Knowledge management -- Effect on innovation, Business enterprises, Technological innovations
There are many organizations that emphasize Knowledge Management as their strategy to stay ahead in the market. These organizations stay ahead of the curve by leveraging knowledge collected from past experiences in order to customize solutions for their customers. The objective of this paper is to investigate the extent to which Knowledge Management plays a role in the process of innovation for new products or processes. Analyzing the organization in terms of its design and capability to process information and knowledge dynamically with the changing environment efficiently constitutes an important approach to interpreting certain aspects of organizational activities . Knowledge Management has been successfully adopted in many industries such as information technology to retail firms, from manufacturing to health industry. Its wide adoption can be gauged by the fact that it is quite common to refer to the current economy as being a knowledge based economy. There is a lot of available literature on the relation between Knowledge Management and Innovation. This paper will attempt to use this available literature to try to establish an association between Knowledge Management in Organizations and its relation to the process of innovation.
Jeena, Niharika, "Knowledge Management in an Organization: Does it Improve Innovation?" (2012). Engineering and Technology Management Student Projects. 511.