Assignment Purposes/Learning Outcomes: After completion of Assignment-1 students

Assignment Purposes/Learning Outcomes:
After completion of Assignment-1 students will be able to understand the
LO 1.1: Recognize the overall knowledge management processes, concepts, goals and strategies within the context of organization.
LO 1.2: Describe how valuable individual, group and organizational knowledge is managed throughout the knowledge management cycle.
Assignment Questions: (10 Marks)
This Assignment is a report-based assignment. Read chapter 1, 2 and 3 thoroughly to answer the Assignment questions.
The Assignment structure is as follows:
A. Conceptual Framework: (5 Marks)
Introduction:
➢ The introduction part must clearly highlight the concept of knowledge and how is it different from Data, and Information.
➢ Briefly describe the term knowledge management. Explain two basic types of knowledge.
➢ Why is Knowledge management in present day organisations.
(Provide minimum 3 references to support your answer.)
B. Knowledge management cycle: ( 5 Marks)
➢ Discuss in detail the Meyer and Zack knowledge management cycle and Bukowitz and Williams knowledge management cycle.
➢ Describe how the major types of knowledge (i.e., tacitand explicit) are transformedin the Nonaka and Takeuchi knowledge spiral model of KM.
➢ How is the Wiig KM model related to the Nonaka and Takeuchi model? In whatimportant ways do they differ?
(Support each part of the assignment with Proper references)