Question: In the knowledge and globalized age, where information and knowledge is not anyones monopoly, businesses have to compete for every dollar and keep innovating at

In the knowledge and globalized age, where information and knowledge is not anyones 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?

Critically assess 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

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