Conceptual Model of Knowledge Management Implementation in the Heavy Equipment Industry to Enhance Innovation and Productivity

Abstract

Productivity and innovation are two components that are very important for the progress of a company. Business competition, rapidly changing situations and the increasingly short life cycle of a product require companies to be able to carry out exploration and exploitation in order to achieve high performance and at the same time maintain business continuity. Knowledge plays an important role in improving exploration and exploitation capabilities, so every company needs to pay special attention to how to manage knowledge so that it can be utilized optimally. Therefore, the role of knowledge management becomes very important. From the research of previous researchers, the implementation of knowledge management in various knowledge-intensive industries has been widely carried out. The heavy equipment industry, which has its own character and uniqueness, also requires a knowledge management model. This research is aimed at developing a conceptual model of knowledge management in the heavy equipment industry based on knowledge management models that have been introduced by previous researchers. It is hoped that the results of this research can help companies operating in the heavy equipment industry to implement knowledge management so that they can increase their innovation capabilities and productivity.