On the civic role of firms in emerging ecologies of value
AbstractKnowledge is the main competitive assets in today economy. This resource, differently from the others firms have traditionally managed, increases its value through sharing and diffusing. Adoption, in fact, does not only contribute to increase its trustworthiness, but also to broadening its scope and application. The development of global digital infrastructures such as Internet has even enhanced the potential advantages that may derive from sharing knowledge. In this paper the development of ecologies of value, context of knowledge sharing where parties partecipate to the production of a collective value, is presented as alternative strategy to protecting the value of knowledge through intellectual property right. Being able to leverage on the potential disclosed by collective interaction in ecology of values requires participants not exploiting open accessibility to their own advantage. This calls for the emergence of a new ethic. An ethic of the abundance, where people develop a complete consciousness of the potential deriving from sharing knowledge for their own success and happiness. The role of firms in emerging ecologies of value is to promote the development of such an ethic by setting up context of interaction that are open, based on tolerance and mutual transparency
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Bibliographic InfoPaper provided by Department of Economics, Management and Quantitative Methods at Università degli Studi di Milano in its series Departmental Working Papers with number 2007-29.
Date of creation: 10 Sep 2007
Date of revision:
Corporate Governance; Ethics; Knowledge-based Economy; Intellectual Property Rights;
Find related papers by JEL classification:
- G3 - Financial Economics - - Corporate Finance and Governance
- L17 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Open Source Products and Markets
- L24 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Contracting Out; Joint Ventures
This paper has been announced in the following NEP Reports:
- NEP-ALL-2009-06-17 (All new papers)
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