The Relationship between Innovation Management and Knowledge Management

The current paradigm of business practice demonstrates that knowledge management is emerging as a specialized technique that can be used to manage knowledge, knowledge systems, and other processes related to knowledge capturing, transmission, storage etc. This is quickly becoming recognized as an important practice; this study considers knowledge management to be an essential practice that leads to innovation and innovation management. It has been outlined that knowledge management should be specifically designed and purposefully used for innovation management. The literature review discusses the link and relationship between knowledge management and innovation and the theoretical framework considers the inputs to knowledge management practices and the processes which lead up to innovation. The study uses qualitative analysis by incorporating the interview and focus group technique for data collection. The study concludes by showing that knowledge management techniques can pave the path for innovation management and innovation management practices; moreover, there are specific knowledge management techniques which this study recommends to be used for innovation management.