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Q: What is human innovation in action that involves the generation of knowledge and processes to develop systems that solve problems?
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What is the set of practices aimed at discovering and harnessing an organization's intellectual resources?

Knowledge management is the set of practices aimed at discovering and harnessing an organization's intellectual resources. It involves collecting, storing, sharing, and utilizing knowledge to improve decision-making, innovation, and overall organizational performance.


Write short notes on knowledge management?

Knowledge assets are the knowledge regarding markets, products, technologies and organisations, that a business owns or needs to own and which enable its business processes to generate profits, add value, etc.Knowledge management is not only about managing these knowledge assets but managing the processes that act upon the assets. These processes include: developing knowledge; preserving knowledge; using knowledge, and sharing knowledge.Therefore, Knowledge management involves the identification and analysis of available and required knowledge assets and knowledge asset related processes, and the subsequent planning and control of actions to develop both the assets and the processes so as to fulfil organisational objectives. Enterprises are realising how important it is to "know what they know" and be able to make maximum use of the knowledge. This knowledge resides in many different places such as: databases, knowledge bases, filing cabinets and peoples' heads and are distributed right across the enterprise. All too often one part of an enterprise repeats work of another part simply because it is impossible to keep track of, and make use of, knowledge in other parts. Enterprises need to know:what their knowledge assets are;how to manage and make use of these assets to get maximum return.


What are the four phases of the innovation process?

The innovation process can be divided into four distinct phases: idea generation, idea development, idea implementation, and idea diffusion. These phases represent the sequential steps that organizations typically go through when introducing new ideas or products into the market. Idea Generation: The first phase of the innovation process is idea generation. This phase involves the creation of new ideas or concepts that have the potential to solve a problem or meet a specific need. Idea generation can be stimulated through various methods such as brainstorming sessions, market research, customer feedback, or technological advancements. The goal of this phase is to generate a wide range of ideas that can be further evaluated and developed. Idea Development: Once a pool of ideas has been generated, the next phase is idea development. In this phase, organizations evaluate and refine the generated ideas to determine their feasibility and potential for success. This involves conducting market research, analyzing customer needs and preferences, assessing technical feasibility, and considering financial implications. The goal of idea development is to select the most promising ideas and transform them into viable concepts or prototypes. Idea Implementation: After selecting the most promising ideas, organizations move on to the third phase, which is idea implementation. This phase involves translating the selected ideas into tangible products, services, or processes. It includes activities such as designing, testing, manufacturing, marketing, and launching the innovation in the market. Idea implementation requires careful planning, resource allocation, and coordination across different functional areas within an organization. Idea Diffusion: The final phase of the innovation process is idea diffusion. This phase focuses on spreading awareness and adoption of the innovation among target customers or users. It involves creating marketing strategies, establishing distribution channels, conducting promotional activities, and providing customer support. Idea diffusion aims to maximize the reach and impact of the innovation by ensuring its acceptance and adoption in the marketplace. I hope this is


What is Open Innovation all about?

Open innovation involves sharing risks and rewards. Companies should be diverse in their ideas. They should get inside and outside sources, hence the word open.


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Is an initiative that involves measuring and analyzing business processes?

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What involves creating representations of complex objects or processes?

making models