INTEGRATING KNOWLEDGE MANAGEMENT AND INNOVATION: A PATHWAY TO COMPETITIVE ADVANTAGE

Аннотация

The purpose of this article is to investigate the relationship between Innovation and Knowledge management practices in organizations. The impact Innovations can have in sustaining competitive advantage and success in firms. There will also be a discussion on what kind of management strategies are usually used in businesses that enable easy access to Knowledge and results in novel Innovations. Although well-positioned KM is the most appropriate strategic response to resolve the challenges of Innovation, still some firms struggle to implement it successfully into practice. One important reason might be that even though KM is accepted as a very important resource at higher strategic level, in many cases it is not communicated with layers of organization properly. As a result, KM usually operates in isolation or addressed by simple IT solutions.

This article discusses academic research articles, reports, and relevant books written by the experts of Innovation and Knowledge management. It concludes with a research gap, discussion and recommendations part.