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existing knowledge is supplemented by the idea that markets are also most effectively creating new knowledge. However, in his … assessment Hayek neglects the role of new technological knowledge. He ignores that the discovery procedure induces not only price …
Persistent link: https://www.econbiz.de/10009643731
of it. In the same time, we shall demonstrate the complexity of the knowledge domain and the fact that this metaphorical …
Persistent link: https://www.econbiz.de/10009416729
The functionality of organizational routines, i.e. the factual value for accomplishing their purposes, is an important constraint on the capabilities an organization can bring to bear on its operations. Often falling short of its potential, the actual make-up of organizational routines invites...
Persistent link: https://www.econbiz.de/10008632869
The purpose of this paper is to present an overview of the state-ofthe- art in organizational knowledge creation, a … field of research that is expanding almost exponentially. Knowledge creation is a dynamic capability that enables firms to … published in this field, and especially to present the most important models elaborated for organizational knowledge creation …
Persistent link: https://www.econbiz.de/10008506251
This paper discusses several features of knowledge that are often considered crucial for characterizing the economic … significance of knowledge: whether it is overtly accessible or tacit, whether it can be or is encoded or not, and whether it has … public or private good character. It is argued that all these features depend similarly on the state of the knowledge …
Persistent link: https://www.econbiz.de/10005090570
To produce an effect, knowledge needs to be first acquired and expressed by a human agent. This trivial fact is a … constraint on knowledge commercialization. The highly systemic nature of the decentralized production of knowledge is another …, focusing particularly on the often-neglected entrepreneurial aspects of the transfer of knowledge. It shows how the constraints …
Persistent link: https://www.econbiz.de/10008603418
The purpose of this paper is to present an analysis of the emergent knowledge economy and its dimensions. The knowledge … economy is based primarily on the development of intangibles, and knowledge processing. The knowledge revolution is changing … the way we think and work, and the knowledge worker reflects the nature of the new economic driving forces. The knowledge …
Persistent link: https://www.econbiz.de/10008462751