Answer to Question #171457 in Management for Victor Campbell

Question

Innovation is a key output of effective knowledge management. Discuss, using examples, of how this objective can be met utilizing knowledge management.

Answer 1

Innovation process highly depends on knowledge , specially on tacit knowledge . Knowledge management helps to improve the innovation process through quicker access and movement of new knowledge. Effective knowledge management is a critical success factor when launching new products. For instance, knowledge management assists in creating tools, platforms and processes for tacit knowledge creation, sharing and leverage in the organization, which plays an important role in the innovation process