Authors: Shubhabrata Basu
Addresses: Indian Institute of Management Indore, Strategic Management Area, Prabandh Shikhar, Rau Pithampur Road, Indore – 453331, Madhya Pradesh, India
Abstract: In this paper, I have investigated the probable linkages between a firm's knowledge evolution process and innovation. I believe that the firm's sustainable competitive advantage depends on its innovative value creation process. This process in turn is dependent upon the human production functions as enunciated by Schumpeter. Human production function is the human knowledge function that facilitates the innovation. For the above purpose, I have used an exploratory case study on an Indian state owned enterprise that had successfully dealt with the environmental shifts post economic liberalisation. Using an inductive process, I traced the evolution of knowledge in the firm and categorised it and then linked it with innovation. I concluded by proposing two frameworks, that of knowledge evolution process and its linkages with innovation.
Keywords: knowledge evolution; innovation; state owned enterprises; India; value creation.
International Journal of Business Excellence, 2013 Vol.6 No.4, pp.377 - 392
Published online: 17 May 2013 *Full-text access for editors Access for subscribers Purchase this article Comment on this article