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Is Idea Management the same as Traditional Knowledge Management?
Home » Entrepreneurship » Idea Management » Is Idea Management the same as Traditional Knowledge Management?No. Traditional Knowledge Management focuses primarily on the extraction, structuring and implementation of recorded knowledge regarding a business throughout its past history. Idea Management, on the contrary, is focused more on the creative development of new ideas for the future of the business in hopes of solving current problems.
Thus, Traditional Knowledge Management primarily is concerned with the past accumulation of information applicable to everyday integration so that the business might operate at a high level whereas Idea Management is concerned with the development and discussion of new ideas that can be implemented immediately for a competitive advantage.
One of the downsides to Traditional Knowledge Management is that pre-existing information �fine-tune� corporate resources in the present and leave a business open to future risks or liabilities.
Since good and positive ideas occur on an almost daily basis, Idea Management takes over where Traditional Knowledge Management leaves off and prepares a business to look towards the future.
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