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Knowledge management challenges in new business development: Case study observations

Authors
Journal
Journal of Engineering and Technology Management
0923-4748
Publisher
Elsevier
Publication Date
Volume
24
Issue
4
Identifiers
DOI: 10.1016/j.jengtecman.2007.09.006
Keywords
  • Radical Innovation
  • Knowledge Management
  • Corporate Venturing

Abstract

Abstract This paper's focus is on the knowledge management challenges that come along with technology-based new business development (NBD). NBD thrives upon the exploration of knowledge, under radical uncertainty. Furthermore, existing knowledge may both enable and constrain the radical innovation process. These characteristics make the dominant approach of knowledge management – focusing on codifying, collecting and distributing knowledge – unsuited for NBD. We suggest that knowledge management can enhance NBD by focusing on experimenting, monitoring and integrating knowledge. This is illustrated by case study observations of radical innovation processes.

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