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Critically assess in details the need for businesses

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Reference no: EM132758994

In the knowledge and globalized age, where information and knowledge is not anyone's monopoly, businesses have to compete for every dollar and keep innovating at a rapid pace - as whatever product or services they provide can be easily replicated. We have witnessed great numbers of businesses being disrupted by new-comers in almost every sector. Furthermore, today, competition is also cross sectors (eg: Google for autonomous driving). Therefore, how can businesses survive and thrive in this competition for innovation in a world where everything can be copied? How does knowledge management help in this (innovative) process? no copy-paste from the internet

- Critically assess in details the need for businesses to keep innovating

- Apply the principles and theories of knowledge management in the innovative processes

- Analyze what makes certain businesses adapt to the realities of the knowledge age.

Reference no: EM132758994

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