Knowledge is defined as a familiarity, awareness or understanding of facts, information, descriptions, or skills. In order maintain the competitive advantage, many brands, companies, and organizations are using internal knowledge to capitalize and fuel innovation. Avon, for example, recently created a new Innovation Manager role in their organization, to keep them ahead of the curve enabling the company to have as much knowledge as possible on what’s next. Mintel, the research organization, makes a business of supplying the industry with the latest in research information and market analysis.
Internal knowledge can be in the form of big data, employee’s minds, social media statistics, and various technology or trend forecasting presentations, for example. Since The Beauty Marketplace represents members of the Health and Beauty business to business community, we are wondering what knowledge is most important to do you job most effectively…? Please post your reply and tell us about what you do and the information or knowledge you find most useful in your role.
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