Capturing Value from Knowledge Assets: The New Economy, Markets for Know-How, and Intangible Assets

The following sections are included:

• Knowledge and Competitive Advantage

  • Liberalization of Markets

  • Expansion of What's Tradable

  • Strengthening of Intellectual Property Regimes

  • The Growing Importance of Increasing Returns

  • Decoupling of Information Flows from the Flow of Goods and Services

  • Ramifications of New Information and Communications Technologies

  • Product Architecture and Technology "Fusion"

  • Implications

• Capturing Value from Knowledge and Competence

  • The Nature of Knowledge

    • Codified/Tacit

    • Observable/Non-observable in use

    • Positive/Negative knowledge

    • Autonomous/Systematic knowledge

    • Intellectual property regime

  • Replicability, Imitability, and Appropriability

  • Appropriability and Markets for Know-How and Competence

  • Some Sectoral Differences in the Market for Know-How

  • Complementary Assets

  • Dynamic Capabilities

    • External sensing

    • Organizational action

• Implications for the Theory of the Firm

• Conclusion

• Notes