Meaning ● Knowledge-Driven Innovation, within the scope of Small and Medium-sized Businesses (SMBs), constitutes a strategic approach leveraging organizational knowledge assets—including data analytics, employee expertise, and market insights—to fuel business growth. It centers on automation implementation and process improvements. Such knowledge integration is directed toward product enhancements, service delivery improvements, and the creation of competitive advantages. Knowledge-Driven Innovation is focused on enhancing operational efficiencies and revenue streams. Moreover, SMBs use gathered data, research and development and implementation strategies to better enhance their processes. Knowledge management becomes a vital component for fostering a culture of continual advancement through knowledge transfer and sharing across departments.
