The importance of knowledge management on innovation

Knowledge management and innovation are two key activities for companies. Knowledge management has been regarded as one vital management approach in new era of knowledge-based economy.The need for organizations to innovate comes from increasing competition and customer demands and new market areas. Knowledge management has important implications for innovation; therefore it is imperative that we understand the role of Knowledge management in innovation. This paper focuses on the importance of knowledge management on innovation in organizations.

knowledge, knowledge management, innovation.