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Cretivity & Innovation- Two Pillars of Knowledge Management

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Cretivity & Innovation- Two Pillars of Knowledge Management
CREATIVITY & INNOVATION

“Two pillars of Knowledge Management”

Mr. Abhishek Gupta Lecturer, Amrapali Institute of Management & Computer Applications, Haldwani Er. Upasana Kanchan Lecturer, Amrapali Institute of Management & Computer Applications, Haldwani Mrs. Gauri bisht Sr. Lecturer, Amrapali Institute of Management & Computer Applications, Haldwani

Knowledge, creativity and innovation are the valuable intangible assets which play a vital role in the transformation of business & society. The credit for the shift of economies from agricultural to industrial can be largely given to the fullest & optimum use & management of knowledge by organizations. Creativity and innovation concern the process of creating and applying new knowledge. They are just like the heart of knowledge management. Knowledge management is not a new concept. It has been utilized since years for the development of organizations. Prior to globalization it was used as a mix of information management, organizational learning, organizational culture & knowledge sharing however the emergence of globalization & increasing competition created a threat for the organizations to survive in market and innovation & Knowledge management became necessity to sustain economic development and competitiveness. This paper takes a brief look at two tools to support knowledge management i.e. creativity & innovation. In this paper, the focus is on the idea that how creativity & innovation along with the help of knowledge management contribute to the growth of organizations.

Keywords: knowledge, creativity, innovation, knowledge management

1. Introduction

Modern economies are often referred to as knowledge economies. Humans engaged in business world are continuously in the pursuit of wealth through knowledge. It is an open truth that a company’s success does not come from its chandeliers, gardens, ambience, acres of lands

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