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RELATIONSHIP BETWEEN

KNOWLEDGE MANAGEMENT

AND INNOVATION

Present by: Tran Thi Nguyet Nga

Student ID: 99734310

Class : SF MBA F2

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I. Introduction

Research background

Research motive

Research purpose

II. Literature Review

Knowledge Management

Innovations

III. Relationship between KM and InnovationIV. Conclusion

V. Reference

Structured

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The globalized and knowledge economy is

increasingly based on exploiting knowledge andinnovation.

Innovation is mandatory for organizations to survivein the high technology.

Organizations that do not compensate effectively forinnovative forces may be destroyed by those that do.

I. INTRODUCTION

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Knowledge is a new driving force to economic

growth. In order to sustain competitive advantage in the new

economy, the organizations must shift their focus toknowledge-based economic activities.

I. INTRODUCTION

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This presentation will examine the relationship

between knowledge management and innovation toknow:

Is there a strong link between Knowledge Managementand Innovation?

Does Knowledge Management influent Innovation, and

if so, how?

I. INTRODUCTION

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II. LITERATURE REVIEW

KnowledgeManagement

Innovations

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A relatively new term that encompasses not only therelated notions of knowledge transfer and knowledgesharing but the entire knowledge acquisition andutilization process, beginning with locating andcapturing knowledge, and followed by the enabling

of that knowledge within the firm (Choo, & Bontis,2002; Takeuchi, & Nonaka, 2004).

What is knowledge management?

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Understanding the kinds of knowledge thatindividuals in an organization have.

Moving people to transfer knowledge within anorganization.

Managing key individuals as knowledge creatorsand carriers.

The tacitKM

The processes for articulating knowledge held byindividuals.

The design of organizational approaches forcreating new knowledge.

The development of systems to disseminatearticulated knowledge within an organization.

Theexplicit

KM

Two fundamental approaches to KM

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Explicit knowledge & Tacit knowledge

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Wisdom: Strategy

Knowledge: Concepts

Information: Organizedfacts, simple rules.

Data: Raw & isolatedfacts

Knowledge develops like a pyramid

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Deals with both explicit and tacit knowledge.

Explicit knowledge is copied, tacit knowledge is not.

Prefer tacit knowledge based projects for sustainedsuccess.

Focus on organizational objectives such as improvedperformance, competitive advantage, innovation, thesharing of lessons learned, integration andcontinuous improvement of the organization.

Effective knowledge management

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Enables effective and timely decision making.

Fosters creativity & innovation.

Enhances communication.

Supports culture of learning, customer focus andmoving from good to best

Why manage knowledge?

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Means renewal or improvement.

Refer to incremental, emergent, or radical andrevolutionary changes in thinking, products,processes, or organizations.

For an improvement to take place it is necessary for

people to change the way they make decisions, ormake choices outside of their norm.

What is the innovation?

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Consider a major driver of the

economy. Base on technologies and on

market knowledge.

Lead to new product categories

or increasing productivity. Innovation trends backed by

governmental funds andregulations.

What are innovation drivers?

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Waves of Innovation

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When people change their value system, the old(economic) system will change to make room for thebetter one.

When that happens innovation has occurred.

Innovations may be spread from the innovator to

other individuals and groups. This process has beenproposed that the life cycle of innovations.

The life cycle of innovations

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Improved quality

Creation of new markets

Extension of the product range Reduced labor costs

Improved production processes

Reduced materials

Reduced environmental damage Replacement of products/services

Reduced energy consumption

Conformance to regulations

The goal of innovation

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KnowledgeManagement

Innovations

III. Relationship between KM &

Innovation

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