(Wireless)
We shall now discuss the organization function of management as it relates to knowledge. Verizon's presence in the knowledge domain is equally superior. As per a latest report, Southern Illinois University Carbondale will expand its endeavor to bring students, faculty and the community up to speed in the world of e-commerce. Verizon has been funding this venture. Executives representing Verizon and the University declared the $75,000 grant at the SIUC's student Centre. The SIUC's College of Business and Administration will utilize the money to grow the endeavor that started during 1999 with a $50,000 grant from GTE, Verizon's predecessor. The funding for the second phase has been given by the Verizon Foundation that is the philanthropic wing of the company. This fresh grant will back the growth/promotion of the e-commerce syllabus in the masters of business administration program; increase Verizon e-commerce fellowship, assist in financing the faculty externships and student internships; build Verizon Knowledge Competitions in case of elementary school students and intensify the Verizon e-commerce lecture/seminar series. (Verizon Grant boosts SIUC's e-commerce program)
Now it needs to be seen as to whether or not Verizon has optimized these organizational resources for effectiveness and efficiency. In the opinion of SIUC Chancellor Walter V. Wendler, Verizon's funding in this knowledge arena is going to give good returns for a lot of years. According to him these funds will assist in helping their faculty members become experts in the important sphere of the business fraternity, implying that they can better build their students for what they will encounter after graduation. This grant will also allow them in expansion of their efforts in an additional area of crucial importance. The institution place Verizon's ongoing confidence in SIUC. According to James R. Hargrave, Verizon's Assistant Vice President for Public Policy and External Affairs for Illinois, they have been extremely pleased with the leadership responsibility which the Southern Illinois University Carbondale has discharged and also as a catalyst for community and economic development...
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