Answer Following question based on research paper mentioned

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Business Finance

Based on research paper :

Evaluation of the Conceptual Theories, Elements, and Processes of Knowledge Management in Modern Day Organisations

  • Summarize the historical overview of knowledge management in your own words. Support your answer with minimum two references ( 1 Mark ) (250-300 Words)
  • Why is knowledge management important? Explain the core elements of knowledge management. ( 2 Marks )

How is tacit knowledge different from explicit knowledge? 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. ( 2 Marks )