Abstract
According to modern management literature in the fields of innovation and creativity, it is vital for organizations to innovate to keep up with increasing competition, consumer demands and emerging market fields. Here is where the role of knowledge management is highlighted as a potential key competitive advantage. This paper brings together knowledge from various areas to show that innovation is a form of organizational advantage which can be obtained by appropriate knowledge management. Focus is made the role of knowledge management in sustaining and enhancing creativity in organizations. The simulation of creativity and the allocation of resources for creative thinking methods for employees are also of vital importance. Thus, in the current corporate world, the utilization of knowledge management as a tool for enhancing creativity and innovation will present a competitive edge for organizations.
Highlights
In an increasingly volatile business world, innovation has turned into the focal point of most organizations
This paper investigates relationships between knowledge management and innovation to increase organizations competitive advantage within their fields of activity
The aim of this paper is to investigate the possible use of knowledge management within organizations as a catalyst or vehicle for increasing innovation, and competitiveness
Summary
In an increasingly volatile business world, innovation has turned into the focal point of most organizations. This paper investigates relationships between knowledge management and innovation to increase organizations competitive advantage within their fields of activity. Knowledge management involves recognizing and identifying the existing intellectual capitals of an organization, generating new knowledge for maintaining the competitive superiority of that organization, providing access to an extensive bulk of information, sharing the best performance using technology which makes it possible to achieve all the mentioned cases. In Barclay and Murray viewpoint, knowledge management involves recognizing and identifying the existing intellectual capitals of an organization, generating new knowledge for maintaining the competitive superiority of that organization, providing access to an extensive bulk of information, sharing the best performance using technology which makes it possible to achieve all the mentioned cases
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