Boeing Rocketdyne explicitly communicates the importance of innovation and knowledge sharing through its strategic objectives, which are to execute a healthy core business, evolve strengths into new products, and expand into new frontiers to expand the business and increase profitability. Five other company objectives are specific to KM:

1. to document and transmit explicit knowledge and to capture tacit knowledge so it can be shared across the organization;

2. to continuously improve methodologies and process or business efficiencies through integrated product databases and product data management that will increase the probability of first-round success;

3. to decrease the amount of reinvention and duplication of original work;

4. to foster communication, collaboration, and connectivity within the organization in order to decrease the time-to-market; and

5. to maintain the organization’s competitive advantage in propulsion and power markets and open or gain entry to new markets.