The knowledge based view and global strategy: Past impact and future potential

Abstract

The centrality of knowledge to the global arena has allowed scholars in this area to play a leading role in developing the knowledge-based view (KBV) of the firm. We propose that broadening the KBV to take account of the social constructionist approach to knowledge and the multilevel nature of knowledge processes, can build a more serviceable knowledge-based theory of global strategy. Specifically, we urge research in three directions, the exploration of a KBV of economic organization in a global context, which would encompass macro institutions as well as individuals; focus on the foundational construct of knowledge that would integrate human and machine learning in the global arena; and the creation of a comprehensive framework of knowledge types and knowledge processes across space. Managerial Summary: Lack of consensus over the nature of knowledge has prevented the KBV from developing into an integrated, stand-alone theory of the MNE, but has not constrained its ability to provide penetrating insights into global strategy and the management of the MNE. Empirical research shows that the processes through which knowledge is generated and applied in the global arena are complex and contextually differentiated. To extend and synthesize our understanding of these complex processes, we propose the development of a knowledge based theory of global strategy. We advocate extending the KBV in three areas, first, consideration of a KBV of organization in a

Mechanisms of knowledge development in a knowledge ecosystem

“…Rather than referring to the knowledge base as company-internal, we describe it on the ecosystem level as fluid among the various parties and possibly contained within them. The knowledge-based view emphasises knowledge as a core resource for firm development and management (Nonaka and Takeuchi, 1995; Foss and Pedersen, 2004; Grant and Phene, 2022). As such, the knowledge would – similar to several researchers’ definition of knowledge ecosystems – be what is transferred into business opportunities and offerings (Kogut and Zander, 1992; Pereira and Bamel, 2021), while we focus on the knowledge ecosystem as such.…”

Contextualizing AMO Explanations of Knowledge Sharing in MNEs: The Role of Organizational and National Culture

“…While knowledge sharing occurs at various levels, at its base are the actions and behaviors of individual employees who share knowledge with colleagues (Foss & Pedersen, 2019). However, any comprehensive account of knowledge sharing in MNEs must be sensitive to the organizational and national cultural contexts in which employees are embedded (Foss & Pedersen, 2019;Grant & Phene, 2022).…”

“…We are not alone in pointing to a need to consider a contextualized approach to studying variations in knowledge-sharing behavior in MNEs (Grant & Phene, 2022). For example, based on an extensive review of research on knowledge sharing in MNEs, Gaur et al (2019) argue that an understanding of knowledge flows in MNEs requires a multi-level design involving the individual, firm, and country levels.…”

Introduction to Research Handbook on Knowledge Transfer and International Business

“…As a consequence of this shift, we saw the emergence of a knowledge-based economy, where the reliance on knowledge to build capabilities and competencies took precedence. It thus became vital for organizations to focus on the production, communication and consumption of knowledge to sustain their competitive advantage (Grant, 1996;Grant & Phene, 2021).The 21st century saw the advent and surge of the digital economy, which has persuaded many organizations to undergo rapid digital transformations. Globally, the businesses are now hyperconnected with internet, mobile technology, smart devices, the Internet of Things (IoT) and digital platforms to name a few.…”

“…As a consequence of this shift, we saw the emergence of a knowledge-based economy, where the reliance on knowledge to build capabilities and competencies took precedence. It thus became vital for organizations to focus on the production, communication and consumption of knowledge to sustain their competitive advantage (Grant, 1996;Grant & Phene, 2021).…”