Role of Knowledge Management in Enhancing the Entrepreneurial Ecosystems Through Corporate Entrepreneurship and Strategic Intent in High-tech Firms

Abstract

The paper studies the role of knowledge management in enhancing the entrepreneurial ecosystem using knowledge management, co-governance, and co-management in high-tech firms. All these factors are important variables defining entrepreneurial ecosystem. The key drivers of knowledge management include intelligence generation and intelligence dissemination which are also critical variables of market intelligence for developing new products and creating new business creation as strategic business units in the entrepreneurial firm. The objective of the paper is to understand the dynamics of the components of sustainable entrepreneurial ecosystems, with an emphasis on the role of knowledge creation, diffusion, and application across the spectrum of high-tech organizations and their co-governance process and co-management processes.The methodology includes an empirical study based on data collected from all over India. More than 381 data were collected and analyzed using SPSS. Factor analysis and reliability analysis were used to find the reliability of questionnaire. Regression and correlation were used to analyze the influence of knowledge management processes on entrepreneurial ecosystem. Also, we analyzed the role of management support in facilitating culture for enabling corporate entrepreneurship. Response rate was 19.25%. The detailed case study of NASA and IBM was also undertaken to study the knowledge management system (Bixler & Stankosky, 2005). The paper undertakes the management approach to shed new light on the evolving role of knowledge on newbusiness creation and new product development. On the basis of analysis, it was found that entrepreneurial ecosystem includes the entrepreneurial proactiveness which is significantly influenced by lifecycle and strategic intent of high-tech firms. Moreover, leadership, knowledge management, and management support are the other components of entrepreneurial ecosystem that may influence the culture of innovation for facilitating entrepreneurship. The study also showed that culture is also influenced by the degree of involvement of the employees in pursuing the new ventures.The global implications of the paper include the advancement in the theory and body of knowledge in terms of development of correlation between the components of entrepreneurial ecosystem and knowledge management and strategic intent. The present study identifies the role of knowledge management in enhancing entrepreneurial culture, innovation, and new business creation within the firm to make it more competitive in the global arena. The concept of using intelligence generation and dissemination of knowledge through knowledge management systems has not been studied before with respect to entrepreneurial ecosystem and competitiveness, and there was a huge gap in the literature and managerial practice. Earlier studies have not identified the processes of knowledge management such as role of intelligence generation and dissemination and especially how the companies are implementing these processes. Interestingly, the study also covers the process of knowledge management implementation by describing such processes in NASA and IBM. For explaining these processes, the author has studied the case study of NASA and IBM which is the major contribution toward the managerial and research contributions through this study. The study balances practice with application and theory with the underlying concepts.