where excess ports or renewal have provided big piece of lands of development land near to bing urban Centres, in some instances enabling major extensions to the nucleus. ( hypertext transfer protocol: //books. We will write a custom essay sample on Sustainable Redevelopment of the Riverside in the City of Antwerp or any similar topic only for you Order Now google.be/books? hl=nl A ; lr= A ; id=2ZZFAAAAQBAJ A ; oi=fnd A ; pg=PR1 A ; dq=the+water+front+of+antwerp A ; ots=lPY-qiuSUC amp ; sig=szihP7Z8ykMrvL-JzFIh1jX0nzM # v=onepage A ; q=the % 20water % 20front % 20of % 20antwerp A ; f=false ) Filip and lorquet explained Antwerp as one of those universe metropoliss deeply attached and connected to its river Scheldt ; get downing organize a little colonies in a curve of the river, and so progressively entwined with its river curves, turning in to a mediaeval metropolis. This ‘organic’ and self-generated relationship was based on the obvious advantages of propinquity to the H2O, but quickly gained economic complexness in the late center ages ( portus, eliandus ) The increasing of the economic activities accelerated by the industrial revolution in the 19Thursdaycentury required the use of many big ship, taking the natural flow of the river to be straightened to travel for Scheldt quays, as a solution in maintaining up with the economic advancement and scaling up of the ships between 1877 and 1884. ( ibid ) and ( van de put, 2007 ) . Straitening the Scheldt River and the subsequent building of the quays in Antwerp brought about a historical breach in the city’s relationship to the river. The organic and historical relationship the metropolis developed with the river by a developed system of canals, recesss and reimports got disconnected from the Scheldt. The quays became an independent ‘intermediate’ entity between the metropolis and the river: an extended rock and concrete organic structure ( fig. 1 ) The Scheldt quays became the scene of heavy port activities and were closed away from the interior metropolis by Fe fencings ( Nunes, 2011 ) img alt="C:UsersNebeyou AmbachewDesktopurban designpantareinbvba19273.jpg" src="https://s3-eu-west-1.amazonaws.com/aaimagestore/essays/1791322.001.png"/ Fgure 1 In the twentieth century the seaport activities once more underwent a scaling-up and moved downstream to the North of the metropolis. Antwerp became a moderate-sized metropolis with a universe seaport. The quays remained as a vacant, deserted and undetermined infinite, with the warehouses and railroad. Paths as informants of the former activities. The edifice of the hapless concrete inundation defence wall at 1.35m above the land degree confirmed the position of the quays as an stray no-man’s land ( van de put, 2007, P. ) . Harmonizing to the advancement study, The quays on the right bank of the Scheldt are a stretch of 7 kilometres long and 100 metres broad, from Petroleum South to the dry docks Island. The derelict port substructure today forms a barrier between the metropolis and the Scheldt. The renovation of one of the most of import public infinites in the metropolis of Antwerp is to convey back closer to the watercourse. ( 20140301 ) With the inundation of 1976, the quay wall was non high plenty to protect the metropolis from storm tide, and the current concrete dike wall was erected, Climate alteration is expected that the H2O degree will lift further in the hereafter. This may intend that, in storms, the tallness of the dike wall is no longer plenty to protect Antwerp sufficient, The dike must therefore higher [ I ] . Therefore, the chief and immediate ground for the planned renovation of the riverbank is to protect the metropolis of Antwerp against possible implosion therapy in the hereafter. For that beef uping the quay wall in the first topographic point and increasing the weir is necessary. The redevelopment of the quays is the biggest undertaking in the Flemish Sigma Plan in urban context. ( progress study ) Recently the challenge refering the metropolis – river relation has got a new dimension. Harmonizing to the Sigma program the inundation barrier needs to be heightened another 90cm, which brings it to a degree of 2.25m above the land degree. It needs no farther account that this intercession will alter dramatically the experience of the quays itself and the unfastened position between the metropolis and the river ( van de put, 2007 ) but besides require the remotion of today’s strip of quays, a 23 000 square meter port barren with tonss of hints and memories of its industrial yesteryear, complete with jury-rigged utilizations and a easy establishing urbanity. In order to reconquer this waterfront while doing it flood immune, the metropolis of Antwerp commissioned a multidisciplinary squad led Proap landscape designers with WIT and D-RECTA on a competition entry that, alternatively of a unequivocal design strategy, proposes a toolkit of possible quay faculties that can b e combined to organize the new waterfront profile in a participative and bit-by-bit procedure affecting multiple stakeholders ( Babette, 2011 ) . Therefore, the maestro program Scheldekaaien has three aims [ two ] : – Reconstruction of the quay country as one of the most outstanding public infinites in Antwerp ; – Stabilization of the quay wall ; – Raising the weir until 9:25 TAW in conformity with the updated Sigma program. ( 20140301 ) Undertaking description The renovation of the riverbank is a joint enterprise of the metropolis of Antwerp, which is responsible for the renovation of the quay country as a public sphere, and the Flemish Region, which nv via Waterways and Sea Canal. Responsible for the stabilisation of the quay, the execution of the updated Sigma program and pull off the quay countries. ( 20140301 ) â€Å"The reestablishment of Antwerp’s connexion to its waterfront has been a end for the city’s contrivers for more than a decennary, but merely late have forces aligned to do that dream non merely a practical world but besides a necessity. The 130-year-old bluestone quay wall running along the Scheldt ( pronounced â€Å"Skel-duh† by locals ) has deteriorated to the point where Reconstruction is no longer a luxury. At the same clip, the full seaport must be brought into conformity with the state’s Sigma Plan, a regional flood-prevention enterprise foremost implemented in 1977 as a response to massive implosion therapy and so recommissioned in 2004, which requires that the metropolis be fortified to defy a 4,000-year storm. You read "Sustainable Redevelopment of the Riverside in the City of Antwerp" in category "Essay examples"† [ three ] The Scheldt is non merely the ‘raison d’etre’ for Antwerp, it is besides a menace. Tidal kineticss of the H2O degree are apparent far inland of the estuary, and even enlarged by the embankment. The river besides means flood menace and possible catastrophe. Since the concrete wall built in 1978, Antwerp got wholly divorced from its river and as it described earlier, the actualized Sigma program demands a rise of the protection degree to 9,25m TAW, 90 centimeter higher than the existent protective wall so as to do certain the protection of the metropolis from inundation. But, farther raising the degree of the wall means a 2,25m wall above the quay surface that would blockade all positions to the river and render the quay surface barely accessible. So the new inundation protection can non merely be a mere protective infrastructural device. This twelvemonth, the concluding Maestro program for the Scheldt Quays, designed by PROAP and WIT designers, is up for blessing. In a alone manner, the Master program surveies and integrates the flood-defense as a stipulation and a structuring component for public infinite, whereas the coveted public infinite in bend determines possibilities for the flood-defense. The new inundation protection design should arouse the experience of the river. So location and nature of the inundation protection are defined harmonizing to the next urban infinite or urban tissue. Located near the river, the quays become portion of the urban infinite, whereas a location near to the metropolis safeguards the existent character of the immense quay surface as a floodable country. Specifying the nature of the inundation protection – fixed or nomadic – it deliberates the positions on the river, and will make this within rigorous conditions of safety, cost and feasibleness. â€Å"That procedure will be governed by a series of 10 topographical subdivisions that read from above like the keys of a piano. Each key will turn to the river in a distinguishable manner: one subdivision, resting on pontoons, will lift and fall with the tides ; another will incline down bit by bit from a protective berm ; a 3rd will cantilever out over the H2O, ever negociating between H2O and worlds while including the varying inundation degrees of the river. All appropriately answer the demands of the Sigma Plan while retaining access—visual and physical—to the river† [ four ] The instead definite character of this unreal protection device demands a really accurate reconciliation between fixed or nomadic, difficult and soft. The Mobile barriers will safeguard positions on the Scheldt and heighten the handiness of the quay platform ( even if the consequences of the proficient survey specify a minimal threshold of 7,65m TAW or a medium threshold of 7,80m TAW ) . Fixed barriers reach the actualized Sigma degree of 9,25m TAW. They obstruct the positions towards the river, but at the same clip explicit the nothingness near the metropolis. The sequence of fixed and nomadic solutions is meticulously staged. About the territories Definition of s.d The construct of sustainable development is the consequence of the turning consciousness of the planetary ; links between mounting environmental jobs, socio-economic issues to make with poorness and inequality and concerns about healthy hereafter for humanity. The procedure of incorporating issues related with the environment and socio-economic facets was largely famously expressed in brundtland study definition of sustainable development as â€Å"meeting the demands of the present without compromising the ability of the future coevalss to run into their needs† ( bilhood, 2005 ) However, it is by and large agreed that economic system, environment and societal equity are three first constituents of sustainability construct. To guarantee that the degree of sustainability of urban reclamation undertakings can be significantly enhanced, due consideration to assorted demands and outlooks of different nowadays and future coevalss is required in urban design procedure. Urban design is defined as ‘‘the art of doing topographic points for people’’ ( DETR, 2000 ) . It is considered to be a procedure to fulfill functional and aesthetic demands ( Couch A ; Dennemann, 2000 ; Vandell et al. , 1989 ) . It gives design waies to edifices and infinites agreement in order to make a high quality and sustainable built environment for the citizens ( Oktay, 2004 ) . Previous surveies supported that good urban design could convey a batch of benefits to a community. Assorted parties are better off as more investing chances are offered, productiveness additions, higher return can be obtained, more occupations are created, a broad assortment of accessible comfortss is provided and quality of life impro ves ( CABE A ; DETR, 2001 ; Couch, 1990 ) . Social sustainability refers to maintenance and betterment of wellbeing of current and future coevalss ( Chiu, 2003 ) . A undertaking is said to be socially sustainable when it creates harmonious life environment, reduces societal inequality and cleavages, and improves quality of life in general ( Enyedi, 2002 ) . ( Edwin Chan ? Grace K. L. Lee ) The World Bank [ v ] states thatâ€Å"social sustainability means reacting better to local communities ; guaranting responses are tailored to local state contexts ; and advancing societal inclusion, coherence and answerability.At undertaking degree, this means undertaking equal societal analysis and appraisal, this in bend allows for equal designation of societal chances, every bit good as equal extenuation of societal impacts and hazards, including through the proper application of societal precaution policies.† When speaking about project’s sustainability – from a socio-cultural position, it is necessary to measure whether societal inclusion, coherence and answerability were promoted throughout the life of the undertaking. For a undertaking to be socially sustainable it must affect local engagement or audience, in order for people to hold their sentiments heard, give them a sense of ownership over the undertaking and to do the undertaking more effectual within the local context ( kiristen and roman, 2014 ) Environmental sustainability â€Å"The term environmental sustainability refers to systematic conditions where neither on a planetal nor on a regional degree do human activities disturb the natural rhythms more than planetal resiliency allows, and at the same clip make non impoverish the natural capital that has to be shared with future generation† [ six ] environmental sustainability so is limited to and in fact becomes a subset of ecological sustainability as it is defined by callicot and mumford, as â€Å" meeting human needs without compromising the wellness of ecosystems† ( moreli, 2002, p.2 ) in other words environmental sustainability could be defined as a status of balance, resiliency, and interconnection that allows human society to fulfill its demands while neither transcending the capacity of its back uping ecosystems to go on to renew the services necessary to run into those demands nor by our actions decreasing biological diverseness. ( morelli, 2011 ) Talking about ecological and envi ronmental sustainability we have to see many facets uniting history, yesteryear, current, and future ecosystem demands, every bit good as to take into consideration all the nature and human alterations ( natasa, 2014 ) Economic sustainability For Solow, so, sustainability would look to be an duty to continue the contemporary economic chances ( such as productive capacity ) for the hereafter, non needfully to increase them. We may bask the fruits of the accrued capital and environmental resources that we inherit ( in the signifier of the income and comfortss to which they give rise ) , but we may non consume the entire stock. This rule requires us to go through on to future coevalss what we have inherited from past generations—since we did non roll up or bring forth it ourselves. It is non based on a claim of equal wellbeing for the following coevals. Continuing productive capacity intact is non, nevertheless, an duty to go forth the universe as we found it in every item. What needs to be conserved are the chances of future coevalss to take worthwhile lives. The fact of replaceability ( in both production and ingestion ) implies that what we are obligated to go forth buttocks is a generalised capacity to make well-being, non any peculiar thing or any peculiar resource. Since we do non cognize what the gustatory sensations and penchants of future coevalss will be, and what they will make, we can speak of sustainability merely in footings of conserving a capacity to bring forth well-being. ( anand and sen, 2000 ) Therefore, economic sustainability can be seen in footings of taking the current economic advantage by the nature or infinite without cut downing the possible economic portion of future coevalss. Political sustainability ; thepolitical sustainability of a undertaking can be analysed through the engagement of different groups, anteroom groups, the extent to which the antonym groups are allowed to take part in the undertaking and the political support a given undertaking has. Undertakings that are capable of leting the maximal degree of engagement and suit the different nterest that assorted groups have through a democratic and acceptable manner can be called politically sustainable. Mention Smits Filip, and Alix Lorquet. â€Å" Eilandje. A instance of waterfront pioneering. † Margot Van de Put, â€Å"Imagining a new waterfront for Antwerp† , 43rd ISOCARP Congress 2007 Nunes, J. F. ( 2011 ) . Masterplan for the Scheldt Quays. Diedrich, L. B. ( 2011 ) . Site specific landscape architectural attacks in modern-day European seaport transmutation. Portus Plus, ( 2 ) , 1-16. How to cite Sustainable Redevelopment of the Riverside in the City of Antwerp, Essay examples

Knowledge Management The Systematic Organisation

Question: Describe about the Knowledge Management for The Systematic Organisation. Answer: Introduction In todays more complex business era, knowledge management plays a major role in order to accomplish the business goals and objectives of the business organizations. Knowledge management (KM) refers as the systematic management of the knowledge assets of an organization. The major purpose knowledge management is to create value and to meet tactical strategic necessities of the businesses. Along with this, knowledge management entails the systems initiatives, strategies, and processes that play a major role to sustain and develop the evaluation, storage, improvement, sharing, and creation of knowledge. In addition to this, KM plays a major role to offer right tools, knowledge, people, culture, structure, etc. in order to improve the learning and to comprehend the value as well as applications of the new knowledge produced (Linden, Liu, Dargam Hernndez, 2015). Moreover, KM stores the new knowledge and also makes it accessible for the right people and at the right time place. KM const antly assesses, applies, processes, and also removes organizational knowledge together with actual long and short term factors. In current, KM has become a basic need of the business organizations that is Knowledge management (KM) is advantageous in order to create, share, use and manage the knowledge as well as information of an organization in an effective and a more comprehensive manner. Moreover, it leads to a strong tie to organizational goals and strategy. KM entails the management of knowledge that is valuable for various organizational purposes and also creates value for the organization. This research paper is helpful to describe that how Wal-Mart has been implemented knowledge management in order to increase the efficiency and output of the organization. Moreover, the paper would also be helpful to illustrate the models of KM that Wal-Mart used to enhance the efficiency and output of the business. Introduction of Wal-Mart Wal-Mart is a multinational corporation that runs a chain of large discount departmental stores as well as warehouse in various nations. Along with this, the company was established in 1962 and also integrated officially in 1969. In 1970, Wal-Mart started trading stock as a publicly held company. At this time, the company has approximately 4,573 stores as well as 730, 000 acquaintances within fourteen countries. This indicates the growth and success of Wal-Mart at the global level. In addition to this, Wal-Mart has completely owned operations in Argentina, Brazil, Canada and the UK (Wal-Mart. 2016). The firm also has quite a lot of joint ventures in China and a number of majority owned subsidiaries. Moreover, the corporation operates its business under different banners. All the international stores of Wal-Mart work for a specific goal, to enable their customers to save money and live a better life. On the other hand, KM refers as the practices as well as strategies that an organization uses in order to create distribute and also facilitate implementation of strategic insights as well as specific experiences. Moreover, the knowledge can be personified in either entity or organizational practices/processes. In current, each and every firm makes heavy funds towards development of internal knowledge management efforts. Wal-Mart is a major example that has become the largest corporation of world because of its efforts towards knowledge management (Nazari Emami, 2012). Along with this, Wal-Mart focuses on its goals objectives in order to develop and foster insightful knowledge management skills in an effective and a more comprehensive manner. For case, it should be noted down that, superior business performance, competitive advantage, innovation, and constant improvement of business operations processes are the major organizational objectives of Wal-Mart. Moreover, knowledge manag ement of the firm includes numerous important issues such as: mentoring programs, professional training, discussion forums, corporate libraries and formal apprenticeship. The corporation also focuses on adaptations of technologies, group decision support systems, expert systems, knowledge bases repositories, intranets and so on to resolve all these issues in an appropriate manner (Malhotra, 2005). Importance of Knowledge Management in Wal-Mart Wal-Mart has been built a deep-seated mark in the retail industry. The huge chain store of Wal-Mart has a devastatingly effectual knowledge management program. The KM program of the organization has allowed it to preserve its competitive advantage even at times of tumultuous economic circumstances. Along with this, the goals of the business are being accomplished concurrently all the way through strictly holding to business aims and also complementary operations with the economic growth (Erickson Rothberg, 2011). So, as a result of positive KM strategies, Wal-Mart achieved economic gains the whole time. In addition to this the knowledge management strategies of Wal-Mart have facilitated it to focus on its strategic business operations into cutting operational costs as well as putting up a worth for its shareholders. On the other hand, Wal-Mart makes an effective focus on all the major categories of knowledge. For case, public, shared and personal are the three major forms of knowledge. Public knowledge can be obtained all the way through public domains like the Internet, social media, books, etc. Shared knowledge is knowledge that is completely held by the employees of an organization and also applied in work. Moreover, personal knowledge is the knowledge that is mainly used in work as well as daily life of people. Wal-Mart used these all the forms of knowledge to improve the productivity and profitability of the organization (King, 2009). Apart from this, Wal-Mart also faced various challenges in order to introduce different knowledge management strategies within the organization. But, change management analysis played a significant role in order to override the challenges of the business. The effective KM largely contributed to accomplish the strategic, financial and competitive gains of the b usiness. In addition to this, in todays modern global age, all the stores of Wal-Mart are idyllic for businesses, units and organizations. Moreover, the knowledge management of Wal-Mart is so effective just because of the superior employee skills (Rubanju, 2007). The KM has played a critical role in order to defy all the challenges faced by the organization and to accomplish the overall mission as well as vision of the firm in an effective and a more comprehensive manner. Apart from this, the effectual and consistent knowledge management skills or strategies of Wal-Mart have also enhanced effectiveness of the organization within its service delivery as well as customer care. Nowadays, the organization makes use of effective KM strategies and staff productivity to predict the success or failure of the business. The organization focuses on the growth of the staff and also determines the loyalty, assiduousness and good conduct of employees to ensure the staff productivity for the business. Moreo ver, appropriate knowledge management has allowed it to resolve all issues linked to organizational practices in an effective and a significant manner (Lawlor, 2007). On the other hand, Wal-Mart also applies knowledge management in its HRM (Human Resource Management) strategies or practices. For case, HRM strategies are the tactics that business firms or organizations use to select, hire, and train their employees for competent performance as well as delivery of services. Special HRM strategies are implemented by different associations to accomplish just about same goals (Florea, 2014). Moreover, it should be noted down that, the implementation of effective HRM strategies is not a new phenomenon to Wal-Mart. It is because of, in the recent years, effective HRM strategies of Wal-Mart have been enabled it to obtain much acknowledgment all over the world. Moreover, as an integral part of KM, the HRM strategies of Wal-Mart are mainly used to facilitate the organization; so it can manage its managerial activities all the way through harmonization of employee allied processes. Along with this, the success of an association in the area of knowledge manag ement is also decided by the types of HRM strategies of the firms (Constantinescu, 2008). In the same manner, Wal-Mart also implemented knowledge management to reduce conflicts and to develop effective communication with the people. At the stores of Wal-Mart, KM is used as regards conflict management. It is because of with the appropriate application of KM, Wal-Mart become able to know major issues related to conflicts and to enhance effectual communication within corporation (Murray, 2008). Moreover, just because of the KM, the management always protects its staff and also provides them articulate resources by which they can knowledge management experiences with the other people of the organization. Along with this, Wal-Mart manages and motivates its employee all the way through the use of knowledge management practices. Wal-Mart focuses on employee retention and also offers annual rewards as well as appraisals to the employees. This motivation factor motivates the staff and workforces to improve their performance to get rewards and to accomplish the organizational goals in a specified time period (Becerra-Fernandez Sabherwal, 2014). For this reason, knowledge management played a major role to Wal-Mart to improve organizational efficiency, and to enhance the performance, productivity, profitability of the firm in an effective and a significant manner. Models of Knowledge Management Implemented by Wal-Mart Wal-Mart mainly implemented SECI model of knowledge management for the creation of knowledge. This is a famous conceptual model that was first planned by Nonaka and also further enlarged by Nonaka and Takeuchi. The model plays a significant role to describe that how knowledge is generated, relocated, and recreated in organizations. Moreover, Socialization (tacit to tacit), Externalization (tacit to explicit), Combination (explicit to explicit), and Internalization (explicit to tacit) are the four major concepts of the SECI model (Andreeva Ikhilchik, 2011). These four elements of the SECI model are described as below: Socialization: This stage of SECI model focuses on tacit to tacit knowledge. It means to share tacit knowledge in both internal and external way. This element states that employees of business firms must be ready to share knowledge for the growth and success of the organizations. Along with this, with the help of this concept, Wal-Mart transfers tacit knowledge one person to another (Srikantaiah Koenig, 2008). The firm uses direct interactions as well as experiences to share knowledge among people. Moreover, the firm also makes an effective discussion between the people of same culture; so they can share knowledge and also work together in an effective and an appropriate manner. The organization also conducts numerous joint activities to bring together the employees; so they may understand to each-other and also share their knowledge in a proper way. For that reason, the tacit knowledge or socialization process is related to the ideas of communities as well as alliance between peopl e and teams (Bratianu, 2010). Wal-Mart also applies this process in to tell the experienced people of the firm that they are responsible to share or transfer their knowledge and ideas with new employees. Externalization: This stage of SECI model mainly focuses on tacit to explicit knowledge. This process plays a significant role in order to create new knowledge the same as tacit knowledge that comes out and also becomes communal group knowledge. In addition to this, externalization plays a significant role in order to interpret tacit knowledge of an individual into explicit knowledge. This type of knowledge can be shared and comprehend by the people in an easy manner (McInerney Koenig, 2011). Moreover, Wal-Mart conducts dialogue sessions to transfer tacit knowledge into explicit knowledge. Wal-Mart also takes help of written documents, images, and concepts to provide support to this type of interface. Along with this, the firm also shares these documents with other team members those are working on similar projects. The knowledge that Wal-Mart captures by this process becomes a precious source of reference to other people or teams of the organization. Apart from this, this process o f SECI model is very difficult and time consuming. But, due to its advantages, Wal-Mart focuses on this in order to share knowledge among people in an effective and a significant manner (Geisler Wickramasinghe, 2015). Combination: This process of SECI model plays a major role in order to transfer the explicit knowledge all the way through databases, e-mails, documents, and meetings. Moreover, this stage also collects and processes related internal as well as external knowledge, and also make the knowledge more comprehensible and propagate for the people or groups of the organization. It is a major process wherever knowledge transforms from explicit to explicit knowledge. Along with this, Wal-Mart also collects explicit knowledge from inside or outside environment of the organization and also combines, alters or practices into a new form of knowledge. Wal-Mart also distributes the new explicit knowledge among the members of the organization; so they can tale help of the knowledge to accomplish the shared goals and objectives of the business in an effective and a more comprehensive manner (Woods Cortada, 2013). In this way, this element of SECI model is also advantageous for the success and growth of the busine sses. Internalization: Internalization is the last stage of the SECI model. Moreover, with the help of this process, Wal-Mart creates explicit knowledge with the help of tacit knowledge and also shares this knowledge across the organization. Wal-Mart also grasps as well as holds learned explicit knowledge into tacit knowledge (Uden, Wang, Rodrguez, Yang Ting, 2013). Along with this, this type of may be personified in actions and practices of the business organizations. People may re-gain the explicit knowledge by taking help of documents, reports and books. Moreover, people also gain tacit knowledge by accepting the explicit knowledge and also assuming new ideas or actions appropriately. In addition to this, with the help of this process, business organizations actualize their gained experiences or knowledge as methods, concepts, and processes that are performed in the course of experiments and researches. For this reason, the SECI model of knowledge management is beneficial for the busin ess organizations. Wal-Mart implements this model to share experiences and knowledge among the people of the business (Uden, Oshee, Ting Liberona, 2014). The firm also provides effective training to its employees at different stages of the SECI model; so they can work and also play important roles to accomplish the goals and objectives of the business. Conclusion On the basis of the above analysis, it can be said that, Wal-Mart has implemented knowledge management in order to improve the competence and productivity of the business. The effective KM strategies have increased return on investments and also reduced the financial risks of business. Along with this, it is also observed that, knowledge management also played a critical role to improve the overall organizational performance as well as efficiency in an effective and a more comprehensive manner. Moreover, the SECI model of KM also improved the performance of the organization. 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