Abstract
The increasing pressure of today’s highly globalised markets has lead organisations to continuously compete for knowledge and innovation. Despite the fact that there is extensive analysis of the concepts of knowledge and innovation management as autonomous areas of research, there is limited investigation for identifying and managing knowledge innovation as an integrated concept. The aim of this chapter is to conceptualise an amalgamation between innovation and knowledge process management models. This study is based on a single case, selected to provide description and generate theory around the introduced knowledge innovation lifecycle model. Skandia was conceived as an appropriate example, since it has significant reputation both on knowledge and innovation management strategy. The proposed conceptual model of highly interlinked and recursive knowledge and innovation processes flow is believed to offer enhanced utilisation of knowledge and innovation management in organisational settings.
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