Toward a more efficient knowledge network in innovation ecosystems: A simulated study on knowledge management

Abstract

Knowledge management has become increasingly important in the era of knowledge economy. This study explores what is an optimal knowledge network for more efficient knowledge diffusion among strategic partners in order to provide insights on sustainable enterprises and a more knowledge-efficient innovation ecosystem. Based on simulated analyses of the efficiency of knowledge network models, including regular network, random network, and small world network, this study shows that a random knowledge network is more efficient for knowledge diffusion when a mixture knowledge trade rule is used. This study thus helps identify which knowledge networks facilitate knowledge exchange among collaborative partners for sustainable knowledge management. Management practitioners and policymakers can use the findings to design more appropriate knowledge exchange networks to improve the efficiency of knowledge diffusion in an innovation ecosystem.