Summary
Contents
Subject index
Managing Industrial Knowledge illuminates the complex processes at work in the creation and successful transfer of corporate knowledge. It is now generally recognized that the competitive advantages of firms depends on their ability to build, utilize and protect knowledge assets. In this volume many of the foremost international authors and pioneers of the study of knowledge in firms present their latest work and insights into organizational knowledge and innovation. In a world where markets, products, technologies, competitors, regulations, and even societies change rapidly, continuous innovation and the knowledge that produces innovation have become key. The chapters in this keynote volume shed new light on the co
Knowledge and Organization
Knowledge and Organization
Introduction
Business is concerned with creating value. The challenge for business strategy is ensuring that a significant proportion of this value creation is appropriated in profit. Business creates value in two ways: commerce and production. Commerce involves arbitraging commodities in space and time. Thus, commerce includes trade, whereby a commodity is transferred from a location where it is less valued to a location where it is more valued, and speculation, which involves transferring a commodity through time from a date where it is less valued to a date when it is more valued. Production involves the physical transformation of commodities from something that is less valued, such as crude oil, to something that is more valued, such as a plastic ...
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