e-business requires instant decision-**and km (knowledge management) has a tremendous role to play in achieving this as well as quality feedback.real-time business without proper knowledge and feedback information quickly turns into real-time unsupervised and valueless chaos lack of adequate knowledge flow and coherent (coherent) real-time views of a situation inevitably lead to disastrous consequences. the infamous barings bank operated a real-time futures business without real-time checks and balances, and did not ensure adequate quality of knowledge flows from the trading floor to controllers and managers. it was too-much-too-fast coupled with too-little-quality-feedback and insufficient understanding, there was too little real-time knowledge at hand and it turned out a spectacular disaster.
the missing link was km.No serious e-business effort should be undertaken without considering, planning and implementing a strong km infrastructure (infrastructure). real-time knowledge must flow from those who h**e it to those who must be able to make the right move at the right time. and there is not time to spare. e-businesses must be equipped with interactive workflow tools and real-time business intelligence feedback in a clear and understandable format. people involved must h**e access to all underlying documents at all times at a snap of their fingers. otherwise they will guess rather than make informed decisions. or worse, in fear of **a huge mistake, people will make no decisions at all.
take a home loan application process for example. you would most likely apply to a number of banks at the same time. they would obviously compete on pricing, but the bank that can make your credit assessment first and most effectively, process the documentation and inform you on the progress every step of the way will get your business. the rest may be stuck with less demanding, more risk-prone customers. this may affect their overall profitability, and ability to compete on price and service in the future. it could put them out of business altogether. so is there a link between e-business and km? i surely think so.
1. by saying the first sentence, the author means that __
a) knowledge management is important for **quick decisions
b) knowledge management is an essential element for e-business and quality feedback
c) quality feedback cannot be achieved without knowledge management
d) quality feedback can influence quick decision-**and knowledge management
2. one can succeed in e-business if he gets __
a) support from the government and sufficient knowledge flow
b) sufficient knowledge flow and accurate views of the situation
c) qualified managers and accurate views of the situation
d) loan from the bank and support from the government
3. which of the following is not the factor that makes the barings bank fail?
a) lack of knowledge flow. b) insufficient quality feedback.
c) too little understanding. d) incapable controllers and managers.
4. some managers do not make decisions because __
a) they are not provided with sufficient information
b) they do not want to shoulder the responsibilities
c) they want to discuss with other colleagues first
d) they only h**e limited rights in their company
5. when you apply for a home loan, you tend to choose a bank which __
a) offers the lowest interest
b) gives you a first-rate credit assessment
c) will keep you informed of the on-goings in the process
d) is big and famous
Refer to the translation
1] E-commerce requires split-second decision-making, and knowledge management plays a pivotal role in achieving this goal. Without the right knowledge and feedback, real-time commerce can quickly degenerate into unregulated, worthless, real-time chaos. [2] The lack of an adequate flow of knowledge, the lack of coherent real-time observation of the situation, inevitably leads to catastrophic consequences. The notorious Bank of Bahrain operates a real-time** transaction without real-time checking and settlement,[3] and does not guarantee a sufficient quality of knowledge from the trading platform to managers and operators. Too much too fast, too little quality feedback and not enough understanding, too little real-time knowledge, and the result is a huge disaster.
The missing link is knowledge management. E-commerce in the true sense of the word should not take place without a solid infrastructure for knowledge management that is not considered, planned and established. Real-time knowledge must flow from the owner to the person who must take the right action at the right time, and that is urgent. E-commerce must be equipped with interactive workflow tools and real-time business knowledge feedback in a clear, understandable way. [4] Those who conduct e-commerce must have access to all the basic documents at all times, otherwise they will be left to guess and not be able to make educated decisions. Or, worse still, simply not make a decision for fear of making a big mistake.
Take, for example, the application process for a home loan. There is a good chance that you will apply to several banks at the same time. Of course, they will compete,[5] and you will only close a deal with a bank if it is the first and most effective in assessing your credit profile, preparing documents and keeping you informed of the progress of each step. Other banks are left to guard customers who are less demanding and more adventurous. This may affect their overall margins and their ability to compete for ** and services in the future. This may exclude them from the business altogether. So, is there a connection between e-commerce and knowledge management? I'm sure there is.
High-frequency vocabulary
instant a.Immediate decision-**nMake decisions.
tremendous a.Huge feedback nFeedback.
real-time a.Real-time unsupervised aUnsupervised.
valueless n.Worthless chaos nState of chaos.
adequate a.Enough inevitably adInevitably.
disastrous a.Disastrous consequence nOutcome.
infamous a.The infamous checks and balances.
ensure vt.Make sure that insufficient aInadequate.
Turn out The result is spectacular AStriking.
undertake v.Start doing it, engage in implement vtFulfill.
be equipped with Interactive Ainteractive.
format n.Style h**e access to have access to access.
underlying a.Potential credit assessment.
process vt.Deal with Prone A(to) easy to ......Target.
overall a.Overall profitability nProfitability.
Question Analysis
1. [a] [PositioningNavigate directly to the first sentence according to the stem.
ExplainedWord meaning inference questions. This question tests the comprehension of sentence 1, and the key to solving the problem is to understand what this means and what the two juxtaposed components of the connection are as well as. This should refer to the constituent of the Instant Decision-**as well as well as above, which can be used in two ways: it can mean that Instant Decision ** is juxtaposed with Quality Feedback, or it can mean that Knowledge Management and Quality Feedback are juxtaposed. Combined with the next sentence, it can be discerned that knowledge management is listed alongside quality feedback, which is the factor that affects the success of e-business. If you can straighten out the parts of the sentence, you can see that only option A is the correct understanding.
2. [b] [PositioningNavigate to paragraph 1 according to the stem and the content of each option.
ExplainedReasoning True/False Questions. The whole paragraph 1 dealt with that issue, and it could be inferred from the third sentence that the answer should be option B. Support from the Government in option A is not mentioned in the original text; Managers in option C are mentioned, but the article does not emphasize their importance; Loan from the Bank in option D is an example used in this article.
3. [d] [PositioningNavigate to paragraph 1 according to The Barings Bank in the stem.
ExplainedFactual detail questions. This question examines the list of places. From paragraph 1 to the bottom of paragraph 2Three sentences can identify several reasons for the bank's failure: lack of knowledge flow (option A); Too Little Quality Feedback (option B); Insufficient understanding (option C). The controllers and managers in option D are mentioned in the text, but they do not evaluate their abilities, so they are the correct options (note the not in the stem).
4. [a] [PositioningNavigate to paragraph 2 based on some managers do not make decisions in the stem.
ExplainedReasoning True/False Questions. Paragraph 2 emphasizes the importance of information management, and the last three sentences indicate that the answer to this question should be A. The most intrusive option in this question is B, the last sentence of paragraph 2 indicates that they are afraid of making the wrong decision, but does not mean that they are unwilling to take responsibility.
5. [c] [PositioningLocate to the last paragraph according to Apply for a Home Loan in the stem.
ExplainedFactual detail questions. This question tests the comprehension of compound sentences. The third sentence of the last paragraph of this article contains a definite clause, the preceding word is bank, and the subsequent definite clause indicates what characteristics of the bank you choose. The most intrusive thing about this question is option B, in fact, first-rate credit assessment means first-level credit assessment, which is not the same as make your credit assessment first in the original sentence, and the first in the original text means "first", regardless of the level. The competition for option a** is also mentioned, but the author does not emphasize this. Option D was not mentioned in the text.
Difficult sentence analysis
1. e-business requires instant decision-**and km (knowledge management) has a tremendous role to play in achieving this as well as quality feedback.(Question 1 Solution).
Analysis] This sentence is a parallel sentence connected by and, and the trunk is e-business requires instant decision-**and km....has a tremendous role。play a role in...It means "in ......role-playing". The demonstrative pronoun this refers to instant decision-**
2. they would obviously compete on pricing, but the bank that can make your credit assessment first and most effectively, process the documentation and inform you on the progress every step of the way will get your business.(Question 5 solution).
Analysis] This sentence is a parallel sentence connected by but, and the main clause is they would....compete...but the bank...will get your business。that…Every step of the way is a definite clause that guides and modifies the antecedent bank. In the clause, make your credit assessment, process the documentation and inform you....For three juxtaposed verb-object structures, specify what kind of bank will make a deal with you.
**10,000 Fans Incentive Plan