CHAPTER ONE INTRODUCTION 1.1 Background to the Study Knowledge management refers to the systematic processes by which an organisation identifies, creates, captures, shares and applies knowledge to improve performance and achieve its objectives (Davenport & Prusak, 1998). Nonaka and Takeuchi (1995), in their influential knowledge-creation theory, distinguish between tacit knowledge, which resides in individuals’ experience […]
Tag Archives: Innovation Management
INNOVATION MANAGEMENT AND BUSINESS COMPETITIVENESS: A STUDY OF INNOSON VEHICLE MANUFACTURING
CHAPTER ONE INTRODUCTION 1.1 Background to the Study Innovation has long been recognised as a central driver of firm competitiveness. Schumpeter (1934) conceptualised innovation broadly, encompassing new products, new methods of production, the opening of new markets, new sources of supply and new forms of industrial organisation, arguing that firms which continuously innovate disrupt existing […]