By Kate Le Grand at September 30 2018 20:43:54
Multiple inputs to the process exist : Some of them would be competition, lifecycle stage of the market, brand image, budget, etc... ; Complex decisions are made : There are many possible ways to achieve the process objectives (reach planned sales, leverage brand image, etc...) ; Each decision implies different levels of risk and potential benefits : It is the responsibility of the worker to choose the best one (low price strategy, aggressive advertising campaign, etc...) ; There are three main characteristics that make knowledge processes different from highly structured processes: Focus is on communication instead of automation.
Knowledge workers carry out these processes by taking into account multiple inputs (generally a wide set of unstructured data and information) to perform difficult tasks and make complex decisions among multiple possible ways of doing the work, each one implying different levels of risk and possible benefits. They are dependent on individuals and it is not possible to automate them. One example of a knowledge process is "Marketing a new product". The same steps are followed each time a new product is launched (benchmarking competitors, deciding pricing strategy, planning promotion, etc...), but it is the experience, knowledge and intuition of the people that drive the process to success.
It will show you how the plan is going to work and what the amount of money will be once you come to your retirement age. If you own a computer you can buy special software that does this perfectly and will draw the graphics on the screen after you answered all of the questions. Getting some tips : Some of the tips that you should keep in mind are the following. Always be prepared, start with your planning as early as possible and put some money aside even if you are not sure about which plan you are going to take. Some people who start with the planning process sometime wish they had started in their teenage years. This might seem laughable to you but the idea itself is not so strange. The younger you start the more you will ens up at the end of the ride.
After deciding on the points you want to make in your upcoming presentation, you need to figure out how to support those points. For example, if your point is that your company has the largest market share in the industry, quote the research (hopefully done by a third party) that says so. This applies to both business presentations and educational presentations. The support you provide for your message is essential for an effective presentation.