The twenty-first century will be the era of the knowledge economy. A business should apply knowledge management to develop product innovation and commercialize the outcome for economic value. The past research of knowledge management often stresses partial factors that influence the effectiveness of knowledge management. For instance, some form the perspectives of individual, organizational, social factors, or etc. However rare studies pay attention to a more integrated framework of how knowledge can be effectively practiced and integrated. How to promote knowledge innovation and to develop new product through knowledge management is one of the most important subjects. Therefore, we purpose to offer an integrated framework of knowledge management upon product innovation to help firm meet time pressure and increase effectiveness, Particularly in those economic entities that are short of industrial experts who response of knowledge management.
A successful management system that brings benefits of human resources saving includes confirm of knowledge acquirement, build process flow for knowledge category, build knowledge map for hand tool industry, store of business knowledge, and develop capability of product
innovation. Our study contributes to (1) the competitive advantage of a firm through knowledge management practices, (2) the board application of the knowledge management upon product innovation with a through process guide and generalizability, (3) enhance a firm’s knowledge of product and sustain a firm’s capability of innovation, and (4) facilitate the knowledge management within a sector, and thereby facilitate the development of knowledge economy in Taiwan.
