10/16/2015

IMPORTANCE KNOWLEDGE MANAGEMENT AND INNOVATIONS FOR THE FASHION INDUSTRY

Creating a brand and success comes largely as a result of innovation. While competitive advantage can arise as a consequence of the size of the company or disposition of resources, more and more dominant position in the market occupied by companies that are able to mobilize knowledge, technology skills and experience to constantly create new products, and processes and services. The presented conceptualization of knowledge management is based on the need for synergy between the capabilities of advanced information technologies and human creativity and innovation to realize goals in turbulent business environment. We can say that the knowledge management is the mental, behavioural and cultural shift from the old adage ‘knowledge is power’ to the new mindset ‘sharing knowledge is power’.

8/29/2015

STANDARDIZATION OF WORK

Standardization of work is a sensitive area of management activity, so mistakes are very common to occur. The risk of error is twofold: if the standards are set too low and if they are set high. In both cases the work efficiency is being lost.

Standardization of work and determining of standards are carried out through seven steps: