Introduction BAM Hiring Chef ESN Budget Formation Tracy, A, John, 2009,‟How to read a Financial Report‟, ‘Books values of fixed assets’ , page - 50, John Willey and sons.Inc., Canada. Tracy, A, John, 2009,‟How to read a Financial Report‟, Exhibit -N’ , page -150, John Willey and sons.Inc., Canada. Meredith, G.G, 1988, ‘Establishing and Managing Anew Accounting Practice’, ‘Feasibility Study ‟, p-16,Longman Cheshire Pyt Limited, Malaysia. Meredith, G.G, 1988, ‘Establishing and Managing Anew Accounting Practice’, ‘Cost Analysis‟, p-18,Longman Cheshire Pyt Limited, Malaysia. Dalkir, Kimiz, 2005, „Knowledge Management in theory and practice‟, ‘Knowledge Capture and creation tools’, p- 224, Elsevier – Butterworth –Heinemann, Unites States of America. Hawryszkiewycz, I 2010, KNOWLEDGE MANAGEMENT ORGANIZING KNOWLEDGE BASED ENTERPRISES’, ‘Tacit and Explicit Knowldge’,p- 73 Palgrave MACMILLAN’, United Kingdom. Taj Hotels Resorts and Palaces, Company introduction, n.d.http://www.tajhotels.com/About- Taj/Company-Information/Default.html, Accessed on 3rd November 2011 Taj Hotels Resorts and Palaces, Financial Reports, Quarterly, n.d. http://www.tajhotels.com/About-Taj/Investor-Relations/Financial-Reports-2011-12.html, Accessed on 3rd November 2011 ESN Hiring Chef Innovation There are two processes involved in this poster. Firstly, the making of the budget for next year for Taj Blue Sydney. Secondly, hiring a head chef for the hotel. In the first process the end result is the final budget which abides by all the legislations. The result of the second process is the employment of a qualified and suitable chef. In both these processes many staff members are involved. The diagrams below represents the activities and the people involved in the processes at Taj Blue Sydney. Innovation (process related) The innovation that is suggested is in the process of hiring. The current process of hiring a chef is individual interviews for all the candidates. This is a very time consuming process for the management. The new innovation can be making different rounds for interview. The first round can be group discussion round where all the candidates participate in a group discussion . The second round can be a debate. An important thing to be noted here is that only the participants that clear the first round can go to the second round and so on and so forth. The third round can be the written examination round. The last and the final round can be the personal interview round. Business Value Creating the rounds can prove to be of immense business value and will save time of the managers and the other authorities that are involved in the hiring process. This works by elimination process. Every round many candidates gets eliminated and in the last round only few candidates are left to be personally interviewed. The time that the management and the other staff members save from here can be efficiently utilized for more important issues. BAM Budget Formation Technology choices Using asynchronous technology to communicate with the applicant such as emailReason: applicants typically are not close to the company where they applied or even from another country. Therefore, due to the geographical distance, context and time zone differences, email helps company in contacting easily candidates from everywhere and anytime. In the recruiting process, there is normally a long waiting list of applicants. Hence, when recruiter uses email to interact that can be helpful in shorting or searching easily the long list of candidate. Using asynchronous technology to communicate with the applicant such as email. Reason: applicants typically are not close to the company where they applied or even from another country. Therefore, due to the geographical distance, context and time zone differences, email helps company in contacting easily candidates from everywhere and anytime. In the recruiting process, there is normally a long waiting list of applicants. Hence, when recruiter uses email to interact that can be helpful in shorting or searching easily the long list of candidate. Using wikis to manage the economic knowledge. Reason: The knowledge can be updated by users from time to time. This can be done in real time i.e. the knowledge can be updated and will be shown on wiki the next second. This is highly beneficial because it ensures validation of knowledge. This technology helps to avoid transfer and attachment of documents through the e-mail lists. This is highly beneficial for huge companies like Taj as it minimizes the extra work. It is a simple and an easy to use technology. Manage salary consideration knowledge via “Content Management Tools”. Reason: Based on the massive ability in the manipulation content lifespan, using content management tools (CMS) is highly convenient to illustrate the metadata information such as report, source, author or date created. Using content management tools that can be able to store and backup the content permanently to prevent any lost data situation References
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