An Effective Way to Exploit the Knowledge Within an Organization

question 21

Multiple Choice

An effective way to exploit the knowledge within an organization with a high complexity of market knowledge and a high complexity of technological knowledge is:

• A) Move information about the technology to where the market is
• B) Exchange information
• C) Move information about the market to where the technology is
• D) Move knowledge by rotating people by temporary co-location

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Definitions:

Incentive Compensation Systems

Payment programs designed to motivate employees' performance by aligning their incentives with the organization's goals, typically through bonuses, profit sharing, or stock options.

Work Motivation

The drive or incentive that pushes individuals to attain work-related goals or engage in work tasks.

Gain-sharing Plan

is a system in which employees receive a share of the profits based on the performance of their company or department, intended to increase productivity and align employees' interests with those of the organization.

Performance Contributions

Efforts or inputs by employees that contribute positively to the goals and success of an organization.