BID model

The BID model, or Buy-Improve-Develop model, is a framework in general knowledge management and innovation. It suggests that organizations can enhance their capabilities and competitiveness by focusing on three key actions: 1. **Buy**: Acquiring existing knowledge or technologies from outside the organization. 2. **Improve**: Enhancing the current knowledge and processes internally through innovation and efficiency. 3. **Develop**: Growing new knowledge and skill sets through training, research, and collaboration. By balancing these actions, organizations can effectively boost their knowledge base and adapt to changing environments.