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Organizational knowledge, collective practice and Penrose rents

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  • Spender, J. -C.

Abstract

Recent developments in the resource-based theory of the firm have suggested that organizational knowledge is the key to competitive advantage. We argue for several different types of knowledge, developing a two-by-two matrix using the explicit-implicit and individual-social distinctions. Resource-based theory characteristically overlooks the collective knowledge and skills required to coordinate the resources into a viable bundle. It overlooks, therefore, the synergistic aspects of the organization as a system of practice. We argue that these are emergent, a result of fundamental collective learning and remembering capabilities, and the key to the firm's sustainable competitive advantage. We conclude by raising the paradox embedded in Penrose's theory of the firm, that if the collective resources built up by learning by doing give rise to Penrose rents, they are also appropriable.

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Bibliographic Info

Article provided by Elsevier in its journal International Business Review.

Volume (Year): 3 (1994)
Issue (Month): 4 (December)
Pages: 353-367

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Handle: RePEc:eee:iburev:v:3:y:1994:i:4:p:353-367

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Keywords: Organizational Knowledge Collective Learning Penrose Rents;

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Cited by:
  1. van den Bosch, F.A.J. & van Wijk, R.A.J.L., 2000. "Creation of Managerial Capabilities Through Managerial Knowledge Integration," ERIM Report Series Research in Management ERS-2000-19-STR, Erasmus Research Institute of Management (ERIM), ERIM is the joint research institute of the Rotterdam School of Management, Erasmus University and the Erasmus School of Economics (ESE) at Erasmus University Rotterdam.
  2. Glaister, Keith W. & Husan, Rumy & Buckley, Peter J., 2003. "Learning to manage international joint ventures," International Business Review, Elsevier, vol. 12(1), pages 83-108, February.
  3. Spulber, Daniel F., 2012. "Tacit knowledge with innovative entrepreneurship," International Journal of Industrial Organization, Elsevier, vol. 30(6), pages 641-653.
  4. Eymann, Torsten (Ed.), 2011. "Tagungsband zum Doctoral Consortium der WI 2011," Bayreuth Reports on Information Systems Management 51, University of Bayreuth, Chair of Information Systems Management.
  5. Nicolai J. Foss, 1997. "Equilibrium vs Evolution in the Resource-Based Perspective The Conflicting Legacies of Demsetz and Penrose," DRUID Working Papers 97-10, DRUID, Copenhagen Business School, Department of Industrial Economics and Strategy/Aalborg University, Department of Business Studies.
  6. A.K.M. Mominul Haque Talukder & Md. Irfanuzzaman Khan, 2013. "Human Resource Planning and Competitive Advantage: Investigating the Relationship," KASBIT Journal of Management & Social Science, Khadim Ali Shah Bukhari Institute of Technology (KASBIT), vol. 6, pages 29-37, December.
  7. Iman Seoudi & Matthias Huehn & Bo Carlsson, 2008. "Penrose Revisited: A Re-Appraisal of the Resource Perspective," Working Papers 14, The German University in Cairo, Faculty of Management Technology.
  8. Kraaijenbrink, Jeroen & Spender, JC & Groen, Aard, 2009. "The resource-based view: A review and assessment of its critiques," MPRA Paper 21442, University Library of Munich, Germany.
  9. Shameen Prashantham, 2005. "Toward a Knowledge-Based Conceptualization of Internationalization," Journal of International Entrepreneurship, Springer, vol. 3(1), pages 37-52, January.
  10. María del Mar Benavides-Espinosa & Salvador Roig-Dobón, 2011. "The role of entrepreneurs in transferring knowledge through human resource management and joint venture," International Journal of Manpower, Emerald Group Publishing, vol. 32(1), pages 117-131, March.

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