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

Knowledge management cycles and Models: (7.5 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)

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)

•  a. Which transformations would prove to be the most difficult? Why? (0.5 Mark)
•  b. Which transformation would prove to be fairly easy? Why? (0.5 Mark)

References:(2 Marks). 0 Mark for No references, Less than 5 References (1 Mark) More than 5 references 2 Marks.