The knowledge-based view of the firm is a theoretical model of the firm as:
A)An assembly of knowledge assets which create value by deploying their knowledge
B)An assembly of human assets which create value by deploying their knowledge
C)An assembly of knowledge assets where value is created by information systems
D)An extension of the I/O model based on the deployment of knowledge assets

Question

Quizplus · Accepted Answer

The knowledge-based view of the firm proposes that a firm is an assembly of knowledge assets, which create value by deploying their knowledge. This view emphasizes the importance of knowledge and intellectual capital in creating and sustaining a competitive advantage. It is distinct from the traditional Industrial Organization (I/O) view of the firm, which focuses on external factors such as market structure and competitive forces.

The Knowledge-Based View of the Firm Is a Theoretical Model