Knowledge Management and Entrepreneurship Research and Practice

A contentious merger seems to characterize the relationship between entrepreneurship, defined as the process of bringing new products and services to the market, and knowledge management. Even when discussed from the perspective of dynamic knowledge creation and innovation rather than from the codification and organization of a firm's knowledge base, the knowledge management process of new ventures often fails to keep pace with best practices. This is particularly puzzling as the competitive advantage of new ventures stems from exploiting tacit knowledge, which is at the heart of successful knowledge creation and management. This chapter investigates this contradiction and discusses challenges and opportunities to both the practitioner and the researcher.