Innovation Management and Knowledge Sharing in Multinational Firms

Abstract

Knowledge sharing is a critical component of innovation management in multinational firms. This study examines how firms in the technology and pharmaceutical sectors facilitate knowledge transfer across global teams. Surveying 250 firms and 1,000 employees, the research finds that formal mechanisms (like shared databases and structured training) combined with informal networks (like mentoring and cross-functional teams) enhance creativity, product development, and process improvements. Barriers include cultural differences, lack of trust, and geographic distance. The study provides strategies for managers to foster an innovation-friendly culture while leveraging global knowledge assets.