Ikujiro Nonaka

The objective of this report is to critically analyse the prevailing work of Nonaka & Polyani by comparing and contrasting their key strengths & weaknesses with the support of appropriate theories/frameworks of Knowledge Management. In addition, I will be addressing how knowledge management is implemented into the retail industry and the innovation development behind it. Introduction of knowledge management Knowledge management consists of leveraging intellectual assets to enhance organizational performance (Stankosky 2008). KM develops systems, processes to increase the generation of actionable and meaningful information, and seeks to enhance individual/team learning. This corresponds with Stewart, 2001 who mentions about how knowledge…

the entire team as a unit to push the ball towards the opposition’s goal. Scrum is the revolutionary innovation that can help transform how a company works, creates, plans and thinks. To be more precise, Scrum is a method of project management in agile development process and the collective responsibility of the Scrum team is to deliver a product to the customers or stakeholders, with highest business values and in a short period of time. This is achieved through what is called “Inspect and…