Discuss the concept of knowledge management. Why is knowledge management important today? Write a detailed paragraph on three generations on knowledge management.

Report-based assignment

This Assignment is a report-based assignment.

Besides other materials like journal papers, report, and research articles, students are advised to read chapter 1 to chapter 3 thoroughly from the book prescribed for this course. Students must use proper references to justify their assignment work. 

The Assignment structure is as follows:

• Introduction: (5 Marks)

• Discuss the concept of knowledge management. Why is knowledge management important today? (300-500 Words) (2.5 Mark)

• Write a detailed paragraph on three generations on knowledge management. (450-750 Words) (3 Marks)
• Describe the terms, Data, Information and Knowledge. Discuss two major types of knowledge. Compare the properties of these two major types of knowledge. (400-500 Words) (2 Mark)

Knowledge management cycles and Models: (5 Marks)

• Discuss in detail Wiig’s KM cycle. How is it different from McElroy’s KM cycle. Write minimum two points of difference. (Minimum 500 words) (2.5 Mark)

• Describe how the major types of knowledge (i.e., tacit and explicit) are transformed in the Nonaka and Takeuchi knowledge spiral model of KM. Use a concrete example to make your point (e.g., a bright idea that occurs to an individual in the organization). (2 Mark)

• Which transformations would prove to be the most difficult? Why? (0.5 Mark)

• Which transformation would prove to be fairly easy? Why? (0.5 Mark)