Innovation Networks and Knowledge Clusters Accelerating Value Creation in the Middle East and North Africa

Abstract

Purpose: Middle East and North Africa (MENA) countries demonstrate outstanding potential for innovative entrepreneurship due to the undiversified economy it has. The chapter unravels knowledge management’s scope to convert the MENA into a knowledge economy while ensuring sustainable development. Knowledge management through digitalization, big data analytics, and other technology-enabled practices could be embraced through various knowledge clusters and innovation networks.

Design/methodology/approach: The chapter proposes a conceptual model based on the quadruple helix model of innovation and associated knowledge and innovation networks operating together through a technology-enabled knowledge management process. MENA’s current status and expected performance are analyzed based on the given model.

Findings: An emergent need to digitalize the institutional operations, and knowledge flow from the four helices of innovation is realized. To ensure economic sustainability, MENA countries need to work on political stability, transparency, and accountability to ensure the flow of reliable knowledge in the knowledge management process. Building human competencies and skills is still a challenge for many MENA countries. Hence, education institutes need to introduce academic programs that are compatible with the labor requirement of the area. Since the region has a youth population in large proportion, human capital formation can bypass the over-population and unemployment challenge and instead become a competitive advantage.

Originality/value: The given chapter explores the knowledge management process, capabilities, benefits, competencies from the perspective of sustainable growth in MENA countries. It also recommends extensive data operations and analytics to enhance the knowledge-based economy.

Citation

Dhaulta, N. (2022), "Innovation Networks and Knowledge Clusters Accelerating Value Creation in the Middle East and North Africa", Sindakis, S. and Aggarwal, S. (Ed.) Entrepreneurial Rise in the Middle East and North Africa: The Influence of Quadruple Helix on Technological Innovation (Advanced Strategies in Entrepreneurship, Education and Ecology), Emerald Publishing Limited, Leeds, pp. 217-232. https://doi.org/10.1108/978-1-80071-517-220221013