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The concept of innovation is the result of human activities carried out to produce a new product, service or something new that creates value. More recently, the idea of an innovative enterprise, organization or company has emerged, thanks to an increasing interest in innovation as an essential process in a variety of economic, technological and sociological contexts.

This book is part of a set on Innovation between Risk and Reward and focuses on the close relationship between innovation and knowledge. It provides the reader with the outline of an innovative company, focusing on the...

Communities of Practice (CoPs) are being increasingly employed in organizations and are probably the knowledge management tool today. They are a truly useful knowledge-sharing, transferring and retaining tool, surpassing other int- organizational networks such as project teams, operational teams, and purely informal networks. They also enjoy far greater success than pure IT tools employed to similar ends. The advantage is that they are based on like-minded people s fa- to-face meetings, exchange of experience, discussion and development of best practices etc. on an intra-organizational level,...