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Knowledge Valuation: Effect on Teamwork

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The case study:

Knowledge Valuation is a very interesting concept and a valuable element within any effect team.
How do you perceive Knowledge Valuation?
What is your overall impression; what is good or bad?

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Solution Summary

This solution is about 300 words and provides an explanation of the concept of knowledge valuation and the effect it can have on teamwork. There is also an analysis to support the opinion as to whether such valuation is healthy for a team. Additionally, this solution includes one reference for further investigation of the topic.

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There has been a societal shift in consumerism that is focused more on service orientation rather than production (Schorcht & Nissen). Organizations are driven to provide "the best" experience for the consumer; which requires an in-depth knowledge of both the wants and needs of customers. An electronics retailer may have a goal of providing customers with outstanding service, with the goal of earning referrals and repeat business. The basis of knowledge valuation is often not monetary, but ...

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