Contact Us
Sign In / Sign Up for FREE
Go to advanced search...

With reference to a specific firm, discuss the role of different sources of knowledge in the innovation process - Essay Example

Comments (0) Cite this document
Innovation is referred to be the engine and the key to successful development and growth in many firms and therefore, studies about information are paying much attention on the role of sources of knowledge in the innovation process. Most organizations acknowledge that…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER91.3% of users find it useful
With reference to a specific firm, discuss the role of different sources of knowledge in the innovation process
Read TextPreview

Extract of sample "With reference to a specific firm, discuss the role of different sources of knowledge in the innovation process"

Download file to see previous pages Interactive learning mainly takes place between companies and other organizations like technology service providers, knowledge providers, and customers. This paper aims to discuss the role of sources of knowledge in innovation process of Coca-Cola Company.
The Coca-Cola Company has highly benefited from its sources of innovation knowledge, which has highly enabled the company to venture almost in the entire globe (Mazzarol, Elena, and Delwyn 2014, p. 84). Sourcing international innovation knowledge enables Coca-Cola Company to engage in continuous process of innovation that enables the company to stay ahead of its competitors. When there are barriers in the local markets, the company is able to expand into oversea markets hence overcoming these barriers. It is only through external avenues and sources of innovation knowledge that has enabled Coca-Cola Company to dominate many markets around the world (Rothwell 1994, p. 13).
However, innovation knowledge sources do not always generate pecuniary benefits to Coca-Cola. Nevertheless, these external sources of innovation knowledge play a vital role of ensuring that the company sustains its innovation process and gives the company a reputation of being the leading soft drinks company in the world (Masegosa, Villacorta, & Cruz-Corona 2014, p. 72). Building relationships and networks with other successful companies is clearly the key to Coca-Cola success since this enables the company to sustain access of international innovation knowledge (Uecke 2012, p. 60). Therefore, companies should not underestimate the significance of their informal networks.
The innovation knowledge sources have enabled Coca-Cola Company to define its market dominance ensuring the firm’s success through the implementation of significance global operations that enable the company to control its programs in a unified approach. Secondly, Coca-Cola defines the international quality and regulatory ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(“With reference to a specific firm, discuss the role of different Essay”, n.d.)
With reference to a specific firm, discuss the role of different Essay. Retrieved from
(With Reference to a Specific Firm, Discuss the Role of Different Essay)
With Reference to a Specific Firm, Discuss the Role of Different Essay.
“With Reference to a Specific Firm, Discuss the Role of Different Essay”, n.d.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF With reference to a specific firm, discuss the role of different sources of knowledge in the innovation process

Innovation, knowledge and learning

...for the employees in the organization for the learning and innovation process. According to the author Robert Thierauf, in a knowledge management system the most important aspect for the firm is the storing of data which acts as the real knowledge of the firm. The collective knowledge of the different employees and the experiences from the different sources of the organization are organized at a single database for discovering at later stages (Thierauf, 1999, p. 72). But on the contrary by the author Stuart Barnes, knowledge reflects a phenomenon which...
12 Pages(3000 words)Assignment

Product Innovation on Firm Performance

... environment and also to resist the adverse impacts of these changes. Flexibility is therefore paramount to the success of business. Flexibility is the capacity of varying the processes to give a different output over a particular time period in the production cycle. A balance between the supporting systems and the business operations is maintained through flexibility. It also allows the business to adapt to the changes in the operating environment. It is the extent of change that a business is capable of accommodating in an unstable operating environment (Zhang et al. 2009). An innovative firm applies cost effective means to vary its production processes (Aboulnasr et al. 2008). Innovative firms also use different approaches... in the...
11 Pages(2750 words)Research Paper

Knowledge Management and Innovation

...? KNOWLEDGE MANAGEMENT AND INNOVATION ………………………….. College ……………………………… ……………….. Words count: 2056 Table of Contents Table of Contents 2 Introduction 3 Knowledge Management and Innovation 3 Knowledge Share- a strategic step in KM 5 Knowledge Share to foster Innovation 9 KM and Innovation practice of Apple Inc 10 Conclusion 11 Reference List 12 Introduction Knowledge management, relatively a young academic discipline (Gottschalk, 2007, p. 29) with well-established theoretical underpinning, has emerged to become the top investment priority of many business organizations. Effective implementation and performance of knowledge management is largely associated with the intellectual capital of a firm and as a result it affects innovation... ...
8 Pages(2000 words)Essay

Knowledge, Innovation, and Learning

...Knowledge, Innovation, and Learning I. Introduction i. Background of project ii. My role in the project iii. Reason for choosing project iv. Aims fordeveloping project v. Thesis vi. Preview II. Process i. Literature review ii. Analysis and critique iii. Conclusion iv. Recommendation III. Pros and cons of the process i. Weak and strong points ii. Positive and negative experiences iii. Positive and negative feelings IV. General questions i. We achieved our aims, but if I had another chance, I would like to change ii. Nevertheless, I have obtained useful expertise from the project such as iii. I will apply this knowledge in my future...
2 Pages(500 words)Essay

Knowledge and Innovation Systems

...and innovate successfully. Knowledge and Innovation Systems (4BIM609) Introduction: In today's world where competition is key element, knowledge management has significant role to play in the success of an organisation. Knowledge management refers to use and mange the knowledge for accomplishing the objectives of organisation. Proper knowledge management is required for innovating new ideas and projects. Researches show that, the main reason for the failure of most of the projects of different organisation was the lack of proper...
12 Pages(3000 words)Essay

Knowledge, Innovation, and Learning which workload and impetus are divided more evenly among members as well as well as setting a more rigid schedule of goal completion. Nevertheless, we were able to achieve our collective aim. I have reviewed the process, pros and cons, and the general outcome of completing this project. My role in the completion of our task has heightened my awareness of the necessary management of knowledge in the workplace in such a way as to encourage innovation and capitalize more fully on a collective knowledge base. References Ambrosini, V. and Bowman, C. (2001) Tacit knowledge: Some suggestions for operationalization, Journal...
2 Pages(500 words)Essay

Innovation and knowledge management

...Introduction When it comes to the current competitive situations of organisations, innovation has been granted high regard by firms as it has been significantly associated with improved growth and performance through developments in quality, productivity, effectiveness and market shares. Often, the terms “innovation” and “creativity” are interchangeably used; however, primary differences can be distinguished between the two. Creativity is an essential step for innovation to be successfully applied. In fact, the current definition of innovation has become equal to creativity plus effective implementation. In the creativity stage, useful ideas are generated while the innovation process involves the course of action and the actual... change,...
12 Pages(3000 words)Essay

Innovation / innovation management (firm, sector, country, or specific process)

..., and Abidin, 2010, p. 84). While the factors are necessary for making decisions on whether to initiate an innovative process or not, a clear understanding of the order of their significance would facilitate insights over their importance (Yusof, Shafiei, Said, and Abidin, 2010). The concept of difference in significance of factors affecting innovation was also developed in a research on elements of innovation in product development. Results of the research that was conducted by Ju in China identified factors such as market research initiatives by organizations, the organizations’ adopted strategies, and level of technology as the most essential factors...
2 Pages(500 words)Essay

Critically discuss what is meant with open innovation With reference to a specific firm, discuss the extent to which open innovation plays a role in this firms innovation process

...CRITICALLY DISCUSS WHAT IS MEANT WITH OPEN INNOVATION? WITH REFERENCE TO A SPECIFIC FIRM, DISCUSS THE EXTENT TO WHICH OPEN INNOVATION PLAYS A ROLE INTHIS FIRM’S INNOVATION PROCESS. By Author’s Name Name of the Class Name of the Professor Name of the School City, State 24 February, 2015 Background to innovation The aftermath of the 20th century has been characterised with increased globalization and technology development efficient to promote innovation. Over the last two decades, many different and...
10 Pages(2500 words)Essay

The Role of Information Technology in IBM

...designed the Enterprise Information Portal where huge amount of information and data on various topics that is generated by the consultants around the world is stored. 4.1.1 IBM Enterprise Information Portal IBM launched Enterprise Information Portal version 7 in 1999, to access the different data sources and knowledge repository (Sinha, 2009). Data sources include structured data (e.g. databases, Lotus Notes), unstructured data (e.g. e-mails, files) and data from specific process or enterprise applications (ERP, CRM etc). Enterprise Information Portals (EIP) is a search engine that brought information from the Internet as well as...
13 Pages(3250 words)Case Study
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Essay on topic With reference to a specific firm, discuss the role of different sources of knowledge in the innovation process for FREE!

Contact Us