Recognize the overall knowledge management processes, concepts

After completion of Assignment-1 students will be able to:
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.
L.O 1.3 Define the different Knowledge types and explain how they are addressed by knowledge management in different business environments.
Assignment Questions:(10 Marks)
This Assignment is a report-based assignment.
Besides other materials like journal papers, report, and research articles, students are advised to read chapter 1, chapter 2 and 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) Explain the concept of knowledge management. (1 Mark)
Write a paragraph highlighting the evolution of knowledge management and how knowledge management can help the organisation in present day competitive world. (3 Marks)
How is tacit knowledge different from explicit knowledge? Why is it important for the organisation to capture both Tacit as well as explicit knowledge? (1 Mark)

Knowledge management cycles and Models: ( 5 Marks
Discuss in detail Bukowitz and Williams KM cycle. (1 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? (1 Mark)
b. Which transformation would prove to be fairly easy? Why? (1 Mark)