TECHNOLOGY, INNOVATION AND KNOWLEDGE TRANSFER: A VALUE CHAIN PERSPECTIVE

Technologies in the Fourth Industrial Revolution blur the lines between the physical, digital and economic field across national boundaries. Knowledge, innovation and technology produce economy for countries. Society would benefit from a clear understanding of the contemporary state of technology readiness and adoption, and their converging impact and value on the factory floor, firms, industries, society. Scholars demonstrated that technology, innovation and knowledge play a significant role in value creation. Even though few research has been carried out, no studies have been found explaining how owners would manage innovation and knowledge vision and turning them successfully into organizational performance by creating values. Therefore, in this paper the authors are stating about the research problem of not understanding the process. Knowledge is that which is known, by its very nature it depends on thought and it is also transferred by thought, thought and behaviour both based on values. Transfer of knowledge is understood as moving of knowledge from lower to higher agency levels in explicit or tacit form. Moreover, the innovation lens captures the perspective of value creation. The main purpose to develop a better understanding has reached, also a view towards generating discussion and debate in this important research area. Practically in order to transfer knowledge there is a need for proficient owners. A future development will be a cross-national research, involving action research strategy which offers a unique opportunity to bridge the large and growing divide between the vast majority of research that is conducted and the usefulness of that research for organizations.