Hybridizing Technology Management and Knowledge Management to Spur Innovation: A System Dynamics Approach
The purpose of this research is to identify the drivers of innovativeness in a furniture manufacturing company. The scenario is the business environment where the hybridization of Technology Management (TM) and Knowledge Management (KM) is operative to promote innovation. The elements of the Techno...
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| Main Authors: | , , , , , , |
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| Format: | Article |
| Language: | English |
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Vilnius University Press
2023-12-01
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| Series: | Organizations and Markets in Emerging Economies |
| Subjects: | |
| Online Access: | https://www.journals.vu.lt/omee/article/view/31532 |
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| _version_ | 1832593111920934912 |
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| author | Reddy MRS Suryanarayana Muddangala Naresh Babu Gundraju Yamuna Thaya Madhavi Cristina Claudia Bizon Nicu Bizon Phatiphat Thounthong |
| author_facet | Reddy MRS Suryanarayana Muddangala Naresh Babu Gundraju Yamuna Thaya Madhavi Cristina Claudia Bizon Nicu Bizon Phatiphat Thounthong |
| author_sort | Reddy MRS Suryanarayana |
| collection | DOAJ |
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The purpose of this research is to identify the drivers of innovativeness in a furniture manufacturing company. The scenario is the business environment where the hybridization of Technology Management (TM) and Knowledge Management (KM) is operative to promote innovation. The elements of the Technology Acceptance Model (TAM) and Socialization-Externalization-Internalization-Externalization (SECI) Model of KM have been modeled and used for simulation for the identification of the role played by the factors influencing the furniture design information conversion rate. The research follows the case study method to research as it draws data from a single company. Data from a multinational furniture manufacturing company that has over 10,000 products and operates in 24 countries have been used for simulation purposes. Results have shown that among the five factors that influence information conversion rate, the company should focus on correction efficiency and calculation efficiency enhancement if the aim is to maximize product and process innovations; and enhance contextualization efficiency if the priority is immediate results of innovativeness improvement. The results have also shown that about 615 innovative products and processes can be produced in six months by improving the correction efficiency to 80%. The theoretical implication of the study is in the form of a model which can be used by innovative companies to identify the critical factors that influence innovativeness, and the practical implications are in the form of suggestions to the managers of the furniture manufacturing company to enhance their innovativeness so as to gain competitive advantage in business.
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| format | Article |
| id | doaj-art-7c5ce9cc15794d6382d9089d713258a7 |
| institution | Kabale University |
| issn | 2029-4581 2345-0037 |
| language | English |
| publishDate | 2023-12-01 |
| publisher | Vilnius University Press |
| record_format | Article |
| series | Organizations and Markets in Emerging Economies |
| spelling | doaj-art-7c5ce9cc15794d6382d9089d713258a72025-01-20T18:21:45ZengVilnius University PressOrganizations and Markets in Emerging Economies2029-45812345-00372023-12-0114310.15388/omee.2023.14.11Hybridizing Technology Management and Knowledge Management to Spur Innovation: A System Dynamics ApproachReddy MRS Suryanarayana0Muddangala Naresh Babu1Gundraju Yamuna2Thaya Madhavi3Cristina Claudia Bizon4Nicu Bizon5Phatiphat Thounthong 6K G Reddy College of Engineering & Technology, IndiaMohan Babu University, IndiaMohan Babu University, IndiaMohan Babu University, IndiaBucharest University of Economic Studies, RomaniaThe National University of Science and Technology POLITEHNICA Bucharest, RomaniaKing Mongkut’s University of Technology, Thailand The purpose of this research is to identify the drivers of innovativeness in a furniture manufacturing company. The scenario is the business environment where the hybridization of Technology Management (TM) and Knowledge Management (KM) is operative to promote innovation. The elements of the Technology Acceptance Model (TAM) and Socialization-Externalization-Internalization-Externalization (SECI) Model of KM have been modeled and used for simulation for the identification of the role played by the factors influencing the furniture design information conversion rate. The research follows the case study method to research as it draws data from a single company. Data from a multinational furniture manufacturing company that has over 10,000 products and operates in 24 countries have been used for simulation purposes. Results have shown that among the five factors that influence information conversion rate, the company should focus on correction efficiency and calculation efficiency enhancement if the aim is to maximize product and process innovations; and enhance contextualization efficiency if the priority is immediate results of innovativeness improvement. The results have also shown that about 615 innovative products and processes can be produced in six months by improving the correction efficiency to 80%. The theoretical implication of the study is in the form of a model which can be used by innovative companies to identify the critical factors that influence innovativeness, and the practical implications are in the form of suggestions to the managers of the furniture manufacturing company to enhance their innovativeness so as to gain competitive advantage in business. https://www.journals.vu.lt/omee/article/view/31532innovationfurniture manufactureknowledge managementtechnology managementmodeling and simulationinformation conversion |
| spellingShingle | Reddy MRS Suryanarayana Muddangala Naresh Babu Gundraju Yamuna Thaya Madhavi Cristina Claudia Bizon Nicu Bizon Phatiphat Thounthong Hybridizing Technology Management and Knowledge Management to Spur Innovation: A System Dynamics Approach Organizations and Markets in Emerging Economies innovation furniture manufacture knowledge management technology management modeling and simulation information conversion |
| title | Hybridizing Technology Management and Knowledge Management to Spur Innovation: A System Dynamics Approach |
| title_full | Hybridizing Technology Management and Knowledge Management to Spur Innovation: A System Dynamics Approach |
| title_fullStr | Hybridizing Technology Management and Knowledge Management to Spur Innovation: A System Dynamics Approach |
| title_full_unstemmed | Hybridizing Technology Management and Knowledge Management to Spur Innovation: A System Dynamics Approach |
| title_short | Hybridizing Technology Management and Knowledge Management to Spur Innovation: A System Dynamics Approach |
| title_sort | hybridizing technology management and knowledge management to spur innovation a system dynamics approach |
| topic | innovation furniture manufacture knowledge management technology management modeling and simulation information conversion |
| url | https://www.journals.vu.lt/omee/article/view/31532 |
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