Knowledge Management and Innovation

In today’s society, innovation and knowledge management are no longer luxury items. Instead, they are necessities and a means of economic development and competitiveness. Knowledge and innovation are inseparable. Knowledge management competencies and capacities are essential to any organisation that aspires to be innovative. Innovation and knowledge management are closely related. This paper discusses the importance of knowledge management in innovation for organisations. It describes how innovations can be achieved through the role of knowledge management using a case study involving the renovation and building of a school project in Finland. The case study shows how knowledge creation and sharing were used to help innovation using vision building.