Authors:
Lixin Wang
and
Athanassios Kourouklis
Affiliation:
University of the West of Scotland, United Kingdom
Keyword(s):
Knowledge Management, Supply Chain Management, Product Lifecycle Management, New Product Development, Open Innovation.
Related
Ontology
Subjects/Areas/Topics:
Artificial Intelligence
;
KM Strategies and Implementations
;
Knowledge Management and Information Sharing
;
Knowledge-Based Systems
;
Symbolic Systems
Abstract:
New Product Development (NPD) is critical for a firm’s survival and development. As firms are increasingly challenged by internal deficiencies and paucities of knowledge resources, they need to embrace open in-novation strategies. Subsequently, involving suppliers and customers into the process of NPD has been viewed as the most effective means by which internal and external knowledge resources can be optimally leveraged. However, there is a lack of available and reliable mechanisms to facilitate this process. This paper presents a comprehensive theoretical framework developed by harmoniously combining the relevant theoretical fields of Knowledge Management (KM), Open Innovation (OI), Supply Chain Management (SCM) and Product Lifecycle Management (PLM). Additionally, within this framework, Knowledge Audit, Knowledge Calibration and Knowledge Absorption have been employed as valuable tools to manage knowledge loops across the three innovation stages: pre-acquisition, in-acquisition an
d post-acquisition.
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