This article has been written by Marina du Plessis in 2007. The author intends to make clear the role of knowledge management in innovation as an assist to addressing this complexity and clarify the role of knowledge management in innovation as an aid to addressing this complexity. This is a viewpoint paper which is based on literature research and personal experiences and interpretation from the author. She uses the simple sentences and easy to be understood even for the first timer reader. Furthermore, the arrangement of the content is such an empirical paper that may attract readers to read the article. As the other empirical paper, this study also provides abstract that summarises the whole content of this research paper.
According to the author, Plessis (2007), the complexity of innovation has increased by growth in the amount of knowledge available to organizations as basis for innovation. This statement is agreed by other researchers, Adams and Lamont (2003); Cardinal et al., (2001); Darroch and McNaughton (2002); Pyka (2002) and Shani et al., (2003) who state that innovation is really dependent on the availability of knowledge and therefore the complexity created by the blast of richness and reach of knowledge has to be identified and managed to ensure successful innovation. Besides that, in a previous study that has been conducted by Ruggles, R. & Little R. (1997), they also have the positive opinion about knowledge management and innovation when they assert that innovation as one end to which knowledge management can be applied. Additionally, innovation has been demonstrated to be a key value creator for organizations, in both times of cost cutting and in times of growth. As such, it stands out as one excellent objectiv...
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... teams or learning-by-doing capabilities, which leads to new product and process innovations. Besides that, explicit knowledge is also an important component of innovation. Rodan (2002) in his case study asserts that if one views the confluence of tacit and explicit knowledge elements that create a new idea as probabilistic, increasing the opportunities for the said confluence of knowledge elements should raise the frequency of new combinations occurring, thus positively impacting innovation.
As a conclusion, it is clear that knowledge management plays a vital essential role in innovation. Therefore, it is very crucial for both knowledge management professional and innovation to understand the systematic relationship between these concepts and the value that it can generate in respect of creating and maintaining sustainable competitive advantage for organisation.
...resent diversity within the labor force and “each of them will also have networks of professional associates whose knowledge they can tap in order to solve problems and accomplish tasks. Needless-to-say, diverse people will have diverse networks and provide your company with a vast and diverse meta-network at your disposal” (p.1). In short, in supporting of creativity, innovators essentially need the backing from top leaders, and without that support, many initiatives may break down or die on the vine (Harvard). For any idea to be successful, it is vital that it is aligned with company strategy; there is more likely to occur naturally when top executives involve and take the lead with a idea or creativity initiative and this is a main reason why management commitment is a key factor in the accomplishment of any idea or innovation process (Baumgarther, 2010).
The management of knowledge within the context of organizational processes is a determining factor of its effectiveness and level of performance. Hislop (2013) stated, "One of the key distinctions in the knowledge management literature relates to epistemology" (p. 8). In an attempt to acquire an in-depth understanding of key aspects of knowledge management I will analyze a key organizational job position that possesses valuable experience and traits of fulfilling responsibilities. My analysis will include a description of the organization and position, a review of the perspectives and types of knowledge, as described by Hislop (2013), as they relate to the job position, and the challenges encountered in transferring
T.D. Wilson (2002) makes a point of identifying several sources of articles, references and course syllabi with varying takes on knowledge management within organizations. Wilson is convinced that organizations misuse the terminology “knowledge management” and that their activities are more concerned with managing information than with the management of knowledge (Wilson, 2002). Wilson defines knowledge as involving “the mental processes of comprehension” or, as “what we know” and information as the expression of what we know and can convey through messages (Wilson, 2002). By researching the use of the “knowledge management” Wilson conveys that the terms knowledge and information are used interchangeably, which results in an inaccurate application
The organizations should invest in knowledge management platform that can help their employees, customers and other stakeholders to quickly find the relevant information, where knowledge keeps expanding itself through collaboration, co-creation and insights. This will enhance the overall customer experience because CUSTOMER IS THE KING.
(106) 'Knowledge management means using the ideas and experience of employees, customers and suppliers to improve the organisation’s performance. ' (5) Knowledge management (KM) is best when 'it is in alignment with organizational culture, structure and strategy ' (5). For this reason, the aim of this briefing document is to advise Santander on solutions to potential KM barriers employees may face by discussing three key barriers- culture, technology and leadership.
Knowledge management is a set of proactive activities to support the organization in the creation, absorption and diffusion of knowledge and its application. Knowledge management is continuing to understand the knowledge needs of the organization process, and place of knowledge, and how to improve knowledge.
With today’s rate of development in technology, there has also been an immense increase in global information sharing. Innovations in technology and design seem to be emerging in the market almost every month. One of the key aspects of any business is to gather, organize and efficiently apply this information. According to Antonic (2005), economic assets are fast becoming of secondary importance in the market as companies ascribe more importance to intellectual capital. With the right application of Knowledge Management methods, companies can achieve a competitive advantage through managing the immense amount of information available (Balanced Scorecard Institute, 2002).
Pasher, E., & Ronen, T. (2011). The complete guide to knowledge management: A strategic plan to leverage your company 's intellectual capital. Hoboken, N.J: John Wiley & Sons.
Kelley,T. (2005, Oct.). The 10 faces of innovation. Fast Company, 74-77. Retrieved 6th March’ 2014 from http://web.ebscohost.com/ehost/detail?vid=9&sid=1d6a17b7-c5f7-4f00-bea4 db1d84cbef55%40sessionmgr10&hid=28&bdata=JnNpdGU9ZWhvc3QtbGl2ZSZzY29wZT1zaXRl#db=bth&AN=18386009
Effective knowledge transfer through a conversion of tacit knowledge to explicit knowledge can build a sustainable capacity to innovate within an organization and gain an external competitive advantage.
The increased awareness of innovation in both organizational context and academical area has led to the incremental attention of literature on the subject of innovation which generated a different and multiple definitions of this concept from diverse perspectives and contexts. Indeed, innovation generally refers to the creation and generation of new ideas, processes products, services and new ways of marketing or improving existing ones in order to gain added-value, obtain competitive advantage and reaching more effectiveness, efficiency and productivity to optimize the organizational performance. Innovation has been defined from different perspectives and studied in many disciplines (Damanpour and Schneider, 2006).
Knowledge management and innovation are interconnected. Good knowledge must be codified, combined and shared in order to achieve innovation. “Innovation distinguishes between a leader and a follower”, a quote made by Steve Job. Indeed, successful and unique innovation allows organization to stay ahead of competition, and allow them to be the market leader to shape the future of the industry. However, organization that fail to innovate will lose ground to competitors and can only be a follower in the industry trend. Innovation allows organization to discover existing and future opportunities that meet current customer’s need and future demand rapidly and effectively as technologies, markets or trends shift. Innovation focus on
1).Innovation Management:Innovation Management is the form of looking into future, of being creative, imaginative .It is used in the growth of product and also organizational innovation. It also includes tools which allows higher management & engineers to communicate with basic understanding of goals and its processes .Its main focus is to allow the organization to react quickly occurring within an organization, using its efforts to implement new ideas or its products. It also involves persons in contributing to the development of the companies manufacturing and also its marketing. Through development also innovation process can be done. There are two types of process involved in innovation management one is pulled and the other is pushed. Pushed process is the one in which the organization uses its technology to discover profitable applications. Pulled process is the one in which the focus is mainly in developing the efforts to find the solutions. There are two phases in innovation management .First phase includes design of the innovation and second phase includes the implementation. Internal bench marking can be established to measure the innovation. Managers should focus on ones attention on innovation cause to be necessary to infer something from information received on the complexity.
Knowledge management is one of the emerging fields in the research world today. Knowledge Management has gained a lot of attention in the developed world but has attracted a little
Innovation may be defined as exploiting new ideas leading to the creation of a new product, process or service. It is not just the invention of a new idea that is important, but it is actually