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Can you help me understand this Management question?Assignment 1.This Assignment is based on the Material covered in week 2 to week 4.The focus of the assignment is to evaluate the understanding level of students related to basic concepts of knowledge management. Students are required to:Read the material covered in week 2 to week 4 thoroughly from book as well as other sources. Based on your readings answer the following questions. Assignment QuestionsQuestion 1:Explain the concept of Knowledge management. Discuss the role of knowledge management in present day organizations. (1 Mark)Question 2: a.Describe how the major types of knowledge are transformed in the Nonaka and Takeuchi knowledge spiral model of KM. Use a concrete example to make your point. (1 Mark)b.Which transformations would prove to be the most difficult? Why? (0.5 Mark)c.Which transformation would prove to be easy? Why? (0.5 Mark)d.What other key factors would influence how well the knowledge spiral model worked within a given organization? (0.5 Mark)Question 3:a.In what ways is the Choo and Weick KM model similar to the Nonaka and Takeuchi KM model? In what ways do they differ? (1 Mark)Why is it difficult to directly codify tacit knowledge? (0.5 Mark)
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