Liu, P., Chen, W. & Tsai, C. (2005). An Empirical Study on the Correlation Between the Knowledge Management Method and New Product Development Strategy on Product Performance in Taiwan's Industries. Technovation, 25, 637-644.

Format: Peer-reviewed article

Type: Research — Non-experimental

Experience level of reader: Fundamental

Annotation: The authors of this article test the relationships between Knowledge Management, New Product Development Strategy and New Product Development Performance. They define Knowledge Management as comprising four components, knowledge obtaining, knowledge refining, knowledge storing and knowledge sharing. New Product Development Strategy is believed to include, a company's developing orientation, the market characteristic orientation, and the level of innovation. New Product Development Performance was measured based on life cycle, sales and profits and time to market. Significant relationships were found.

Setting(s) to which the reported activities/findings are relevant: Large business, Small business (less than 500 employees)

Knowledge user(s) to whom the piece of literature may be relevant: Manufacturers, Researchers

Knowledge user level addressed by the literature: Organization

This article uses the Commercial Devices and Services version of the NtK Model

Tip: Develop a strong Knowledge Management system within a complete New Product Development Strategy and the New Product Development Performance will be more effective.
Survey. T-Tests and Multiple regressions were performed on each component of Knowledge Management and New Product Development Strategy to New Product Development Performance. All results were found to be significant and positive.
Occurrence of finding within the model: Tip 1.1, Tip 2.2, Tip 4.13, KTA Step 1.A, KTA Step 1.B, KTA Step 2.A, KTA Step 2.B