Title: Innovation and knowledge management in a knowledge-based economy

Authors: Gheorghe Bică; Mădălina Constantinescu; Elena Bică

Addresses: Faculty of Law and Public Administration, Spiru Haret University, Vasile Conta Street, No. 4, 200580, Craiova, Romania ' European Centre of Managerial Studies in Business Administration, Spiru Haret University, Brazda lui Novac Street, No. 6, 200690, Craiova, Romania ' European Centre of Managerial Studies in Business Administration, Spiru Haret University, Brazda lui Novac Street, No. 6, 200690, Craiova, Romania

Abstract: Creativity has recently joined innovation and becomes a key term in knowledge-based economy debates. In the last decades, organisations are more and more confronted with complex innovation challenges. The main objective of this research is to provide a comprehensive view of the current state of research and practices regarding the development of knowledge-based economy: innovation as a key driver in wealth creation; how to maximise creativity and innovation in any individual, organisation, region or economy. Another objective of the paper addresses this within the context of how information technology (IT) can aid the transformation process of knowledge. In our study we also analyse the impacts and dimensions of knowledge management (KM) upon the innovation and labour productivity within the organisation and how KM affects the firm's innovative performance.

Keywords: innovation; creativity; knowledge-based economy; knowledge management; explicit knowledge; implicit knowledge; productivity; knowledge diffusion; wealth creation; information technology.

DOI: 10.1504/WREMSD.2015.068576

World Review of Entrepreneurship, Management and Sustainable Development, 2015 Vol.11 No.2/3, pp.156 - 171

Available online: 18 Mar 2015

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