Mitigation of Knowledge Risks in Open Innovation

Tsang, Haley Wing Chi; Lee, Wing Bun

doi:10.1142/9789813233591_0010

Cited by 3 publications

(1 citation statement)

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“…Despite these benefits, the applications of knowledge to organization have potentially negative impacts called knowledge risk. When knowledge is mishandled, misused and it has negative effective on the organization is called KR (Trkman and Desouza, 2012; Tsang and Lee, 2018). KR explains the probability of any loss as a result of identifying, creating, storing or protecting of knowledge in an organization which may reduce the operational or strategic advantage of a company (Perrott, 2007) and also KR is a loss from activities with relates to identifying, storage and protection of knowledge applied (Trkman and Desouza, 2012).…”

Section: Knowledge Risk and Organizationmentioning

confidence: 99%

Knowledge audit as an important tool in organizational management: A review of literature

Ayinde

Orekoya

Adepeju³

et al. 2021

Business Information Review

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The purpose of this paper is to review current literature on knowledge management and highlight the importance of knowledge audit in bringing about a holistic knowledge solution to knowledge management. Based on the review of literature on knowledge management, this study points out the role of knowledge audit in solving the challenges in organizations’ tacit and explicit knowledge. Specifically, the paper concentrates on knowledge audit, knowledge risk and international and national standards on knowledge audit processes. The contribution of this study to literature are the suggestions that knowledge risk and international standards procedures could be applied to knowledge audit. The important conclusion of this paper is that knowledge risk management has not been fully explored in the study of knowledge audit. The paper addresses the research question of what organizations must embark on in the process of knowledge audit. The paper attempts to provide answer to the question by highlighting the importance of knowledge audit and the reasons why organizations carry out knowledge audit, and also the existing knowledge audit frameworks and methodologies.

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Section: Knowledge Risk and Organizationmentioning

confidence: 99%

Knowledge audit as an important tool in organizational management: A review of literature

Ayinde

Orekoya

Adepeju³

et al. 2021

Business Information Review

View full text Add to dashboard Cite

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An Integrated Research Methodology to Identify and Assess Knowledge Risk in a Corporation with Application to a Financial Institution

Tsang

Lee

2020

Management for Professionals

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Evaluation of Operational Knowledge Risks in SMEs – Using a Grey-Dematel Technique

Foli,

Durst,

Romero

2023

J. Info. Know. Mgmt.

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The increasing recognition of the negative impact of knowledge risks on the operations of small and medium-sized enterprises (SMEs) has led to a need for effective methods to evaluate and manage these risks. SMEs often adopt a reactive approach to risk management, which may not be sufficient to address the complex and evolving nature of knowledge risks. This study aims to use the grey-DEMATEL technique to evaluate operational knowledge risks in SMEs, with a focus on identifying the most critical risks and their potential causes and effects. The results revealed 11 operational knowledge risks, and found that outsourcing risks are the most critical among them. Communication risks and improper knowledge application were also found to be significant. Additionally, these risks were successfully categorised into effect risks (including relational risk, espionage, knowledge waste, and continuity risk) and causal risks (including knowledge waste, risks related to knowledge gaps, and the risk of using obsolete or unreliable knowledge). These categories provide a framework for understanding the potential causes and effects of operational knowledge risks and may be useful for designing risk management strategies. To the best of the authors’ knowledge, this is one of the first studies to use the grey-DEMATEL technique to evaluate operational knowledge risks in SMEs.

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Mitigation of Knowledge Risks in Open Innovation

Cited by 3 publications

References 0 publications

Knowledge audit as an important tool in organizational management: A review of literature

Knowledge audit as an important tool in organizational management: A review of literature

An Integrated Research Methodology to Identify and Assess Knowledge Risk in a Corporation with Application to a Financial Institution

Evaluation of Operational Knowledge Risks in SMEs – Using a Grey-Dematel Technique

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