Preface to the special issue: Emerging information technologies for effective knowledge management—towards high-performance business organizations and value networks
✍ Scribed by Patricia Ordóñez de Pablos
- Publisher
- John Wiley and Sons
- Year
- 2010
- Tongue
- English
- Weight
- 64 KB
- Volume
- 20
- Category
- Article
- ISSN
- 1090-8471
No coin nor oath required. For personal study only.
✦ Synopsis
A key question in strategy research is why firms differ in their profitability and competitive advantage. In answering this question, our attention should be addressed to the fact that firms and organizations are formed by collections of resources and capacities.
The strategic building material of firms and organizations today is the creation and use of knowledge-based resources. These intangible resources are invisible to many companies, however, making measurement and management difficult for most managers. If we understand the key elements of intellectual capital that do, in fact, drive value, we will be able to achieve a competitive advantage for the organization. These new strategic decisions will reflect new forms of working, new models of business, and new approaches to management thinking.
According to Nonaka and Takeuchi (1995), ". . . in an economy where the only certainty is uncertainty, the one sure source of lasting competitive advantage is knowledge. . . Successful companies are those that consistently create new knowledge, disseminate it widely throughout the organization, and quickly embody it in new technologies and products" (p. 49