Volume/Issue/Review Month: Volume-XVII, Issue-II, Jul.-Dec.
Title: Knowledge Management and its Impact on Innovation: Empirical Evidence from the Ferro Chrome Manufacturing Industry in India
Authors: Suhasini Choudhury , Padmalita Routray, Amarnath Padhi
Broad area: HRM
Abstract:
In today's swiftly evolving business landscape, organizations incessantly strive to maintain competitiveness and drive innovation. Central to this endeavour is the role of knowledge management, which facilitates the synthesis and dissemination of knowledge throughout the organization. This study probes the influence of knowledge management on innovation within the ferrochrome manufacturing organisation in eastern India, utilizing an empirical methodology. Data were amassed via a meticulously constructed survey, targeting managerial, technical, and officer-level respondents across diverse departments. Employing simple random sampling to determine the sample size, the study leveraged factor analysis and regression analysis, processed through SPSS 21.0, for data examination. The results elucidate the discrete impacts of knowledge acquisition, creation, sharing, application, and organization on both product and process innovation. While temporal limitations curtailed the breadth of the survey, this research augments the extant literature by scrutinizing the nexus between knowledge management and innovation within a distinct organizational context. The insights garnered from this inquiry offer strategic value for analogous entities in the ferrochrome sector, guiding the formulation of innovation-centric strategies. The study’s outcomes further posit that knowledge management is a pivotal determinant of innovation success, underscoring the imperative for organizations to prioritize investments in knowledge management initiatives to fully capitalize on their innovation endeavours.