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Knowledge and Innovation

In: Business and Management

Submitted By bronsonlee
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2.3 Knowledge and Innovation of the company( IV1 and DV)
Knowledge is important in our entire life. Knowledge is referred to understanding of a fact or truth (Anonymous,2016). Besides that, knowledge is also meant by what is learned by a person. It is also defined as the information or skills which a person get from his or her experience and education(Anonymous,2016). Furthermore, knowledge also defined as the information combined with experience, context and interpretation (Marianne Gloet Milé Terziovski, 2004, p.203). Through the learning process, knowledge is developed. It is because when we are in learning process, we will gain some knowledge that we never understand before. In addition, we have difficulty to transfer knowledge because sometime knowledge is very hard to explain to make the learners understand in what we taught. Besides that, knowledge depends on memory. It is because when memory distortion occurs, we may learn incorrectly.(Sveiby,1997) Knowledge components is a process which a people is using it alone or in combination with other knowledge component. There are a few kinds of knowledge components which are domain knowledge, prerequisite knowledge, integrative knowledge and metacognitive knowledge. Domain knowledge is including concepts, facts, rules, principles and so on. Prerequisite knowledge is defined as the basic knowledge we must have. Integrative knowledge is including steps that link to other knowledge components. Metacognitive knowledge is about understanding of how the knowledge is used(Anonymous,2016). According to Chun-Yao Tseng, Da Chang Pai, Chi-Hsia Hung (2011,p.971), knowledge is the main ability and internal resources of the company and the company can uses knowledge to generate new ideas and to create unique product or services which are different from the competitors to gain competitive advantages. According to Yen-Ku Kuo…...

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