What is the difference between Knowledge Management and Knowledge Innovation?
Knowledge management is now widely practiced. But much of this practice is based on “sharing what we know”, such as best practice. More forward looking companies are developing the role of knowledge in their innovation processes. This is where future success will come. It goes beyond the 5 or 10 per cent year-on-year continuous improvements from sharing existing knowledge but the 10 fold and even 100 fold breakthroughs from innovation. Effective knowledge management is a necessary prerequisite. Knowledge innovation is one further step on the management performance trajectory, that integrates knowledge management with innovation management. What is the Community of Knowledge Practice? A Community of Practice is an informal network of people sharing ideas and developing knowledge in pursuit of common interests and goals – “not a team, not a task force, not necessarily an authorized or identified group … but peers in the execution of real work” (John Seely Brown, Xerox Parc). Such a com
