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Knowledge, Learning, Networks and Performance of Firms in Knowledge-Based Economies

  • Daniele Schilirò

    ()

This essay aims at analyzing the factors which are strategic for the performance of firms in knowledge based economies. The essay follows a theoretical perspective along the Schumpeterian tradition, but different from mainstream economics. The theoretical literature on the economics of knowledge, on industrial organization and on strategic management studies, has focused the analysis on the process of generation of knowledge and its consequences for innovation, on the mechanism of knowledge diffusion and its crucial relationship with learning, on the capabilities possessed by the firms and also on the important role of networks. Here, I focus on the crucial role of learning, on the importance of creating new knowledge as the basic source of competitive advantage, on the relevance of the environment, on the external relationships, on the essential function of open scientific knowledge. I also point out the complexity of knowledge, since mastering new knowledge for the firm is an extremely complex process. Finally, I look at the networks and investigate the rationale of networking, therefore I treat the issue of competition/collaboration duality, since alliance is also a complex phenomenon, where collaborative behaviours and competitive relations coexist; a more eclectic view is, thus, offered on this issue with the aim to provide a new theoretical framework of inter-firm relations.

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Paper provided by Università Cattolica del Sacro Cuore, Centro di Ricerche in Analisi economica e sviluppo economico internazionale (CRANEC) in its series CRANEC - Working Papers del Centro di Ricerche in Analisi economica e sviluppo economico internazionale with number crn0702.

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Date of creation: 2007
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Handle: RePEc:crn:wpaper:crn0702
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  1. Riccaboni, Massimo & Pammolli, Fabio, 2001. "On Firm Growth in Networks," MPRA Paper 15964, University Library of Munich, Germany, revised 12 Nov 2001.
  2. Robin Cowan & Paul A. David & Dominique Foray, 1999. "The Explicit Economics of Knowledge Codification and Tacitness," Working Papers 99027, Stanford University, Department of Economics.
  3. Paul A. David & Dominique Foray, . "Economic Fundamentals of the Knowledge Society," Working Papers 02003, Stanford University, Department of Economics.
  4. Dominique Foray, 2006. "The Economics of Knowledge," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262562235, June.
  5. Richard R. Nelson, 1995. "Recent Evolutionary Theorizing about Economic Change," Journal of Economic Literature, American Economic Association, vol. 33(1), pages 48-90, March.
  6. Shaker A. Zahra & Harry J. Sapienza & Per Davidsson, 2006. "Entrepreneurship and Dynamic Capabilities: A Review, Model and Research Agenda," Journal of Management Studies, Wiley Blackwell, vol. 43(4), pages 917-955, 06.
  7. Dani Rodrik, 1998. "Symposium on Globalization in Perspective: An Introduction," Journal of Economic Perspectives, American Economic Association, vol. 12(4), pages 3-8, Fall.
  8. Nelson, Richard R., 2004. "The market economy, and the scientific commons," Research Policy, Elsevier, vol. 33(3), pages 455-471, April.
  9. Ake Lundvall & Bengt, 2003. "Why the new economy is a learning economy," ECONOMIA E POLITICA INDUSTRIALE, FrancoAngeli Editore, vol. 2003(117).
  10. Freeman, C., 1991. "Networks of innovators: A synthesis of research issues," Research Policy, Elsevier, vol. 20(5), pages 499-514, October.
  11. William C. Bogner & Pratima Bansal, 2007. "Knowledge Management as the Basis of Sustained High Performance," Journal of Management Studies, Wiley Blackwell, vol. 44(1), pages 165-188, 01.
  12. Smith, Keith, 2002. "What is the 'Knowledge Economy'? Knowledge Intensity and Distributed Knowledge Bases," UNU-INTECH Discussion Paper Series 06, United Nations University - INTECH.
  13. Cohen, Wesley M & Levinthal, Daniel A, 1989. "Innovation and Learning: The Two Faces of R&D," Economic Journal, Royal Economic Society, vol. 99(397), pages 569-96, September.
  14. Daniele Schilirò, 2005. "Economia della Conoscenza, Dinamica Strutturale e Ruolo delle Istituzioni," CRANEC - Working Papers del Centro di Ricerche in Analisi economica e sviluppo economico internazionale crn0502, Università Cattolica del Sacro Cuore, Centro di Ricerche in Analisi economica e sviluppo economico internazionale (CRANEC).
  15. Paul A. David, 2004. "Understanding the emergence of 'open science' institutions: functionalist economics in historical context," Industrial and Corporate Change, Oxford University Press, vol. 13(4), pages 571-589, August.
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