Knowledge Management: An enabler for innovation
I believe innovation is great since it helps organizations generate value. In order to grow, companies have to break out of a vicious cycle of doing the same old stuff. Not only that, Innovation helps change people's lives for the better. It allows people to hope and realize their dreams, and in my opinion you cannot put a price on that.
This is one of the reasons why I believe having an effective KM program is imperative for organizations today. A work place with a free flow of ideas will encourage collaborative work between employees and foster innovation. This will help create new products, new opportunities and more efficient processes. Knowledge management is sometimes quite rightly claimed as a means to an end and not an end in itself. In this case, it is believed to be enabling innovation that ultimately leads to increased revenue generation. One of my goals in life is to start up my own innovative business. In order to fully develop the innovation capability of my company, I will make sure that an effective KM practice is in place and that ideas are shared freely across all levels.