Chapter 6 Flashcards
Path dependent
Firm’s capabilities today are the result of its history
Organizational culture
The ability of firm’s members to understand each other-common views,shared beliefs
Dynamic capability
Firm’s ability to integrate,build and reconfigure internal and external competences to address rapidly changing environments
Strategic alliances
Cooperative realtionship between firms involving sharing of resources in pursuit of common goals,purpose:access or acquire capabilities
Relational capabilities
Building trust,developing interfirm knowledge,sharing routines,establishing mechanisms for coordination
Resource leveraging
Focusing the efforts of each group,accumulating resources through mining experience to accelerate learning
Knowledge management
Term that comprises a range of organizational process and practices whose common feature is their concern with generating value from knowledge
Knowledge based view of the firm
Knowledge as the most important resource of the firm
Knowing how
Tacit,skills that are expressed throgh their performance
Knowing about
Explicit,comprises facts,theories,sets of instructions
Public good
Once created can be spread among multiple users at low cost->explicit-seldom a source of competitve advantage/////observed through application and acquired through practice,slow,costly and uncertain->tacit
Exploration
Process through which the firm changes itself,knowledge creation and acquistion
Exploitation
Use of existing knowledge,but also its development
Knowledge identification
The basic challenge is to recognize the knowledge assets that are within the firm(IP,skills,know-how)
Knowledge measurement
Measuring and valuing the firm’s stock of knowledge and its utilization
Knowledge sharing and replication
Transfer of knowledge from one part of the organization to be replicated in another part
Communities of practice
Facilitating sharing and group learning
Knowledge integration
Integrating knowledge across a broad range of expertise for the purposes of supplying goods and services
Knowledge spiral
Spiral in which knowledge deepens and broadens through conversion between tacit and explicit knowledge and organizational and individual levels
