Focusing on the connotations, influence factors, strategies of knowledge creation, the authors elaborate the studying processes of knowledge creation in foreign countries and find out that knowledge creation is firms' effective way to reach the goal of innovation by exploiting and utilizing the valuable knowledge resources to produce new knowledge. Individual and organizational factors play important roles in affecting knowledge creation. Firms achieve competitive advantages and new values through operating knowledge creation. Finally, the less studied areas of knowledge creation are discussed, including synergy of multiple agents, personal psychological factors, collaborations of different organizations in knowledge network, risks of knowledge leaking in knowledge creation. Thus, the ideas of knowledge creation research are put forward for the future study.
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