The cost of knowledge management is high, but that of ignorance is higher. When all is certain and understood, there is little need for imagination. When all is doubt and uncertainty, the imagination becomes a key survival tool. Without imagination it is impossible to consider and think about the unknown. Without imagination, there can be no living stories, only dead information.
Innovation is the product of imagination and so is adaptation.
Knowledge is what makes companies unique even within the same industry. We are just beginning to discover how to value knowledge in our organisations and the fact that knowledge has no value until it is put to use. Good ideas come from many places. Innovations are a product of the individual heart and mind not the research laboratory. You don't make a discovery for yourself.