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A Firm as a Knowledge-Creating Entity: A New Perspective on the Theory of the Firm

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  • Nonaka, Ikujiro
  • Toyama, Ryoko
  • Nagata, Akiya
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    Abstract

    The knowledge-based view of the firm views a firm as a knowledge-creating entity, and argues that knowledge and the capability to create and utilize such knowledge are the most important source of a firm's sustainable competitive advantage. Knowledge and skills give a firm a competitive advantage because it is through this set of knowledge and skills that a firm is able to innovate new products/processes/services, or improve existing ones more efficiently and/or effectively. The raison d'etre of a firm is to continuously create knowledge. Copyright 2000 by Oxford University Press.

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    Bibliographic Info

    Article provided by Oxford University Press in its journal Industrial & Corporate Change.

    Volume (Year): 9 (2000)
    Issue (Month): 1 (March)
    Pages: 1-20

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    Handle: RePEc:oup:indcch:v:9:y:2000:i:1:p:1-20

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    Cited by:
    1. Gary B. Magee, 2002. "Rethinking Invention: Cognition and the Economics of Technological Creativity," Department of Economics - Working Papers Series, The University of Melbourne 861, The University of Melbourne.
    2. Vesa Harmaakorpi & Arto Haikonen & Ilkka Kauranen, 2003. "The Shift of Techno-Economic Paradigm and Its Effects on Regional Disparities," ERSA conference papers, European Regional Science Association ersa03p226, European Regional Science Association.
    3. S. Bhaduri & H. Worch, 2008. "Past Experience, Cognitive Frames, and Entrepreneurship: Some Econometric Evidence from the Indian Pharmaceutical Industry," Papers on Economics and Evolution, Philipps University Marburg, Department of Geography 2008-04, Philipps University Marburg, Department of Geography.
    4. Alessandra Perri & Raffaele Oriani & Francesco Rullani, 2013. "Knowledge breadth of MNC subsidiaries and the duration of host-country firms' search," Working Papers 7, Department of Management, Università Ca' Foscari Venezia.
    5. Miloš Pukl, 2008. "Four Questions on Complexity and Learning," Interdisciplinary Description of Complex Systems - scientific journal, Croatian Interdisciplinary Society Provider Homepage: http://indecs.eu, Croatian Interdisciplinary Society Provider Homepage: http://indecs.eu, vol. 6(1), pages 10-20.
    6. Tomi Tura & Vesa Harmaakorpi, 2005. "Measuring Regional Innovative Capability," ERSA conference papers, European Regional Science Association ersa05p680, European Regional Science Association.
    7. Vesa Harmaakorpi & Satu Pekkarinen, 2003. "The Concept of the Regional Development Platform and Regional Development Platform Method (RDPM) as a Tool for Regional Development," ERSA conference papers, European Regional Science Association ersa03p392, European Regional Science Association.
    8. Wink, Ruediger, 2002. "The transregional dimension of territorial knowledge management. An evolutionary perspective on the role of universities," ERSA conference papers, European Regional Science Association ersa02p496, European Regional Science Association.
    9. Alessandra Perri & Raffaele Oriani & Francesco Rullani, 2012. "Does Co-Location Accelerate Knowledge Outflows from FDI? The Role of MNC Subsidiaries' Technology Sourcing Strategies," DRUID Working Papers, DRUID, Copenhagen Business School, Department of Industrial Economics and Strategy/Aalborg University, Department of Business Studies 12-09, DRUID, Copenhagen Business School, Department of Industrial Economics and Strategy/Aalborg University, Department of Business Studies.
    10. Cappellin, Riccardo & Steiner, Michael, 2002. "Enlarging the scale of knowledge in innovation networks: theoretical perspectives and policy issues," ERSA conference papers, European Regional Science Association ersa02p506, European Regional Science Association.
    11. Silviya Draganinska & Rudiger Wink, 2006. "Formal Knowledge Examination Institutions: Chance Or Threat to European Medium Tech-Nology SMEs? A Cognitive and Institutional Perspective," ERSA conference papers, European Regional Science Association ersa06p404, European Regional Science Association.
    12. José L. González-Pernía & Ferran Vendrell-Herrero, 2011. "Does the intensity in R&D generate start-up’s growth?," ERSA conference papers, European Regional Science Association ersa10p483, European Regional Science Association.
    13. Ulrich Witt & Tom Broekel & Thomas Brenner, 2007. "Knowledge and its Economic Characteristics - A Conceptual Clarification," Jena Economic Research Papers, Friedrich-Schiller-University Jena, Max-Planck-Institute of Economics 2007-013, Friedrich-Schiller-University Jena, Max-Planck-Institute of Economics.
    14. Margit Osterloh & Jetta Frost & Bruno Frey, 2002. "The Dynamics of Motivation in New Organizational Forms," International Journal of the Economics of Business, Taylor & Francis Journals, Taylor & Francis Journals, vol. 9(1), pages 61-77.
    15. Michael Steiner, 2004. "The Role of Clusters in Knowledge Creation and Diffusion – an Institutional Perspective," ERSA conference papers, European Regional Science Association ersa04p612, European Regional Science Association.
    16. H. J. Sapienza & D. De Clercq & W. R. Sandberg, 2004. "Antecedents of international and domestic learning effort," Working Papers of Faculty of Economics and Business Administration, Ghent University, Belgium, Ghent University, Faculty of Economics and Business Administration 04/278, Ghent University, Faculty of Economics and Business Administration.
    17. Harison, Elad & Koski, Heli, 2010. "Applying open innovation in business strategies: Evidence from Finnish software firms," Research Policy, Elsevier, Elsevier, vol. 39(3), pages 351-359, April.
    18. Hazar Ben Barka & Sarah Mokaddem, 2012. "Nature of the Director's profile and Knowledge Transfer in Corporate Social Responsibility: A Literature-based Approach," Post-Print, HAL hal-00692350, HAL.

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