| Abstract: | In many firms and in many industrialised countries, innovation is regarded as fundamental to growth and wealth creation. However, it is not easy to define a measure of innovation that is a leading indicator for value creation. This would imply a linear model of knowledge as a simple input to value-creating processes. Instead, intellectual capital is suggested as an alternative, employing a (non-linear) narrative of how knowledge works. This is illustrated by the case of a medium-sized Danish firm which accounts for the relationship between knowledge and innovation by using a network of a knowledge narrative, management challenges, efforts and numbers. |
