Conceptual Framework: (5 Marks) The introduction part must clearly highlight the concept of knowledge and how is it different from Data, and Information.

• Conceptual Framework: (5 Marks)
  • 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.
• Knowledge management cycle: ( 5 Marks)

Introduction:

(Provide minimum 3 references to support your answer.)

• 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., tacit and explicit) are transformed in the Nonaka and Takeuchi knowledge spiral model of KM.
• How is the Wiig KM model related to the Nonaka and Takeuchi model? In what important ways do they differ?

(Support each part of the assignment with Proper references)