2. What Are Knowledge And Innovation? Overview Of Concepts And The Evolution Of Concepts
The Wikipedia definition of knowledge, also cross-referencing to the Oxford English dictionary, lists as a crucial element of knowledge “the theoretical or practical understanding of a subject”. The Wikipedia definition furthermore associates knowledge to “expertise, and skills” that a person may have gained either by experience or through education.1 Currently, there exists a general belief (indicated by numerous publications) that knowledge becomes increasingly important for society, the economy and also democracy. Advancements and a sustainable development of society and the economy appear unlikely without leveraging and enhancing knowledge. This adds plausibility for using concepts such as the knowledge-based society, the knowledge-based economy and the knowledge-based democracy (Carayannis & Campbell, 2009, p. 224). Perhaps there is even a shift not only to speak of the knowledge-based society and economy, but of a knowledge society and a knowledge economy per se that is being endogenously driven by knowledge. The concept of a knowledge democracy consequently complements such propositions.