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Joyce Wycoff from the InnovationNetwork recently passed along this gem of an excerpt from an article by Debra Amidon and Bryan Elliot Davis in the latest issue of Knowledge Management magazine, about the relationship between knowledge management and innovation:
"Three emerging rules, termed the laws of knowledge dynamics, have been identified:
1st law: Knowledge multiplies when it is shared. Knowledge is a limitless and expandable source of economic wealth. Intellectual assets, effectively exploited through innovation, are the most valuable resource to manage.
Comment: Many organizations aren't actively managing their intellectual assets. They may not even be aware of the full extent or value of their intellectual assets, because many traditional firms are so focused on managing their "tangible" assers. This ought to be a rich area of opportunity for many organizations!
2nd law: Value is created when knowledge moves from the point of origin to the point of highest need or opportunity. Innovation encompasses the full spectrum, from idea creation to commercialization, and successful innovation involves converting knowledge flows into marketable goods and services.
Comment: Making the right knowledge available to the right people at the right time to enable innovation is likely to be one of the biggest challenges all of us will face in the coming years.
3rd law: Collaboration for mutual leverage provides optimal utilization of tangible and intangible resources within and across boundaries. Collaboration replaces the competitive (win/lose) paradigm prevalent today. Win/win benefits are based on pooling and leveraging competencies: knowledge, know-how and skills."
Comment: So true, but easier said than done! There are many silos between teams and business units that must still be broken down to enable more extensive collaboration and leverage of the intellectual assets they contain.
As of right now, the full article is only available to KM Magazine subscribers. Thanks for sharing these valuable insights, Joyce! |
