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The discovery and coordination of resource complements in a dispersed knowledge society

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  • Desmond Ng

Abstract

Although knowledge based theories of the firm and capabilities perspectives provide important understanding to the organisation and development of a firm's knowledge, the insights of Austrian economics present a third but neglected approach to knowledge based perspectives. Austrian economics subscribe that the key knowledge problem is how to adapt to unanticipated change when knowledge experiences are dispersed in the market. Through the discovery of resource complements, a conceptual model is developed to explain adaptation in terms of the coordination of diverse knowledge experiences. This conceptual model is drawn from the entrepreneurial behaviours of Austrian economics and strategic network perspectives. This conceptual model is also used to explain the coordination of resource complements by exploiting inter-temporal knowledge experiences. Knowledge based strategies are, thus, developed with this model. Implications of this model to knowledge-based theories are also discussed.

Suggested Citation

  • Desmond Ng, 2005. "The discovery and coordination of resource complements in a dispersed knowledge society," International Journal of Human Resources Development and Management, Inderscience Enterprises Ltd, vol. 5(2), pages 142-163.
    • Handle: RePEc:ids:ijhrdm:v:5:y:2005:i:2:p:142-163
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    Cited by:

    1. Desmond Ng, 2021. "Balancing Agency with Structure: Institutional Entrepreneurship as an Embedded Discovery Process," Journal of Entrepreneurship and Innovation in Emerging Economies, Entrepreneurship Development Institute of India, vol. 7(2), pages 147-164, July.

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