Authors
Tanimola Abiola (oladele12@gmail.com)
Tomilola Bolaji (tomilorlah@gmail.com)
What is Web 2.0?
Web 2.0 and Social Media applications enable people to collaborate, create, share and publish information.
How easy is it to identify tacit knowledge in your organization? The problem requires a cultural shift: people must understand that their knowledge/experience is not their job safety net but an asset that could help them growing. Therefore it is important that the organization set up a Knowledge Sharing Culture with the adequate incentives/recognition mechanisms. People should be encouraged to share what they know by being valued. Recognition mechanisms can be different from one organization to the other, but they are the driver.
How easy is it to identify tacit knowledge in your organization? The problem requires a cultural shift: people must understand that their knowledge/experience is not their job safety net but an asset that could help them growing. Therefore it is important that the organization set up a Knowledge Sharing Culture with the adequate incentives/recognition mechanisms. People should be encouraged to share what they know by being valued. Recognition mechanisms can be different from one organization to the other, but they are the driver.
The on going training at Bowen University, Iwo is being supported by CTA in enhancing skills of selected participants from different parts of the Country.
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| Figure 1: A Cross Section of other Participants during the group work on blogging. |
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| Figure 2: Participants of Group 2 facilitators and Coordinator of the Training |
Define value chain?
Definition: A value chain is the whole series of activities that create and build value at every step. The total value delivered by the company is the sum total of the value built up all throughout the company. Michael Porter developed this concept in his 1980 book 'Competitive Advantage'.
Description of Value Chain : The significance of the value chain: The value chain concept separates useful activities (which allow the company as a whole to gain competitive advantage) from the wasteful activities (which hinder the company from getting a lead in the market). Focusing on the value-creating activities could give the company many advantages. For example, the ability to charge higher prices; lower cost of manufacture; better brand image, faster response to threats or opportunities. Value chain can be further explained using the video
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| Figure 1. Chart showing value chain Flow |
