IDEAS home Printed from https://ideas.repec.org/a/spr/jknowl/v5y2014i2p203-211.html
   My bibliography  Save this article

Strategic Knowledge Arbitrage and Serendipity (SKARSE™) in Action

Author

Listed:
  • Elias Carayannis

Abstract

In today’s globalizing and hypercompetitive marketplace, knowledge, and learning are the only capabilities that can provide sustained competitive advantage. “Knowledge” is the content of learning and a firm gains competitive superiority either by knowing something that its competitors do not know or by having a certain type of knowledge that cannot easily be replicated. “Learning” is the process of gaining new knowledge, so that the firm is constantly accumulating and assimilating knowledge and this becomes the basis for creating and improving organizational routines. Learning is the also the basis of what strategists are calling firms’ “dynamic capabilities”, which enable them to build new competences in an evolutionary cycle to maintain an edge in an ever-changing industrial environment. This paper briefly explores conceptually and attempts to validate empirically the nature and dynamics of strategic knowledge arbitrage and serendipity (SKARSE™) as real options drivers (RODs). The author reviews and assesses how, why, and when SKARSE™ serve as high value-adding RODs and identifies critical success and failure factors in designing and implementing real options that leverage SKARSE™. He also examines the lessons learned from actual mergers and acquisitions. Finally, he addresses the operation of SKARSE™ in the context of a complex evolutionary ecosystem shaped by the dynamics of co-opetition, co-evolution, and co-specialization. Copyright Springer Science+Business Media New York 2014

Suggested Citation

  • Elias Carayannis, 2014. "Strategic Knowledge Arbitrage and Serendipity (SKARSE™) in Action," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 5(2), pages 203-211, June.
    • Handle: RePEc:spr:jknowl:v:5:y:2014:i:2:p:203-211
    DOI: 10.1007/s13132-012-0142-3
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1007/s13132-012-0142-3
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1007/s13132-012-0142-3?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Jan Stejskal & Petr Hajek, 2019. "Modelling collaboration and innovation in creative industries using fuzzy set qualitative comparative analysis," The Journal of Technology Transfer, Springer, vol. 44(3), pages 981-1006, June.
    2. G. Martinidis & N. Komninos & E. Carayannis, 2022. "Taking into Account the Human Factor in Regional Innovation Systems and Policies," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 13(2), pages 849-879, June.
    3. Elias G. Carayannis & Mike Provance & Evangelos Grigoroudis, 2016. "Entrepreneurship ecosystems: an agent-based simulation approach," The Journal of Technology Transfer, Springer, vol. 41(3), pages 631-653, June.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:jknowl:v:5:y:2014:i:2:p:203-211. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.