¶ … Tidd Bessant (2009) process model knowledge management innovation, figure 11.3, describe WL Gore & Associates link innovation knowledge management. Justify answer examples.
Knowledge management: WL Gore & Associates
Knowledge management is often described as using research and knowledge to secure a competitive advantage for an organization. Merely accumulating data is not enough for the information to be construed as knowledge. For the knowledge to be helpful, it must be placed in a useful context, given the current market environment. Furthermore, organizational actors must be able to deploy knowledge in an effective manner in their daily work life, to ensure that the insight is able to be translated into useful actions that will benefit the consumer and generate sustained interest about the company.
For a company like W.L. Gore & Associates, which is founded upon the principles of using technology to serve the consumer and improve human life, knowledge management is essential. Learning about technical innovations enables W.L. Gore to produce innovative products. Generating and mentoring top talent within the company ensures that there is a consistent and free flow of ideas. "For more than 50 years, Gore has built a worldwide reputation for ethics and integrity in its dealings with customers, suppliers, and employees, and for taking a long-term view when assessing business situations" (About, 2011, W.L. Gore). The core principles of knowledge management, according to the Tidd and Bessant (2009) process model of knowledge management for innovation are discovery, realization, and nurturance. W.L. Gore embodies all of these principles in its philosophy and the methods it uses to generate ideas and above all to support its employees.
Discovery
The discovery of new ideas begins with the hearts and minds of employees. All new associates at Gore are given in-house training to sharpen their skills. Employees participate in a leadership development program and there are regular cooperative development programs for employees who wish to engage in retraining....
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