Discovering knowledge in organizational contexts: the importance of a knowledge audit

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Author: Tony Darcy Date: 16th of May 2022 Introduction According to Ragsdell et al. (2014) “Knowledge audits assist organisations in understanding what knowledge is needed, available and used for their current activities. They also identify knowledge gaps that might limit the organisation’s activities”. The aim of this report is to demonstrate the value of a…

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Considerations When Deciding Whether a Business Should Outsource

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The advantages of outsourcing are already well-known, however the disadvantages of doing so are often not considered until it is too late. Therefore, it is important to consider whether outsourcing is the right option – after all, a business can always hire part-time or casual staff to do the tasks and they are likely to…

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Business, Management

The Role of Information Systems in an Organization

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Introduction According to Rialti and Marzi (2020, p. 1), modern organizations can benefit from the existence of more information than ever through the form of big data. However, although this data could allow an organization to obtain competitive advantages and improve its performance, its positive effects do not come without a burden (Rialti & Marazi…

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Information Systems

A Study of The Financial Stability of Companies on the ASX (Using the Altman formula).

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Please note this was written in September of 2019, so some of the figures might be out of date. Executive Summary This report further expands on the report written by Joubert, Garvie and Parle in 2017 by using the Altman formula (1968) to examine the financial position of companies listed on the Australian Securities Exchange…

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Was the Victorian Desalination Plant a Successful Project?

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Project Overview Background In the 2000’s, Victoria was in a drought. As shown in the graph below, Melbourne’s water storage levels reached a low of around 26% in June 2009 and water restrictions had been put in place to help preserve Victoria’s water supply (Melbourne Water c. 2010). In response to this, the Victorian Government…

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Privacy Briefing Paper

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OverviewThis briefing paper will discuss the subject of privacy. According to Cambridge University (c. 2020), privacy (in business) is “the right that someone has to keep their personal life or personal information secret or known only to a small group of people”. Personal information is “information or an opinion about an identified individual, or an…

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Mandatory Remuneration Clawback Provisions: A Brief Look into the Advantages & Disadvantages of the Australian Prudential Regulation Authority’s Proposal

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Executive Summary This submission aims to provide recommendations for APRA to consider regarding their proposal that significant financial institutions “must allow for variable remuneration to be recoverable for at least two years after the end of the deferral period, and a further two years where an individual’s circumstances are under investigation” (APRA 2019). This report…

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Business, Management

Unstructured Data: what is it, how is it being used, what is it being used for?

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Introduction It is estimated that 80% of data held by firms is unstructured (Balducci & Marinova 2018). This has led to a need process this data in order to gain a competitive advantage. Whilst this has many challenges due to AI having difficulty classifying the data, there have been many advancements to help overcome this…

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Data Mining, Technology