BUSINESS RESEARCH

Knowledge Management for Innovation and Performance

The effective implementation of knowledge management to maximise knowledge creation, codification, representation and transfer is critical to improving innovation and organisational performance. Research shows that how firms “use” knowledge matters just as much as the knowledge they acquire and create.

Share
February 2014

A study of 162 manufacturing firms in Asia found that knowledge sharing and knowledge application positively influenced technological innovation – simply amassing and generating new knowledge alone did little to boost innovation.

The consequences of poor knowledge management policies, processes and systems can be substantial. Fortune 500 firms lose an estimated US$31.5bn every year by failing to share knowledge effectively. “Knowledge sharing is the fundamental means through which employees can contribute to knowledge application, innovation, and ultimately the competitive advantage of the organisation”. But many firms have only a rudimentary understanding of the multifarious nature of knowledge sharing and transfer. Investments in state-of-the-art knowledge management systems will only pay off if leaders consider relationships between:

• Organisational context: management support, rewards/incentives, organisational structure, culture and climate
• Interpersonal and team characteristics: diversity, networks, team development
• Motivational factors: beliefs of knowledge ownership, costs and benefits of sharing, trust, team level trust and cohesion

Referenced techniques

Technique

Knowledge Management

This concept provides a review and interpretation of previous work on knowledge management and offers a comprehensive account of benefits achieved by properly managing knowledge, implementation information and success factors.

Technique

Knowledge Capital

The concept reviews the critical points of current knowledge including substantive findings as well as theoretical and methodological contributions to knowledge transfer and intellectual capital. It also presents a compilation of possible and potential benefits and offers selective resources for further exploration.

Leaders Edge Magazine Image
Subscribe for free to:

The Leading Edge

Join thousands of leaders benefiting from their bi-monthly copy of The Leading Edge on topics like Knowledge Management for Innovation and Performance, to keep themselves at the cutting edge of leadership and management thinking.

Your subscription could not be saved. Please try again.
Your subscription has been successful.
Testimonials

Trusted by over 200 organisations

2000+ people are already learning with KnowledgeBrief

Coventry and Warwickshire Mind

"As the line manager of a senior team member enrolled in the Senior Leader apprenticeship, I've witnessed firsthand how the functions, skills, study elements, and learning have enhanced the knowledge of the individual. While I have seen how the course benefits the individual, it also has benefited the organisation through an improvement in the breadth of leadership skills, policies, procedures, and strategic effectiveness. I believe our partnership with KnowledgeBrief will strengthen our organisation, and I will be encouraging other staff to participate in the apprenticeship."

ManpowerGroup

"KnowledgeBrief are best in class for their Leadership and Management training, highly professional and extremely knowledgeable coaches"

Wiltshire Council

"My Apprenticeship through Wiltshire Council with KnowledgeBrief has enabled me to have a wider understanding of management principles. The guidance given was invaluable to enable me to obtain my chartered management qualification with Distinction."

Wiltshire Council

"Throughout the course, I was guided and supported by skilled Personal Learning Advisors and attended informative workshops. By gaining my CMI qualification in leadership & management, I have been able to advance my career to the next level in management."

AVIS Budget Group

"They are incredibly easy to work with and focus entirely on what’s required for success in your organisation and for your employees."

CLIC Sargent

"I would recommend KnowledgeBrief to any organisation looking for impactful leadership and management training. "

AVIS Budget Group

"In every aspect of our relationship with KnowledgeBrief, from sales to accounts and the Professional Learning Advisors, we encounter passionate and engaged people."

Tata Chemicals Europe

"The benefits the programme brings to you in your role, and throughout the organisation are incredibly valuable. I would recommend the Level 5 to anyone in a management or leadership position."

Flogas

"It doesn’t matter what stage you are at in your Leadership or Management career, a Level 3 or 5 course will make you a better leader."

JPI Media

"I recommend anyone who is in a management or leadership role to take the course. It’s both challenging and rewarding and can only augment your existing knowledge and skills. You will grow as a leader if you take this course."

Equip your employees with the skills to increase results

If you would like to discuss how we can create your Leadership and Management Training Programmes, please get in touch