Applicability of Alternate Minimum Tax

Pertinence of Alternate Minimum Tax All the non-corporate personal citizens should be paying AMT. The standard for relevance is that the AMT is payable if: Tax under typical Provisions (according to personal assessment act) is not exactly AMT. For this situation the balanced all out salary is viewed as the complete pay and expense obligation is determined over it. The other standard notices that the AMT won't be paid by the individual, HUF (Hindu Undivided Family), AOP (Association of Persons) and Artificial Juridical Person if the Adjusted Total Income isn't more noteworthy than Rs.20 lakhs. Non-Applicability to LLP’s joined under remote Law Limited Liability Partnerships consolidated under outside laws are not considered â€Å"Firm† according to the definition given under area 2(23) and are considered under the definition given in segment 2(17). In this way, the arrangements of AMT are not relevant to such LLPs. Materialness to outside firms not fused under any Foreign Law Foreign firms which are not fu sed according to the remote nation law yet fits into the meaning of â€Å"firm† according to Indian Partnership Act,1932 is viewed as firm as under segment 2(23). Along these lines, the arrangements of AMT according to section XII-BA are appropriate to such firms. The Alternate least expense risk is according to area 115JC for the pay to be chargeable to burden under India. Rate The pertinent pace of AMT is 18.5%, which is determined on Adjusted Total Income. Further, the last AMT is determined by computing training and auxiliary instruction cess of 3% on 18.5% and overcharge if pertinent. Overcharge isn't appropriate for LLP. A Table containing steps is remembered for annexure alongside a representation. The means and representation are given in Annexure-I and II separately. According to the arrangements of AMT, the last expense risk for the non-corporate assessees is more prominent of the duty according to typical arrangements and Alternate Minimum (Tax @ 18.5 percent (in a ddition to auxiliary and training cess as appropriate) on balanced complete Income). Substitute Minimum Tax Credit Tax credit is accessible against future expense obligation if AMT is more prominent than charge under ordinary arrangements. The credit sum is the contrast between the two and can be balanced or conveyed forward for a long time from the year where the credit was earned. From the evaluation year 2018-19, the period will be fifteen years.The segment material is 115JD. Set-off is accessible when the assessment according to ordinary arrangement for LLP is more than AMT. The measure of set-off is constrained to sum paid in overabundance of AMT. In any case, the principles with respect to take forward or set-away are not appropriate for instruction and optional training cess. Further, on the off chance that the credit isn't used inside ten years, at that point it can’t be benefited later on. Intrigue isn't paid on charge credit profited. Use of different Provisions of this Act The arrangements are given under segment 115JE and are material to the non-corporate assessee to whom AMT arrangements apply. This segment incorporates advance assessment, enthusiasm according to areas 234A,234B and 234C punishment. Key focuses concerning the New Chapter XII-BA

Communications Plan Template How to Build Yours In 12 Steps

Interchanges Plan Template How to Build Yours In 12 Steps What message would you like to impart to your crowd? What do you need your crowd to think about your association? Whats your brands crucial reason? These inquiries can leave advertisers getting a handle on at straws.â On the off chance that you cannot answer them unmistakably, however, your interchanges plan will undoubtedly go out of control. What's more, that is actually why weve composed this post. Youre going to adapt precisely how to make a steady informing system for your association. As you go along,â youll figure out how to record everything utilizing a straightforward correspondence plan layout. Besides, youll figure out how to execute that arrangement utilizing your blog, online networking, and email advertising. Get Your Free Communication Plan Template + Bonus Calendars To make arranging your interchanges procedure simple, we’ve fabricated this free layout. Besides, we’ve additionally included two schedule formats to keep your execution sorted out. Here’s what your pack incorporates: Correspondence Plan PowerPoint to spread out your whole interchanges methodology. Showcasing Calendar templateâ to plan the entirety of your substance and crusades. Online life Calendar templateâ to plan the entirety of your web based life messages. Download them now, and afterward let’s get down to work. The most effective method to Create A Communications Plan in 12 Steps (Free Template)What Is A Communication Plan For this post, a correspondence plan is: A correspondence plan is a nitty gritty technique that plots an association's intended interest groups and the messages they have to get to drive wanted business results. What is a correspondence plan, anyway?12 Steps To Develop A Solid Communication Plan Since you recognize what a correspondence plan is, you can take a shot at building one. The accompanying 12 stages will assist you with arranging a full methodology that you can impart to your group. Here's the manner by which to build up a correspondences plan in 12 steps.Step One: Establish Your Mission Statement The initial phase in your correspondence arranging process is helping your group to remember your statement of purpose. Your statement of purpose is the ultimate objective that your organization needs to satisfy for your clients. Here are a couple of model statements of purpose to motivate your own (in the event that you don’t have one yet): Starbucks: To motivate and sustain the human soul †one individual, each cup and one neighborhood in turn. : Organizing the world each advertising schedule in turn. Nike: To carry motivation and development to each athlete* on the planet. Take a stab at utilizing this layout to organize your statement of purpose. Our association exists to give [benefit], [benefit], and [benefit] through [product or service]. When you have your statement of purpose record it in your correspondence plan format: Do you know your association's crucial Two: Identify Your Business Objectives The following stage in your procedure is to distinguish your business goals. Business targets are objectives your organization or association needs to hit to be fruitful. Each objective your group hinders needs to add to these targets. On the off chance that you’re unconscious of what you’re focusing on, you’ll miss without fail. Converse with or plan a gathering with your director to discover these goals. When you have them record them in your layout: Stage Three: Develop Audience Personas The subsequent stage is to discover your intended interest group or crowds. These are the individuals your association is attempting to reach. In this manner, you have to distinguish what their identity is and what is most important to them so you can make messages that associate with them. Distinguish Your Target Audience Before you begin building up your crowd personas, you have to distinguish your intended interest group. Your intended interest group is the gathering of individuals who are destined to buy your item or administration. Here are a couple of approaches to become familiar with your intended interest groups: Overview current clients to become familiar with them. Try utilizing instruments like SurveyMonkey or Google Formsâ to assemble information from your crowd. Ask segment style questionsâ to accumulate the data you are searching for. Dive into Google Analyticsâ to become familiar with who is as of now visiting your site. Search through your competitorsâ social media supporters to see who they have all the earmarks of being pulling in (and contrast that with your own adherents). Once you’ve accumulated the information, you have to make a one to two sentence portrayal about your crowd. It could look something like this: Our intended interest group is comprised of expert 20 to 28-year-olds who have recently begun their first occupation subsequent to moving on from school with a four-year degree. Make sure to keep it brief, as you’ll really expound later. Record these announcements in your correspondences format: Are you utilizing personas in your correspondence plan?Develop Your Audience Persona Once you’ve decided the fundamental data of your intended interest group, you can utilize the study data you gathered before to make a point by point crowd persona. Every persona ought to contain the fundamental data about every one of your intended interest groups including: Age Sexual orientation Occupation Title Area Pay There’s likewise space to round out interests and leisure activities of your crowds just as the issues they are presently confronting. Suggested Reading: How To Find Your Target Audience With A Marketing Persona Stage Four: Identify Your Unique Selling Proposition (USP) To make powerful correspondence, you have to realize your special selling suggestion. What is a USP? As indicated by Entrepreneur, a remarkable selling recommendation is: The factor or thought introduced by a dealer as the explanation that one item or administration is not the same as and superior to that of the opposition. Let’s investigate a model. Casper is an online bedding retailer, and their USP is engaged around one straightforward thought. Since their item is sold legitimately to the shopper, they can offer lower costs than what you would discover in the event that you went to a blocks and cement store. Unbeatable minimal effort separates them. Enormous or little, distinguishing your USP will have an immense effect in your correspondence procedure. Work with your group to think of your USP and record it in your layout. What's your one of a kind selling proposition?Step Five: Draft Your Calls To Action Every single one of your intended interest groups will have a source of inspiration. What do you need your crowd to do after they have perused or heard your message? For instance, let’s state your association is a planning programâ designed to assist individuals with making money related opportunity.  Your target crowd is ages 20-28, beginning their first occupation and managing a  mountain of understudy advance obligation. Your source of inspiration is pursue a free discussion to assist them with getting their advances paid off at the earliest opportunity. You comprehend what you need them to do; presently you need to make sense of the correct stating that makes the last push they have to make a move. This realistic is stuffed loaded with 54 unique words that you can remember for your CTA: On the off chance that we return to our model some CTAs that this organization could utilize are: Find how to stretch out beyond your understudy advance installments and pursue a free discussion. Register for a free meeting and exploit this exceptional proposal before it’s gone. These CTAs ought to distinguish the activity and general informing your association needs to convey to every crowd. Record themâ in your format. Does your correspondence plan incorporate clear calls to action?Step Six: Choose Your Channels The subsequent stage in your correspondence plan process is picking the channels that you’re going to share your message on. Blogging As per Express Writers, including a blogâ as a key piece of your site expands your opportunity of better web crawler rankings by 434%. Blog entries are incredible for sharing an assortment of news including: Organization occasions. Organization news. Feel great activities your association has taken on. The most effective method to content. Updates to items and administrations. Dispatches of new items and administrations. Suggested Reading: How to Create Effective Blog Posts That Convert Like Crazy Email A second channel choice to consider is email. As indicated by Imagination, messages as a rule create 38 dollars for each 1 dollar spent. That’s a 3,800% degree of profitability. So how might you use email to spread your message? Some basic strategies are: Email Newsletters that stay up with the latest with your most recent substance and news. Press Relations: Need to get an official statement out in a rush? Email is an incredible way send your official statements out to your press contacts. Deals Offers: Having a constrained time offer to allure your clients to purchase from you? Tell them with a brisk email impact that is brimming with message duplicate that urges them to purchase. Instruments like MailChimp, Campaign Monitor, and Wordflyâ can assist you with beginning. Internet based life On the off chance that you choose to utilize internet based life, guarantee that your association is utilizing the best channels for your motivations. Here’s are a few realities to remember about each system. You can likewise pick your systems dependent on where your crowd would be generally dynamic. As indicated by the Pew Research Center, this the most refreshed crowd segment information starting at 2016. Source: pewinternet.org/2016/11/11/internet based life update-2016/ Utilize this information to see where your intended interest group is generally dynamic. Suggested Reading: How To Automate Your Social Media With And Get Your Time Back Pick your diverts and record them in your format. Stage Seven: Decide Your Publishing Frequency Since you have your channels chosen, your subsequent stage is to decide how frequently you’re going to distribute your substance. Each channel has its own arrangement of best works on with respect to distributing recurrence. Blog Entry Publishing Frequency Your blog entry distributing recurrence will differ a great deal contingent upon y

Free Essays on School Veto Power Over Books On Reading List

in it that may affront individuals, there might be an explanation that the instructor has picked the book. I solidly accept that if the educator can give an intelligent explanation behind keeping the book in light of faulty terms, at that point that the book ought to be permitted. In any case, guardians and those restricted to the book must be heard too. There may be a consistent motivation behind why the book shouldn’t be on the rundown; that is the place the democratic becomes an integral factor. Generally, some sort of understanding must be made among guardians, overseers, and educator. The two gatherings should be open and adaptable and both need to keep the wellbeing of the youngsters as their top needs. The guardians don’t have the entirety of the force for this situation. Nor do the educators. They ought to have equivalent force, and I... Free Essays on School Veto Power Over Books On Reading List Free Essays on School Veto Power Over Books On Reading List For what reason ought to or shouldn’t we let guardians have veto control over which books their kids might be educated in government funded schools? There are numerous speculations on this subject and sentiments go the two different ways. Can guardians truly have a significant assessment or do they need to simply concur with the books that have been put on the rundown? Clearly this inquiry must be tended to and move must make place, however what do we do? As I would like to think, the school’s English office conveys the majority of the force in government funded schools when choosing which books will be perused by the understudies. On the off chance that a delegate gathering of guardians, instructors or chairmen see a specific book inadmissible for understudies, at that point there ought to be an open door for them to talk about their agreement with the individuals who have a contradicting view. The educators choice isn't an official choice for this situation. For instance, if a word is utilized in a book that the educators see as sufficient for youngsters to peruse yet others deviate, some sort of casting a ballot framework ought to be set up to settle this issue. One explanation that instructors pick a book for understudies to peruse is that they trust the book will assist understudies with turning out to be better perusers and progressively created individuals. On the off chance that the book has words in it that may outrage individuals, there might be an explanation that the educator has picked the book. I immovably accept that if the educator can give a sensible explanation behind keeping the book due to sketchy terms, at that point that the book ought to be permitted. In any case, guardians and those contradicted to the book must be heard too. There may be a sensible motivation behind why the book shouldn’t be on the rundown; that is the place the democratic becomes possibly the most important factor. Generally speaking, some sort of understanding must be made among guardians, directors, and educator. The two gatherings should be open and adaptable and both need to keep the wellbeing of the kids as their top needs. The guardians don’t have the entirety of the force for this situation. Nor do the educators. They ought to have equivalent force, and I...

Information Structure Essay Example | Topics and Well Written Essays - 3500 words

Data Structure - Essay Example For the most part, linguistic structure is the fundamental center of syntactocentric origination and the pragmatics and semantics (data structure) are viewed as the subsidiaries of sentence structure. Then again, the equal engineering hypothesis of the spot of data structure in language structure differentiates the contentions of syntacto-driven origination by recommending that there is no predominant segment yet a progression of collaborating segments and the cooperations are not really interceded through the syntactic parts. Be that as it may, in spite of the fact that the hypothesis of Syntactocentric engineering is generally introduced on the conviction that data structure including the relations among significance and sound regularly emerges from the mapping of different syntactic structures into phonetic structure, late hypothetical advancements have uncovered that phonological structures have their confinements and their blends can't be just decreased to syntactic terms. Subsequently, equal engineering at present is by all accounts the most fitting hypothesis that can be utilized to clarify the Place of data structure in syntax structure. One of the most regularly utilized equal design approaches known as the job reference punctuation (RRG) especially sets that one single synactic portrayal of a sentence ordinarily relates to the genuine structure of a sentence.

Essay --

Flu or influenza is brought about by RNA infections of the family orthomyxoviridae, that influences the nose, throat, and lungs-the respiratory framework. The normal manifestations are: fever and respiratory issues, for example, hack, sore throat,stuffy nose, just as migraines and muscle throbs. Flu infections are spread for the most part by beads produced using individuals hacking, sniffling or talking while at the same time having this season's flu virus. These beads can land in the mouths or noses of individuals or can breathed in into the lungs. It is least normal for the infection to spread by contacting a contaminated surface then their mouth or nose. Influenza infections are isolated into 3 classifications, A, B, C. An and B are liable for issues in the respiratory framework that regularly happens throughout the winter. Flu types C is very not the same as An and B. Type C just aim gentle respiratory side effect or none by any stretch of the imagination. As per CDC, nobody realizes precisely what number of individuals bite the dust from seasonal influenza disease every year. There are four primary purposes behind this. As a matter of first importance, states are not required to report flu related passings that are more seasoned than the age of 18. Second, se...

An Introduction to Knowledge Management - Focus

An Introduction to Knowledge Management - Focus Nowadays, the boundaries of companies and organisations are blurring as the world is becoming increasingly connected.  As Dave Gray puts it: “by changing the way we create, access and share information, social networks are changing the power structure in society”. Knowledge management is a key way to harness these changes and in this article Ill explain why and how to do so. Knowledge Management Knowledge Management develops systems and processes to acquire and share intellectual assets and collective knowledge. It increases the amount  of useful, actionable, and meaningful information available, and seeks to increase both individual and team learning. In addition, Knowledge Management can maximise the value of an organisation’s intellectual base, across diverse functions and disparate locations. In this article  I will take you through the theories behind Knowledge Management and share three best practices, so youre able to take this advice directly to your business or organisation. Benefits of Knowledge Management There are two different sets of benefits associated with good knowledge management: traditional benefits and connectivity benefits. Traditional benefits are well known by most organisations. These include: better use of existing resources increased productivity and consistency establishment of best practices creation of institutional memory team retention faster learning curves competitive advantage capacity to replicate success. With these benefits, good knowledge management helps the organisation to stay flexible and adaptable, while promoting creativity and innovation. On the other hand, connectivity benefits include: internal and external support networks empowerment and engagement trust and reputation wider geographical reach a stronger and united voice, given that nowadays every member of an organisation is also an ambassador.   In recent times, these connectivity benefits are gaining more relevance as companies are adapting to new ways of operating. As a result, companies are  working more with both trusted partners and  freelance professionals, who are drawn on  for project work.   Get started with Knowledge Mapping! Sign up for MindMeister Try it free! Sign up for MindMeister Does Knowledge Management always work? Based on my fifteen years of experience and exposure to numerous companies and industries, my answer would be no. Every now and then, companies decide to embark on a knowledge management initiative, because many executives recognise intellectual capital as their most valuable asset. A typical mistake is to assign such an initiative to the IT department, when two key elements of knowledge management are the people involved and their willingness to share. For this reason, any Knowledge Management initiative should focus on the people, not the technology. Principles for good practice In this series of articles, we will elaborate on how to implement a successful knowledge management initiative and how collaborative mind mapping can help with this process. This innovative approach is based on the following three principles for good practice: 1. Have documents which are easy to create, share and re-arrange Members of your organisation should be able to share their knowledge in the easiest way possible. If the process  is difficult, the level of engagement and amount of contribution will reduce dramatically. Similarly, any knowledge domain is organic and will evolve with time, so the different domains and different knowledge assets will need to be re-arranged (forgotten even). This process should also be extremely easy. In my experience, SharePoint and Wikis won’t fulfill this principle, especially when it comes to re-arranging, which is why we advocate for knowledge mapping. A Knowledge Map on the social media strategy at MeisterLabs, for example, could end up looking something like this: 2. Knowledge should be organised as an ontology, not as a taxonomy In case I’m not using these big terms in their traditional sense; by taxonomy I mean a tree diagram, and by ontology I mean something like a network. We are all very familiar with working with folders and folders within folders (a taxonomy). Sadly, this system for storing information is not good enough for capturing our precious common knowledge. Different people access different domains of knowledge via different paths. Mind mapping allow us to create intuitive models of the common knowledge (ontologies) which are easy to navigate and work with. 3. The knowledge model should be built from the ground up This third principle is quite straight-forward: whatever the Knowledge Management system, it should be built from the ground up. We recommend building your Knowledge Management system around communities of practice and starting small. The way we do it is as follows: first choose a specific company objective that is closely connected to knowledge (low hanging fruit), second define a small community of practice around it and give them a clear goal. Finally, start working on that specific domain for that specific target. By doing so you will create a small but functional Knowledge Management environment, which is useful for everyone from day one. People within this community will feel ownership, will subsequently look after their domains and will feel comfortable using the platform. Next steps So there’s our overview of the benefits of Knowledge Management and the three key principles for good practice, to begin our Knowledge Mapping series. Stay tuned for the next article in which well discuss: What should be considered knowledge and what should be considered information and the differences between, using a few intuitive examples An introduction to Knowledge Mapping, as we demonstrate how to use MindMeister to map knowledge. In you enjoyed this article, check out the second article in the Knowledge Mapping series: How to Build a Knowledge Map. Get started with Knowledge Mapping. Try out MindMeister Its free! Try out MindMeister An Introduction to Knowledge Management - Focus Nowadays, the boundaries of companies and organisations are blurring as the world is becoming increasingly connected.  As Dave Gray puts it: “by changing the way we create, access and share information, social networks are changing the power structure in society”. Knowledge management is a key way to harness these changes and in this article Ill explain why and how to do so. Knowledge Management Knowledge Management develops systems and processes to acquire and share intellectual assets and collective knowledge. It increases the amount  of useful, actionable, and meaningful information available, and seeks to increase both individual and team learning. In addition, Knowledge Management can maximise the value of an organisation’s intellectual base, across diverse functions and disparate locations. In this article  I will take you through the theories behind Knowledge Management and share three best practices, so youre able to take this advice directly to your business or organisation. Benefits of Knowledge Management There are two different sets of benefits associated with good knowledge management: traditional benefits and connectivity benefits. Traditional benefits are well known by most organisations. These include: better use of existing resources increased productivity and consistency establishment of best practices creation of institutional memory team retention faster learning curves competitive advantage capacity to replicate success. With these benefits, good knowledge management helps the organisation to stay flexible and adaptable, while promoting creativity and innovation. On the other hand, connectivity benefits include: internal and external support networks empowerment and engagement trust and reputation wider geographical reach a stronger and united voice, given that nowadays every member of an organisation is also an ambassador.   In recent times, these connectivity benefits are gaining more relevance as companies are adapting to new ways of operating. As a result, companies are  working more with both trusted partners and  freelance professionals, who are drawn on  for project work.   Get started with Knowledge Mapping! Sign up for MindMeister Try it free! Sign up for MindMeister Does Knowledge Management always work? Based on my fifteen years of experience and exposure to numerous companies and industries, my answer would be no. Every now and then, companies decide to embark on a knowledge management initiative, because many executives recognise intellectual capital as their most valuable asset. A typical mistake is to assign such an initiative to the IT department, when two key elements of knowledge management are the people involved and their willingness to share. For this reason, any Knowledge Management initiative should focus on the people, not the technology. Principles for good practice In this series of articles, we will elaborate on how to implement a successful knowledge management initiative and how collaborative mind mapping can help with this process. This innovative approach is based on the following three principles for good practice: 1. Have documents which are easy to create, share and re-arrange Members of your organisation should be able to share their knowledge in the easiest way possible. If the process  is difficult, the level of engagement and amount of contribution will reduce dramatically. Similarly, any knowledge domain is organic and will evolve with time, so the different domains and different knowledge assets will need to be re-arranged (forgotten even). This process should also be extremely easy. In my experience, SharePoint and Wikis won’t fulfill this principle, especially when it comes to re-arranging, which is why we advocate for knowledge mapping. A Knowledge Map on the social media strategy at MeisterLabs, for example, could end up looking something like this: 2. Knowledge should be organised as an ontology, not as a taxonomy In case I’m not using these big terms in their traditional sense; by taxonomy I mean a tree diagram, and by ontology I mean something like a network. We are all very familiar with working with folders and folders within folders (a taxonomy). Sadly, this system for storing information is not good enough for capturing our precious common knowledge. Different people access different domains of knowledge via different paths. Mind mapping allow us to create intuitive models of the common knowledge (ontologies) which are easy to navigate and work with. 3. The knowledge model should be built from the ground up This third principle is quite straight-forward: whatever the Knowledge Management system, it should be built from the ground up. We recommend building your Knowledge Management system around communities of practice and starting small. The way we do it is as follows: first choose a specific company objective that is closely connected to knowledge (low hanging fruit), second define a small community of practice around it and give them a clear goal. Finally, start working on that specific domain for that specific target. By doing so you will create a small but functional Knowledge Management environment, which is useful for everyone from day one. People within this community will feel ownership, will subsequently look after their domains and will feel comfortable using the platform. Next steps So there’s our overview of the benefits of Knowledge Management and the three key principles for good practice, to begin our Knowledge Mapping series. Stay tuned for the next article in which well discuss: What should be considered knowledge and what should be considered information and the differences between, using a few intuitive examples An introduction to Knowledge Mapping, as we demonstrate how to use MindMeister to map knowledge. In you enjoyed this article, check out the second article in the Knowledge Mapping series: How to Build a Knowledge Map. Get started with Knowledge Mapping. Try out MindMeister Its free! Try out MindMeister An Introduction to Knowledge Management - Focus Nowadays, the boundaries of companies and organisations are blurring as the world is becoming increasingly connected.  As Dave Gray puts it: “by changing the way we create, access and share information, social networks are changing the power structure in society”. Knowledge management is a key way to harness these changes and in this article Ill explain why and how to do so. Knowledge Management Knowledge Management develops systems and processes to acquire and share intellectual assets and collective knowledge. It increases the amount  of useful, actionable, and meaningful information available, and seeks to increase both individual and team learning. In addition, Knowledge Management can maximise the value of an organisation’s intellectual base, across diverse functions and disparate locations. In this article  I will take you through the theories behind Knowledge Management and share three best practices, so youre able to take this advice directly to your business or organisation. Benefits of Knowledge Management There are two different sets of benefits associated with good knowledge management: traditional benefits and connectivity benefits. Traditional benefits are well known by most organisations. These include: better use of existing resources increased productivity and consistency establishment of best practices creation of institutional memory team retention faster learning curves competitive advantage capacity to replicate success. With these benefits, good knowledge management helps the organisation to stay flexible and adaptable, while promoting creativity and innovation. On the other hand, connectivity benefits include: internal and external support networks empowerment and engagement trust and reputation wider geographical reach a stronger and united voice, given that nowadays every member of an organisation is also an ambassador.   In recent times, these connectivity benefits are gaining more relevance as companies are adapting to new ways of operating. As a result, companies are  working more with both trusted partners and  freelance professionals, who are drawn on  for project work.   Get started with Knowledge Mapping! Sign up for MindMeister Try it free! Sign up for MindMeister Does Knowledge Management always work? Based on my fifteen years of experience and exposure to numerous companies and industries, my answer would be no. Every now and then, companies decide to embark on a knowledge management initiative, because many executives recognise intellectual capital as their most valuable asset. A typical mistake is to assign such an initiative to the IT department, when two key elements of knowledge management are the people involved and their willingness to share. For this reason, any Knowledge Management initiative should focus on the people, not the technology. Principles for good practice In this series of articles, we will elaborate on how to implement a successful knowledge management initiative and how collaborative mind mapping can help with this process. This innovative approach is based on the following three principles for good practice: 1. Have documents which are easy to create, share and re-arrange Members of your organisation should be able to share their knowledge in the easiest way possible. If the process  is difficult, the level of engagement and amount of contribution will reduce dramatically. Similarly, any knowledge domain is organic and will evolve with time, so the different domains and different knowledge assets will need to be re-arranged (forgotten even). This process should also be extremely easy. In my experience, SharePoint and Wikis won’t fulfill this principle, especially when it comes to re-arranging, which is why we advocate for knowledge mapping. A Knowledge Map on the social media strategy at MeisterLabs, for example, could end up looking something like this: 2. Knowledge should be organised as an ontology, not as a taxonomy In case I’m not using these big terms in their traditional sense; by taxonomy I mean a tree diagram, and by ontology I mean something like a network. We are all very familiar with working with folders and folders within folders (a taxonomy). Sadly, this system for storing information is not good enough for capturing our precious common knowledge. Different people access different domains of knowledge via different paths. Mind mapping allow us to create intuitive models of the common knowledge (ontologies) which are easy to navigate and work with. 3. The knowledge model should be built from the ground up This third principle is quite straight-forward: whatever the Knowledge Management system, it should be built from the ground up. We recommend building your Knowledge Management system around communities of practice and starting small. The way we do it is as follows: first choose a specific company objective that is closely connected to knowledge (low hanging fruit), second define a small community of practice around it and give them a clear goal. Finally, start working on that specific domain for that specific target. By doing so you will create a small but functional Knowledge Management environment, which is useful for everyone from day one. People within this community will feel ownership, will subsequently look after their domains and will feel comfortable using the platform. Next steps So there’s our overview of the benefits of Knowledge Management and the three key principles for good practice, to begin our Knowledge Mapping series. Stay tuned for the next article in which well discuss: What should be considered knowledge and what should be considered information and the differences between, using a few intuitive examples An introduction to Knowledge Mapping, as we demonstrate how to use MindMeister to map knowledge. In you enjoyed this article, check out the second article in the Knowledge Mapping series: How to Build a Knowledge Map. Get started with Knowledge Mapping. Try out MindMeister Its free! Try out MindMeister

Strategy Formulation, Implementation and Evaluation - 1100 Words

Strategy Formulation, Implementation and Evaluation (Essay Sample) Content: Global Strategy Analysis. The External and Internal EnvironmentsNameInstitutional AffiliationGlobal Strategy Analysis. The External and Internal EnvironmentsPESTEL Analysis for Amazon.comIn this paper, the focus will be on Amazon.com, which is an American based electronic store with headquarters in Seattle, Washington. Along with its vast investment into electronics, Amazon.com has also grown into a reputable cloud computing company, whose success of Amazon can be attributed to its own internal and external operations, policies, and management. To adequately analyze the companys macro external environment, the PESTEL technique will be used (Martin, 2014).Over a couple of years, Amazon has been growing exponentially and even expanded its services beyond the United States of America. The companys CEO, Boaz, has also been a contributory factor with his focus to explore new markets, such as Asia. Amazon is an e-commerce investment and similar to other investments; operat ing in a politically diverse environment is a challenge. As the company plans to open up its operations to the Asian markets, political challenges are inevitable. Red Tape and regulatory trends in the Asian market pose a challenge to the company, and the companys operations will most probably be affected.Furthermore, the economic factors are likely to affect its operations and market share. In some of the countries where Amazon wants to invest in, there exists the challenge of weak economies, meaning a lower product demand and, thus, little sales made by the company. There is a worrying trend in the Asian countries - investments are low - something that is likely to affect e-commerce ventures. Along with the Asian markets, other countries seem to have thriving economies with the target groups in these countries providing a potential customer base for Amazon. All in all, stable economies have a positive contribution to e-commerce ventures and have given Amazon.com a competitive advan tage over its competitors.Amazons Industry Analysis: New Entrants and Related ThreatsThere have been an increasing number of e-commerce platforms all over the world. Organizations and businesses are opening up to the new business opportunity, and customers are also shifting their preferences towards online shopping. The new e-commerce ventures, as well as the previously existing ones, are a threat to Amazon. New entrants into the market, such as Forever 21, Home Depot, Barnes, and Noble among others, are growing fast, taking up a substantial market share and proving to be a threat to Amazon.The same competitors and new entrants into the e-commerce market are venturing in substitute and products similar to what Amazon is offering. Some of these stores have even reduced the prices of their substitute goods, all in a bid to attract more shoppers. For instance, E-Bay offers electronics, similar and rebranded, at a lower price as compared to those offered by Amazon.Current CompetitionIn the E-commerce business, E-Bay is a major competitor of Amazon. They are a large online store; and it is within their goals and objectives to overthrow Amazon. The CEO of E-Bay says that they are aiming at changing their tactics in a move to fight the giant (Rao, 2016). There is the move to rebrand E-Bay as a retailer store instead of an investment into technology. Thus, there is the need for Amazon to move up with speed, establish its market, and try to stay relevant to the current competition.The Buyers and Suppliers for AmazonBuyers are the target group for Amazon, and suppliers provide the products and services. In any market share, the customers are the fundamental priority, as they hold the purchasing power because the reputation of the company is based on the feedbacks of the buyers. With the current statistics, Amazon enjoys a diversified customer base with a ridiculously high purchasing power. Thus, due to their base, the company has gained a competitive edge and starts exp anding to new markets with the hope that it will mean more expansion and profit. The power that they possess, their purchasing capacities, and control over the decisions made by the company are expected to increase even further. With new markets, there is the need for new suppliers since they help determine supply patterns in the organization, and the latter are going to increase a notch higher.Key Success Factors of AmazonThe success story of Amazon is based on both internal and external factors (Uzair, n.d.). It all starts with the management, all the way to the customer base, technology infrastructure, and operational policies. One of the factors that have indeed contributed to the success story of Amazon is the emergent of new markets, such as those in Asia. They have provided a new investment platform for Amazon (Pratap, 2017) and enabled the globalization dream for the company to become a reality. Thus, the organization has tapped into the opportunity and expanded beyond its b orders.The Opportunities and ThreatsCurrently, Amazon has the opportunity to grow on a global scale, but it is not without a myriad of threats. In a mixed-up list, the following are some of...