Author:  L. Hartmann Affiliation:  Independent Researcher People often say that creativity, R&D budgets, or "good leadership" lead to innovation. But a lot of companies with smart people and a lot of money still have trouble coming up with new ideas all the time. This article posits that a more dependable explanation resides in knowledge capital: the aggregated, organised, and deployable reservoir of expertise, competencies, procedures, connections, and credibility that enabl