Knowledge is becoming a primary driver of social and economic well-being as economies begin to depend less on the traditional resources of land, labor and capital (Drucker, 1993). Thus, knowledge creation is an important activity for organizations that strive to achieve greater effectiveness and responsiveness in this turbulent global environment. Knowledge creation is important not only for organizational competitiveness and survival, but can have far-reaching societal, national, and global consequences. This chapter discusses the knowledge creation process and its relationship with other knowledge activities, as well as its role in knowledge management. It examines different types of knowledge and the processes that encourage knowledge creation. [ABSTRACT FROM AUTHOR]