Intellectual capital in Society 5.0 by the lens of the knowledge creation theory

Abstract

Purpose

This paper reviews the development of knowledge creation theory in the last quarter-century and how it has contributed to innovation management and looks into social and human aspects of innovation in the era of “Society 5.0”.

Design/methodology/approach

This research aims to relate basic theoretical concepts: knowledge creation and knowledge assets, purpose, leadership, and place (Ba) for innovation to drive innovation and its management as a whole ecosystem. It also discusses the application to innovation management systems open innovation, and social innovation.

Findings

Today's innovation demands socio-economic fusion that goes beyond current corporate boundaries. By preparing the system (knowledge ecosystem) as the basis, we could build the bridge, and such fusion would be possible.

Research limitations/implications

This paper shows the framework of the idea. Evidence-based research based on “knowledge assessment” will be discussed on another occasion.

Originality/value

This research is to explain knowledge management, innovation, and social innovation beyond the corporate framework.

Citation

Konno, N. and Schillaci, C.E. (2021), "Intellectual capital in Society 5.0 by the lens of the knowledge creation theory", Journal of Intellectual Capital, Vol. 22 No. 3, pp. 478-505. https://doi.org/10.1108/JIC-02-2020-0060