Managing numbers and knowledge : Some ways to boost innovation

Purpose – This paper aims to review the latest management developments across the globe and pinpoint practical implications from cutting‐edge research and case studies. Design/methodology/approach – This briefing is prepared by an independent writer who adds their own impartial comments and places the articles in context. Findings – According to an oft cited old adage, two heads are better than one. Similar sentiments are expressed by another claiming that many hands make light work. To countless inhabitants of the business world, such beliefs will seem highly appropriate. With competition growing ever fiercer, organizations must possess the means to innovate constantly in order to remain ahead of the pack. Innovation demands a workforce containing a sufficient number of talented and creative employees that possess critical knowledge and an ability to generate breakthrough ideas and transform them into positive outcomes. The more of these key workers, the better is a cry likely to reverberate around most boardrooms. Practical implications – Firms should develop value systems that encourage collaboration and information transfer. Effective repositories for storing information also need to be in place. Creation of appropriate systems can help facilitate connection and information exchange with other organizations in the region and beyond. Social implications – The paper provides strategic insights and practical thinking that can have a broader social impact. Originality/value – This briefing saves busy executives and researchers hours of reading time by selecting only the very best, most pertinent information and presenting it in a condensed and easy‐to‐digest format.