The Role of Knowledge Management in the Process of Creating Sustainable Innovation Cover Image

Роля на управлението на знание в процеса на създаване на устойчиви иновации
The Role of Knowledge Management in the Process of Creating Sustainable Innovation

Author(s): Beloslava Guevska
Subject(s): Economy, Business Economy / Management
Published by: Университет за национално и световно стопанство (УНСС)
Keywords: Innovation; Knowledge Management; Knowledge Management System; Competitive Advantage; Management Concept
Summary/Abstract: The theory of business management is changing rapidly, thus emerging concepts and paradigms are constantly being introduced and applied to organizational life. Knowledge management (KM) and open innovation are not new concepts in their core, but rather business areas on which in-depth research has only recently started to focus. The purpose of this paper is to analyze the relationship between the two and how knowledge management can support the process creating sustainable innovations. The emphasis falls on the affiliation between sustainable development and innovation and the knowledge management strategy, as well as on the use of appropriate tools and models to improve business results. Attention is brought to the concept of open innovation and the importance of taking all stakeholders in the value chain into account.