The Conceptual Framework for Individual Innovation Knowledge Sharing and Work Efficiency in SMEs
DOI:
https://doi.org/10.14456/ajmt.2024.20Keywords:
Knowledge Sharing, Individual Innovation, Work EfficiencyAbstract
In today’s rapidly evolving business landscape, small and medium-sized enterprises (SMEs) must adapt to remain competitive. Individual innovation and knowledge sharing play crucial roles in enhancing work efficiency within these organizations. This study proposes a comprehensive conceptual framework that synthesizes existing academic literature to explain the intricate relationship between individual innovation, knowledge sharing, and work efficiency. The framework identifies three interconnected dimensions: 1) Individual innovation encompasses personal characteristics, preparedness for the future and new opportunities, creative thinking, social skills, networking, and technological knowledge and proficiency; 2) Knowledge sharing involves the exchange, extraction, consolidation, and integration of knowledge and 3) Work efficiency, encompassing quantity, quality, and timeliness, is of paramount importance. The proposed framework serves as a solid foundation for empirical investigations, specifically tailored to the context of Thai SMEs. Not only does it address the immediate research objectives, but it also lays the groundwork for future studies, contributing to a deeper understanding of the dynamics within SMEs. By leveraging individual innovation and fostering knowledge sharing, entrepreneurs can enhance work efficiency, ultimately attaining success and competitive advantage.
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