International Journal of Applied Management (ISSN: 1742-2590) Volume 1 Issue 2
Andrew L S Goh
Recent PhD graduate of Birkbeck College, University of London, United Kingdom.
Given the active role(s) played by knowledge-intensive activities in business, the field of knowledge management (KM) has emerged strongly as the next likely source of competitive advantage. However, as to how KM practices can contribute to innovation management (IM) has yet to be firmly established. This article describes the contribution made by KM practices to business, and highlights the emergence of knowledge innovation (KI) as a competitive tool to enhance business performance. It also explains how ‘information revolution’ has shifted towards ‘knowledge revolution’ to enable innovation processes wherein various forms of knowledge assets are absorbed, assimilated, shared and utilised with the objective of creating knowledge innovation. It further proposes an integrated management framework for knowledge innovation, consisting of knowledge-centred principles, knowledge-sharing infrastructures and knowledge-based initiatives. Finally, it outlines the future challenges for organisations to fully exploit the benefits of knowledge innovation.
Knowledge innovation (KI), knowledge management (KM), innovation management (IM), knowledge-centred principles, knowledge-sharing infrastructures, knowledge-based initiatives, competitive advantage, information and communication technologies (ICT), and the Internet.