March 30, 2011

vision should be the centre

Our group had a discussion about the project yesterday and set a simple and rough structure of our presentation. According to the requirement of the presentation, we linked AM, KM and EFQM together. However, potentially it helps to link the mission or the goal of WaveRiders with those aspects. The vision of a company should always be the center in AM and KM, or else the value of A/KM will significantly reduce. In fact, not only A/KM but also all the strategies and approaches which deploy in a company, the purpose of them is to contribute to the vision.

Besides, we tried to find all the possible assets that WaveRiders has but we just focused at the fixed asset in WaveRiders. Maybe it's ok because we don't have the situation to manage liquid asset such as the inventory. Yes, we can manage it within the company however, in real life, it should be managed with the consideration of the environment of the market. If the market condition becomes uncertain and unpredictable, inventory management may appear more difficult.

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