Innovation, Knowledge, and Skills in Organizations

This presentation explores the relationship between innovation, knowledge, and skills in organizations and their impact on business practices. It discusses the process of knowledge management, including tacit and explicit knowledge, and highlights the importance of skill development opportunities. The presentation also emphasizes the role of innovation in fostering organizational growth. Recommended for students studying innovation and enterprise.

Innovation and Enterprise

Table of Contents
 Introduction
 Process of knowledge management
 Areas of knowledge management
 Innovation
 Conclusion
 References

Introduction
It is very crucial to work towards enhancing the personal level of performance as a
innovator so that there can be development of future knowledge and skills. The efforts
by individual for the purpose of performing laid business objectives and assigned roles
& responsibilities with the context of a organisation. Presently the presentation is
based on the relationship that is present between innovation, knowledge and skills that
posses a impact on the Present business practises of a organisation.

Areas of knowledge management
There are three main areas of knowledge management that have to be considered in
order to enable the process of organizational learning and the process of creation of
learning culture in the organization. For the purpose of knowledge management
there is need to consider the process of tacit knowledge & the explicit knowledge
that are two main branches of knowledge management.

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Tacit knowledge is a intuitive knowledge base that is easy to share with others. This
knowledge has helped me working as a marketing manager in the process of
innovative thinking and developing a detailed understand of the body language.

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Explicit knowledge consist of the information that can be codified and changed
according to specific requirement.
The process of knowledge management assist TESCO in improvement of the
organisation in several ways such as it leads to benefiting from the:
 Under utilized knowledge,
 Better awareness of situation
 Learning of lessons

Innovation:
Innovation is a process that is easier to foster in the organization as customers are
benefiting with easy access to benefit best practices and reduction of employee turnover.
In TESCO the organization is focusing on the process of knowledge management
because of following reasons:
A merger or acquisition so that there can be encouragement of teams to share their
expertise
Imminent of retirement of key employees to demonstrate the requirement of knowledge

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Focusing on the recruitment drive that is based on use of knowledge management
for assisting the training process of employees.

Skill development opportunities:
Skill development opportunities:
There are certain specific skills that are required to be identified so that it can assist
in the process of skill development in the organization. For this purpose there is
need to focus on four major type of skill that can lead to enhancement of the overall
process of innovation in the organization:

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Innovation thinking skills:
Working as a marketing manager it is the prevailing trend of advancement of analytical
& technical skills in the marketing function. It can lead towards attainment of
competitive advantage. According to views of Bob Van Rossum, 2018 The major
skills that are required here is the:
 Optimization of visuals for content management systems (CMS)

Written presentation skills
Written presentation skills: written presentation skills are extremely crucial to enhance the
process of both vials and written skills. The skills to be focused includes:
 Introduction
 Main message
 Conclusion

Structuring of the presentation
The main emphasis is to communicate effectively at the workplace so that
information can be presented clearly. It is a process of engaging and connecting
with the customers to get the message across audiences. There has to be tailoring
of information according to suitability of audiences and external clients in
TESCO.

Critical thinking skills:
These skills are required to enhance the process of critical thinking that consist of
observation, analysis, interpretation, reflecting, evaluating, problem solving and
at last there is decision making on these outcomes. I have focussed on six type of
critical thinking skills such as:

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 Identification
 Research
 Identifying biases
 Inference
 Determination of relevance
 Curiosity

Time management skills:
Time management skills are those that are used for the purpose of using of
time in a more productive and efficient manner. Working for the post of
marketing manager I realised that I have to learn about the difference
between important and urgent.

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Urgent is demanding of immediate
attention and important is if not
performed may lead to serious
consequences.
Technique of priority matrix has been
used to make a review of task on
daily basis.

Conclusion
From above mentioned aspects it can be conclude that there are several
important knowledge and skills that are crucial required for the process of ensuring
a smooth decision making process. The skills lead towards laying down a
connection between the process of innovation and achievement of success.

References
Ratten, V., 2017. Sports innovation management. Routledge.
Albors-Garrigos, J., Igartua, J.I. and Peiro, A., 2018. Innovation management
techniques and tools: Its impact on firm innovation performance. International
Journal of Innovation Management, 22(06), p.1850051.
Breuer, H. and Lüdeke-Freund, F., 2016. Values-Based Innovation Management:
Innovating by What We Care About. Macmillan International Higher Education.