A KM-based Model for Innovation Management

Innovation is one of the key drivers of growth in micro and macro level, helping people to achieve high standards of living. Organizations, as the micro level, use different techniques to create, nurture and improve innovation within their boundaries. Knowledge Management is considered as one of these techniques that helps organizations to improve their competitiveness, by bringing about the much needed knowledge, innovation and improved performance. The aim of this paper is to present a framework to create and manage innovation in organizations using knowledge management techniques. To do so, a literature review was carried out on these two concepts and then a model was developed to combine knowledge and innovation management techniques. The resulting model could help managers to create an innovative organization.

Keywords:

Knowledge Management , Innovation Management , IKM Model