A firm as a knowledge-creating entity: A new perspective on the theory of the firm

Ikujiro Nonaka, Ryoko Toyama, Akiya Nagata

Research output: Contribution to journalArticle

539 Citations (Scopus)

Abstract

The knowledge-based view of the firm views a firm as a knowledge-creating entity, and argues that knowledge and the capability to create and utilize such knowledge are the most important source of a firm's sustainable competitive advantage. Knowledge and skills give a firm a competitive advantage because it is through this set of knowledge and skills that a firm is able to innovate new products/processes/services, or improve existing ones more efficiently and/or effectively. The raison d'etre of a firm is to continuously create knowledge.

Original languageEnglish
Pages (from-to)1-20
Number of pages20
JournalIndustrial and Corporate Change
Volume9
Issue number1
Publication statusPublished - Jun 5 2000

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Theory of the firm
Competitive advantage
Service process
Sustainable competitive advantage
Knowledge-based view of the firm
New products

All Science Journal Classification (ASJC) codes

  • Economics and Econometrics

Cite this

A firm as a knowledge-creating entity : A new perspective on the theory of the firm. / Nonaka, Ikujiro; Toyama, Ryoko; Nagata, Akiya.

In: Industrial and Corporate Change, Vol. 9, No. 1, 05.06.2000, p. 1-20.

Research output: Contribution to journalArticle

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