Abstract
In the knowledge-based economy, creation, management, and dissemination of knowledge in an organized way will certainly enhance the innovative practices of companies in any country. This article has tried to explore the impact of various factors on innovation. Following a qualitative research methodology, the article has come up with 8 propositions and tried to build up the arguments in the real company's context in India by 3 case studies. The research has been able to provide necessary evidence of particular companies and tried to build arguments for the suggested propositions. The findings of the research article will certainly help academicians and practitioners to emphasize the intellectual property related laws of any country to enhance the innovation quotient of any country.