The goal of managing knowledge is to enhance an organisation's efficiency and save knowledge within the company. Knowledge management is an essential and conscious process within modern organisations. Describe two different types of knowledge and their implications for a competitive advantage.  Describe and evaluate common strategies for managing and sharing knowledge within contemporary organisations.

Explain how the information management strategy relates to the organization strategy, information system strategy, and IT strategy of an organization.

The business environment is a complex and dynamic system that encompasses a multitude of factors influencing the operations, strategies, and success of an organization. It comprises both internal and external elements that shape the way businesses operate and make decisions. Internally, factors such as organizational culture, structure, and resources play a crucial role in defining the company's capabilities and limitations. On the external front, economic conditions, technological advancements, legal and regulatory frameworks, socio-cultural trends, and the competitive landscape all contribute to the overall business environment.   In the ever-evolving global marketplace, businesses must constantly adapt to changes in the environment to remain competitive and sustainable. Economic fluctuations, for instance, can impact consumer spending patterns and demand for products or services. Technological advancements may create new opportunities for innovation but also pose challenges for…

Critically discuss how innovation can help organisations achieve and sustain their competitive advantage. Use examples from different theorists and examples from the business practice