A Proposed Strategic Management Framework. The field of
knowledge management (KM) has emerged strongly as the
next source of competitive advantage. However, as to how
knowledge management (KM) practices can be employed in
the pursuit of innovation has yet to be firmly
established. Firstly, this article describes the
significance of knowledge by explaining the transition
from ‘information revolution’ to ‘knowledge revolution’.
Secondly, it explains why KM could enable knowledge
innovations to flourish, and describes how information
and communication technologies (ICT) could be exploited
for this purpose. Thirdly, it develops a strategic
management framework for leveraging knowledge innovation
(KI) by providing practical considerations on knowledge-centred
principles, knowledge-sharing infrastructures and
knowledge-based initiatives. Finally, it outlines the
future challenges for organisations to exploit the
benefits of knowledge innovation. 2004