BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -Knowledge is considered as a transferable and inevitable resource that is essential for creating innovations. Therefore, strong innovation management systems must support knowledge management, making it always accessible and easy to transfer. That is why innovation and knowledge always go hand in hand!

Detailed explanation-2: -The knowledge‐based innovation literature examines the knowledge content of an innovation with a focus on three particular areas: the definition of the concept of knowledge in organizations, knowledge creation in the innovation process and mechanisms by which knowledge relates to innovation.

Detailed explanation-3: -Originality/value – Innovation is extremely dependent on the availability of knowledge and therefore the complexity created by the explosion of richness and reach of knowledge has to be recognized and managed to ensure successful innovation.

Detailed explanation-4: -The Four Key Elements of Innovation: Collaboration, Ideation, Implementation and Value Creation. Innovation requires collaboration, ideation, implementation and value creation. Community developers actively engaged in innovation illustrated each of these elements during breakout sessions.