Internal Analysis Eu Yan Sang

Key Internal issues: Key internal issues are also analyzed under the internal analysis of the firm Assignment Helpto attain the organizational goals and objectives.In this, various issues are assessed those have impact on the organizational growth and success along with strategies of the organization. In this, key issues related to poor quality of the products are founded under the internal analysis of the firm. In this, issues related to poor hygiene factors are also faced by the firm currently that has negative impact on the business (Corporate report, 2000).

Poor management support is also included in the issues of the firm those are faced by the organization internally. It also affects the organizational success and management in positive and negative manner. In this, management of the Eu Yan Sang is not so effective due to lack of new hiring.Homework Help Traditional approach is followed under the management of the firm that has negative impact on the organizational growth and success (The Mark of Excellence: Eu Yan Sang International Ltd Annual report 2010, 2010).

In addition, issues related to social support and poor material relationship are also faced by the firm to run its business in the competitive market. It is damaging image and growth of the firm negatively in the international market (Corporate report, 2000). Along with this, level of debt is also included in the issues of the firm those are relevant with the organizational growth and goals and objectives.Assignment Writing At the same time, level of debt of the firm is decreasing from the last year that is a positive sign that indicates to the success of the firm (Zastrow & Kirst-Ashman, 2009).

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Use of Data to Reduce Variation in Process

Assignment Help Experts New Blog Post - Data used in the process is quite important to the statisticians, quality managers, Six Sigma Green and Black belts and other improvement professionals that have participated in the process. Organizations might use data within internal environment for reducing variation in the process.Assignment HelpIt might use data with fundamental concept of algorithm that is helpful to reduce variation through step by step procedure. Algorithm increases knowledge about how a process acts and behaves as a cost effective change that is significant to reduce variation (Scholtes, Joiner & Streibel, 2003). The collected data is used by the organization to define new system. An effective data sharing is useful to share data within the organization that reduces variations in different organizational processes.

At the same time, the organization might use data for statistical thinking with the help of statistical process control that reduces process variability.Homework HelpThe data can be used for making chart for the organizational system and quality parameters. Reduction in process variation is quite important for the organization to improve quality system and performance and to meet customers’ expectation (Kaira, 2011). Six Sigma approach is a statistical technique that measures variation through using data for a process. Statistical thinking is significant due to its three key elements that include process variation, source of variation and use of data etc.

From the reduction in process variation, the result will not be in terms of yield. It is because; yield is the amount that returns the security of owners. In addition, Yield does not contain the price variation, if there is difference between total returns.Assignment WritingIt is the return of investment such as interest and dividend, but does not reduce the variation in the process (Bhunia & Mukhopadhyay, 2010). Generally, it is carried on the basis of percentages on cost of investment. By reducing the process, the results are not considered as yield, but results affect the yield.

References
Bhunia, S. & Mukhopadhyay, S. (2010). Low-Power Variation-Tolerant Design in Nanometer Silicon. USA: Springer.
Kaira, J. (2011). Medical Errors and Patient Safety: Strategies to Reduce and Disclose Medical Errors and Improve Patient Safety. Germany: Walter de Gruyter.
Scholtes, P.R., Joiner, B.L. & Streibel, B.J. (2003). The Team Handbook. (3rd ed.). Oriel Incorporated.

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Opportunity Identification for Knowledge Management System

There is a huge opportunity for Nokia to make more effective and useful knowledge management system to manage their tacit knowledge in order to improve their business strategies and goals in domestic as well as in international market. In today’s competitive world, Nokia faces challenges from different companies; knowledge management system can help the company to improve their basic knowledge and skill in order to compete with the other organization in the market (Liyanage, Wink and Nordberg 2007).

In the future, company has the opportunity to change its culture in order to share the knowledge about process and product development among the employees and management level executives. It can help Nokia to create a knowledge sharing company by designing a flat, networked, global and multi-culture organization. That can help company to grow in the international market and also helpful in increase in speed, flexibility and opportunity to create more innovation in R&D and development of products. Nokia can also use knowledge management system to motivate employees and management level executives in terms of creating, sharing and reusing knowledge of employees (Mylonopoulos 2004).

In order to manage tacit knowledge of Nokia, knowledge management system can use in develop the understanding about customers needs and demand in the market.Assignment Help It can also helpful to produce products and services according them. Implementation of knowledge management system can create the opportunity for Nokia to take full advantages of the differentiation of products and services. It can also helpful to cover large market share in short time and also helpful to compete in the market. An effective knowledge management system can also be helpful for Nokia to share common vision among the employees and executive level employees (Liyanage, Wink and Nordberg 2007). It can be helpful for the company to improve their performance and also helpful to communicate with other employees in the organization.

Nokia has a good opportunity to establish more effective information and knowledge management activities in the production and processes that help company to create more sustainable competitive environment in the market and also helpful to motivate employees to achieve performance and business strategy in the future.Assignment WritingKnowledge management system also has an opportunity in Nokia to increase the knowledge of employees to understand the tastes of local people and customers regarding products and services in the local market.Homework HelpIt helps company to develop their local skills and knowledge and also helpful to create trust between employees to share their knowledge with each other (Mylonopoulos 2004). In order to manage Nokia’s tacit knowledge in effective manner, knowledge management system can helpful to the employees to share a common vision and create interest in producing good products through innovation and improvisation.

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