| Summary: | The rise of knowledge-based economy signifies the importance of Knowledge Management towards improving business innovation process for generating and enhancing new technology into business.In tandem with this premise, there is a growing need for industries and businesses to leverage superior knowledge within and outside the organization.In doing so, a meaningful understanding of Knowledge Management is so paramount.This paper presents an organizing review of Knowledge Management and conceptual review and empirical evidence of the three main themes of
Knowledge Management, namely knowledge creation, knowledge transfer and knowledge application. Based on the empirical analysis, this paper concludes that huge number of prior studies only focuses on the knowledge transfer theme.This is because knowledge transfer is said to be more visible and easier to observe as compared to creation and application.Conversely, little conceptual and empirical evidence has been undertaken to examine the knowledge application theme and the questions of how knowledge is applied remain widely unexplored. Specifically, this paper highlights that the emerging concept of innovation process is about the capability of managing knowledge; as well as also displays past contribution of Knowledge Management towards new technology development.Finally, this paper concludes with a discussion and conclusion.
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