The overarching objective of the 5*50 initiative was to solicit new suggestions to enlarge the company’s enterprise. Nevertheless, the entrepreneurship demand for the 5*50 initiative necessitates widening the company’s leadership abilities beyond the founders.
To achieve a billion-dollar corporation, the knowledge map (KM) feature must implement programs such as the gardening procedure. To create more awareness, the company must provide opportunities for its staff members to share understanding with coworkers, associates, consumers, distributors, and academics.
To empower the knowledge about the business, the KM facilities would now include collaborators, clients, distributors, and university professors. The importance to people should be embedded into the KM framework via an Information Technology (IT)-enabled power grid.
Stakeholders should be allowed to join small communities, participate in meetings and workshops, and teach classes, as well as share their experiences. Concentrating on various parties would improve the exchange of knowledge required to strengthen the innovation capabilities upon which the firm’s success is based.