Strategic Mgt FrameWork for Knowledge Innovation

Strategic Mgt FrameWork for Knowledge Innovation - Andrew...

Info iconThis preview shows pages 1–3. Sign up to view the full content.

View Full Document Right Arrow Icon
32 A Strategic Management Framework for Leveraging Knowledge Innovation Andrew Goh Lee Sung Department of Management, Birkbeck College, University of London [email protected] Abstract The field of knowledge management (KM) has emerged strongly as the next source of competitive advantage. However, as to how knowledge management (KM) can be harnessed for the pursuit of innovation has yet to be firmly established. This article discusses the significance of knowledge by describing the transition from ‘information revolution’ to ‘knowledge revolution’ – which enables various forms of knowledge assets to be absorbed, assimilated, shared and utilised. Next, it highlights the practice of knowledge management (KM) and explains why KM could better enable knowledge innovations to evolve, and how information technology (IT) could be better exploited for this purpose. It proposes a strategic management framework for leveraging knowledge innovation (KI) by providing perspectives on knowledge-centred principles, knowledge-sharing infra- structures and knowledge-based initiatives, to offer an integrated view of employing knowledge management (KM) concepts for innovation management (IM). Finally, it outlines the future challenges of knowledge innovation (KI) for organisations to better exploit its benefits. Statement of Contribution: The article contributes a conceptual framework for strategic management considerations to leverage knowledge innovation (KI) as a source of competitive advantage. By conceptualising a systematic and structured framework for analysing an organisation’s state of knowledge management (KM) practice in three areas: knowledge-centred principles, knowledge- sharing infrastructures and knowledge-based initiatives, an integrated scrutiny of how knowledge innovation (KI) could be strategically managed is fostered. It is expected to be of interest to corporate leaders, managers and specialists who are involved in IT planning, implementation and practical issues related to innovation management and knowledge management. Keywords: Knowledge innovation (KI), knowledge management (KM), innovation management (IM), knowledge-centred principles, knowledge-sharing infra- structures, knowledge-based initiatives, information and communication technologies (ICT). Introduction Emergence of Knowledge Management (KM) In the last decade or so, with the significant role played by knowledge- intensive businesses in the economy, the term “knowledge management (KM)” has generated a lot of keen interest in the corporate sectors. However, with no
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
A Strategic Management Framework for Leveraging Knowledge Innovation International Journal of The Computer, the Internet and Management Vol. 14.No.3 (September-December, 2006) pp 32-49 33 universally accepted definition for knowledge management (KM,) the term remains conceived with a broad context, for instance, as a process through which organisations generate value from knowledge-based assets (Barth, 2000; Amidon, 1997) [1]. Given that the Internet has been evolving steadily for over two
Background image of page 2
Image of page 3
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 05/26/2011 for the course PM 199 taught by Professor Dr.atif during the Spring '11 term at University of Engineering & Technology.

Page1 / 18

Strategic Mgt FrameWork for Knowledge Innovation - Andrew...

This preview shows document pages 1 - 3. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online