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On the External Dimension of Business Knowledge Flows: “Markets for Knowledge Resources”

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Unpacking Open Innovation

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Abstract

To understand the phenomenon of markets for (knowledge) resources, which have determined a progressive and marked widening of the area of sourcing knowledge resources for business, it is necessary to fix, as a starting point, analyses of business behavior (Pierce and Aguinis, 2013). These analyses show, in an unequivocal manner, how the search for original techniques for the management and development of knowledge constitutes a fundamental element in the competition between organizations (Leiponen and Helfat, 2010; Ireland et al. 2009; Foss and Klein, 2012). If we concentrate on the logic of strategic and organizational behavior able to test the solutions and settings through which businesses reveal their own potential in order to attain competitive advantage, the alternative of access to knowledge outside the confines of the business cannot be overlooked (Pérez-Luño et al. 2011; Mol and Birkinshaw, 2009). It returns powerfully to represent a valid move for businesses that are operating in contexts of high complexity, contexts where the processes of adaptation to technological, market, and competitive forces are extremely difficult (figure 6.1).

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  1. Maria Rosaria Della Peruta
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© 2013 Elias G. Carayannis, Manlio Del Giudice, and Maria Rosaria Della Peruta

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Della Peruta, M.R. (2013). On the External Dimension of Business Knowledge Flows: “Markets for Knowledge Resources”. In: Unpacking Open Innovation. Palgrave Studies in Democracy, Innovation and Entrepreneurship for Growth. Palgrave Macmillan, New York. https://doi.org/10.1057/9781137354372_6

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