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(Mt) – MGT 403 SEU Role of Knowledge Management Cycle for Development

View attached explanation and answer. Let me know if you have any questions.In case of any issue, please don t hesitate to reach out to me.Thanks a lot and have a good day :)OUTLINE Introduction History of Knowledge Management The primary goal of Knowledge management is to improveproductivity, efficiency, and to retain crucial information withindifferent companies (Starmind, n.d). Its purpose is to share ideas, perspectives, experiences, as well asinformation that will ensure that these resources are accessible at arelevant time and place while exercising our ability to make informeddecisions (University of Alaska, n.d). Role of knowledge management Colnar et. al (2019) suggests that knowledge management can have arelatively positive impact in fulfilling important aspects in line withany ageing society, moreover, knowledge management can beinfluential for the reason that it allows employees to shift to a directionthat is more productive in general. Discussion Role of management cycle for the development of sustainableorganizations Brackett (2013) sheds light on the idea of data being in line withindividual facts that are meaningful and easily understood, whileknowledge is stored information that is understood alongside thesignificance of certain types of information. Data, information, andknowledge, in context, is challenging and lexical discipline. Data, Information, Knowledge Data, information, and knowledge, in context, is challenging andlexical discipline. To define these concepts individually, informationcan be defined as a set of relevant data in a particular period of time;knowledge is closely linked to cognition, the idea of knowingsomething with clear familiarity that are gained either throughassociation or experience; while data is a good representation ofindividual facts the same as a datum, thus it could be used as a tool torepresent a number of set facts (Brackett, 2013) Types of Knowledge management cycles There are a total of 5 knowledge management cycles that weredeveloped overtime according to Mohajan: the Zack KMC (1996), theBuckowitz and Williams KMC, the Wiig KMC, Dalkir s IntegratedKMC, and the McElroy KMC. References Brackett, M. (2013, November 19). The data information knowledgecycle. DATAVERSITY. Retrieved October 20, 2021, from Colnar, S., Dimovski, V., & Bogataj, D. (2019, November 9). KnowledgeManagement and the Sustainable Development of Social Work. Sustainability. Mohadjan, H. (2016, October 5). A comprehensive analysis of KnowledgeManagement Cycles. Retrieved October 20, 2021, from University of Alaska Office of Information Technology. (n.d.). KnowledgeManagement. PinkScan. Retrieved October 20, 2021, from What is Knowledge Management and why is it so important? Starmind.(n.d.). Retrieved October 20, 2021, fro

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