From Common to Uncommon Knowledge: Foundations of Firm-Specific Use of Knowledge As a Resource
Nag, Rajiv, and Dennis A. Gioia
Academy of Management Journal 55, no. 2 (2012): 421-457
https://doi.org/10.5465/amj.2008.0352
“One of the most venerable observations about knowledge is Francis Bacon’s dictum that “knowledge is power.” Management scholars have now firmly established the role of knowledge as one of the key competitive resources of modern times (Drucker, 1993; Penrose, 1959) and have underscored the importance of knowledge in strategic and competitive contexts by proposing a knowledge-based view of the firm (Grant, 1996; Kogut & Zander, 1992). Proponents of this view not only treat knowledge as the principal strategic resource, but also argue that firms supersede markets in their ability to create and harness this resource (Kogut & Zander, 1992). ”
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