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8) List potential advantages and benefits that can be expected rom the KM strategy a) Taxonomy: According to the research, "Taxonomy is the science...

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8) List potential advantages and benefits that can be expected rom the KM strategy a) Taxonomy: According to the research, “Taxonomy is the science of classification according to a predetermined system used to provide a conceptual framework for discussion, analysis or information retrieval” (Lesson 3). For the Aldi food retail store, it is really necessary to implement the taxonomy initiative into their operational system. For example, when they doing the layout for production, they need to categorize the items and put them in sequence in order to convenient customer to satisfied their shopping journey. Moreover, implementing the taxonomy can help for searching of product information, marketing move, competitor’s trend then perform an effective and accurate decision-making. b) Training: For the Aldi food retail store, build up a internal and systematic training system is necessary to help the front line staff to improve their services. Internal training system can build up the channel for staff to learn the new skill and knowledge in order to perform a better quality services. c) Market Research: Aldi food retail store is an internal corporate store. It has the wide scope focusing on the international market. Therefore, the market research is very important for this type of business. When they are doing the market research, it can help to understand where the customers are and estimate the size of the market you can serve currently and advanced. Moreover, the market research can help be clear on what your customers require then the store can change their service to qualified the customers needs. Implementing the market research can help create a marketing plan to target them effectively. d) Data Mining: Implementing the data mining initiative is the key step for the knowledge management strategy. When the Aldi company collecting the feedback from customer and selecting the supplier, data mining can improve them work effectively and accurate. Data mining is based on the historical data to predict the future trend. The most common method is market basket analysis, the retail store can have appropriate production arrangement when they figure out the item that customer always buy together, then they can arrange the layout and offer a promotion or discount in order to boost the selling. Using the data mining can help to classified the historical data for the supplier. Based on those previous data, retail store can compare the quality and price among the each for suppliers in order to help them choose the best qualified one for offering their production supply. 10) Consider the possible resistance, changes, and restructure of the company as a result of implementing the KM strategy The Aldi retail food store is an international based business. The first obstacle and resistance for the Aldi is the regional conflict. The different regional may has the different culture background. Some of the KM strategy may suit for the particular area and region but might not good to be implemented into other regions. Therefore, some km strategies may mislead the decision-making. The solution for this obstacle is looking for the expert
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to define the specific KM strategy for each different regions based on their culture and specialty. The second obstacle is focus on the conflict between the existing and new KM strategy. People used to use something they familiar with. This is the same situation in the Aldi. Staff used to perform the task based on the old policy and standards. The new strategy or standards may conflict with each other. People tend to use the handy one and reject the new one. Moreover, this is also a time issue for staff to accept and implement the new KM strategy. The solution to solve this problem is that implement the new strategy, which is based on the particular group or department. The new strategy should be implemented by a narrowed scope. The last but not least obstacle is the immeasurable result and benefit from KM strategy. By implementing the new KM strategy, there are lots of efforts and resources need to be implemented. Also, the KM strategy implementation is also considered as the time issue. It may take really long time to benefit from those strategies. Moreover, there is hard to find the specific metric to measure the outcome. Also, during the implementation, there may other obstacles occurred during the implementation lead-time. Therefore, we should define the metric for the measurement and specific assessment for each KM strategy in order to measure the outcome and make a better improvement.
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8) List potential advantages and benefits that can be expected rom the KM strategy
a) Taxonomy: According to the research, “Taxonomy is the science of classification
according to a predetermined...

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