The impact of knowledge on innovation management

The impact of knowledge on innovation management

Knowledge management is crucial to the success of an organization in today's constantly changing environment. It is the creation, exchange, and application of new ideas into products and services, leading to innovation. There are four types of knowledge - explicit, tacit, market, and technological - that are essential to innovation management. Explicit knowledge is easily accessible and transferable, while tacit knowledge is personal and hard to articulate. Market knowledge provides valuable customer feedback, and technological knowledge is difficult to copy. Proper knowledge management that is linked and interconnected to innovation management contributes to an organization's innovation capabilities and long-term success.

View

More Innovation Resources:

5 concrete steps to creating an innovation culture

5 concrete steps to creating an innovation culture

To cultivate an innovative culture, create an idea network by connecting with diverse people and ideas, expand your prospective by finding new perspectives, nurture and remember those ideas, and align with organizational values that encourage open communication and diversity.

View
Creative Problem Solving Workshops at Innovation Training

Creative Problem Solving Workshops at Innovation Training

Discover the benefits of a creative problem-solving workshop for your organization and learn how to implement the methodology.

View

Innovation Program 2019 Communication

Effective communication is key to successful innovation programs. Keep employees in the loop with project goals, progress, and results to promote collaboration and build trust.

View