BHP Group Limited

BHP Group Limited was formerly known as BHO Billiton, which is an Anglo-Australian multinational company that deals with the business like- mining, metals and petroleum. It has a headquarter in Melbourne, Australia.

In current scenario, it is ranked as the world's largest mining company with the help of the strategies and planning.

Ans 2.

Here, this company has used the knowledge management approach for the systematic planning of the strategic for the advantage of the company. Knowledge management is defined as the systematic approach for capturing as well as making the use of all the expertise for the creation of the value of the business. The potential advantages of the knowledge management are very important for the business process by considering the challenges.

There are number of ways for the strategic advantage of BHP by the knowledge management system, which includes:-

1) Creation of the better products of the mining.

2) Developing effective strategies such as - intensive growth strategies, focus strategy, differentiation, etc.,.

3) Improving profitability of the company.

4) Reuse of an existing expertise as well as skills as mining of the products requires more knowledge as existing methods.

5) Increase in the operational efficiency as well as the productivity of the staff.

6) Recognising the trends of the market (current) in order to sustain in the market and advantage over the rivals. such as - market penetration strategy, product development with updated technology, market development, etc.,.

7) Benchmark against the competitors, the company makes the product differentiation strategy, etc.,.

8) Collective intellectual capital or funds such as - diversification of the funds.

Ans 3. Identification of the knowledge management advantage are:-

1) Improvement in an organizational agility.

2) Better as well as quick decision making.

3) Fast problem solver.

4) Increase in the rate of the innovation in the company.

5) The company gets more support from their employees that leads to more growth and development.

6) Sharing an special expertise.

7) Better communication.

8) Improvement in the processes of the business.

These are potential advantage of the knowledge management for the BHP

Can you please help me describe The ways for the strategic advantage of BHP point.

And also Identification of the knowledge management advantage describe the point plz