Role of Knowledge in Management of Innovation

Yury Nurulin, Inga Skvortsova, Iosif Tukkel and Marko Torkkeli
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Yury Nurulin: Institute of Computer Science and Technology, Peter the Great Saint-Petersburg Polytechnic University; Politekhnicheskaya Ulitsa, 29, Sankt-Peterburg 195251, Russia
Inga Skvortsova: Institute of Industrial Management, Economics and Trade, Peter the Great Saint-Petersburg Polytechnic University; Politekhnicheskaya Ulitsa, 29, Sankt-Peterburg 195251, Russia
Iosif Tukkel: Institute of Computer Science and Technology, Peter the Great Saint-Petersburg Polytechnic University; Politekhnicheskaya Ulitsa, 29, Sankt-Peterburg 195251, Russia
Marko Torkkeli: School of Engineering Science, Lappeenranta University of Technology, Yliopistonkatu 34, 53850 Lappeenranta, Finland

Resources, 2019, vol. 8, issue 2, 1-12

Abstract: Knowledge has always been, and still is, a crucial source of economy. However, during the past few years we have seen a growing interest in treating knowledge as a significant organizational resource for innovation. This trend coincides with the rapid development of ICT, indicating the strong influence that ICTs have on the processes of creating, disseminating, and using knowledge. At present, issues of innovation management and knowledge management are studied independently, which creates a certain gap in the systemic understanding of the innovation development processes. The paper proposes an integrated approach to the issues mentioned. The hierarchy and taxonomy of knowledge are considered from the point of view of their influence on decision-making at different stages of the innovation lifecycle. Our proposition complements and contributes to several recent models of decision-making developed in the frame of the innovation process.

Keywords: Innovation system; knowledge typology; decision-making; innovation lifecycle (search for similar items in EconPapers)
JEL-codes: Q1 Q2 Q3 Q4 Q5 (search for similar items in EconPapers)
Date: 2019
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