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Managing Knowledge to Enhance the Performance of the Grassroots Technological Innovation for Thai SMEs

Author

Listed:
  • Somchai Numprasertchai

    (Kasetsart University, Thailand)

  • Haruthai Numprasertchai

    (Kasetsart University, Thailand)

Abstract

It is widely recognized that SMEs play significant role in driving the country’s economy. Thai SMEs as well are heart of the Thailand’s economy. Numbers of Thai technological SMEs applies knowledge management (KM) to enhance their innovation capability. This qualitative research, applying a case study method, aims to investigate the practices of knowledge management towards the grassroots innovation of Thai technological SMEs. The research found that the successful Thai SMEs integrated both internal knowledge, namely technical knowledge, and the external knowledge related to the markets, and the needs of their target customers in inventing product or service innovation. Knowledge management facilitates the Thai entrepreneurs to create and select the right choice for innovation. Knowledge creation and integration help increasing the efficiency of the design and innovation management process. In addition, collaborations from their business alliances help promoting their innovations to the markets. Accordingly, knowledge management indeed supports the efficient innovation management process to Thai SMEs.

Suggested Citation

  • Somchai Numprasertchai & Haruthai Numprasertchai, 2013. "Managing Knowledge to Enhance the Performance of the Grassroots Technological Innovation for Thai SMEs," Diversity, Technology, and Innovation for Operational Competitiveness: Proceedings of the 2013 International Conference on Technology Innovation and Industrial Management,, ToKnowPress.
    • Handle: RePEc:tkp:tiim13:s3_252-263
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    References listed on IDEAS

    as
    1. Tuominen, Markku & Piippo, Petteri & Ichimura, Takaya & Matsumoto, Yoshio, 1999. "An analysis of innovation management systems' characteristics," International Journal of Production Economics, Elsevier, vol. 60(1), pages 135-143, April.
    2. Somchai Numprasertchai & Phasit Kanchanasanpetch & Haruthai Numprasertchai, 2009. "Knowledge creation and innovation capability in the public university," International Journal of Innovation and Learning, Inderscience Enterprises Ltd, vol. 6(5), pages 568-580.
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