Knowledge strategy: toward to dynamically integrating technological innovation with knowledge management

In the knowledge economy the one sure source of lasting competitive advantage is knowledge. In the theoretical field, interest in knowledge management has grown dramatically. In the business community, organizations are coming to regard knowledge-based intangible assets such as technological know-how and innovation as their most valuable and strategic resource, and they are also increasingly realizing that they must effectively and efficiently manage and cultivate their knowledge and competencies to maintain sustainable competitive advantage. However, there is scarcity on knowledge strategy toward dynamically integrating technological innovation with knowledge management in academic and practical domain. Therefore, based on some theories such as technological innovation, strategic management, transaction cost economics, organizational learning and knowledge management, the framework of knowledge strategy and the model of knowledge-based communities of creation are put forward and analyzed empirically in this paper. Several important knowledge management practices to push technological innovation process are discussed.