Abstract
We are currently in the midst of great change, a condition which Lester Thurow (2003) called the third industrial revolution. It is a shift towards a knowledge-based economy, where knowledge is the most important resource, superseding the traditional management resources of land, capital, and labor (Drucker, 1993). This has stimulated more active discussion about the theory and practice of “knowledge management.” Yet most firms still have serious difficulty understanding the knowledge resource, and we still lack an effective theoretical framework for understanding the operations of the firm in the knowledge-based economy.
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© 2008 Ikujiro Nonaka, Ryoko Toyama and Toru Hirata
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Nonaka, I., Toyama, R., Hirata, T., Bigelow, S.J., Hirose, A., Kohlbacher, F. (2008). Introduction: Why We Need a New Theory of the Knowledge-Based Firm. In: Managing Flow. Palgrave Macmillan, London. https://doi.org/10.1057/9780230583702_1
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DOI: https://doi.org/10.1057/9780230583702_1
Publisher Name: Palgrave Macmillan, London
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