Knowledge creation process & Innovation in Egyptian Banking Sector

1Concept of Knowledge creation process in organisation In 1995, Nonaka and Takeuchi proposed a model for creating knowledge in organizations. They argued that the success of many Japanese firms depends on their ability to create new organisational knowledge through a cyclic model of continuous interactions and transformation of tacit and explicit knowledge on three levels: individuals, groups and organizations. This occurs through the four processes of socialisation, externalisation, combination, and internalisation, as depicted in their SECI model. This model has become widely accepted by scholars and widely quoted in approaches to classifying, creating, documenting, sharing and transferring and knowledge, from a (knowledge management) KM perspective, (Haggie and Kingston, 2003; Aurum et al., 2008). The following figure describes the four processes of SECI model.