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

1998/04/01 by David J. Teece · 2,622 citations
Business, Management and Accounting · #Business #Capital (architecture) #Commerce #Competitive advantage #Competitive and Knowledge Intelligence #Complementary assets #Core (optical fiber) #Economics #Finance #Industrial organization #Innovation and Knowledge Management #Intangible asset #Intangible good #Intellectual Capital and Performance Analysis #Intellectual capital #Liberalization #Market economy #Marketing #Microeconomics #Value (mathematics)

paper · doi:10.2307/41165943

published in California Management Review 40(3), 55-79 (SAGE Publishing)

openalex publication_date 1998/04/01 · openalex created_date 2025/10/10 · openalex updated_date 2026/08/05

Abstract

The increasing liberalization of markets coupled with the creation of new markets for intermediate products is stripping firm-level competitive advantage back to its fundamental core: difficult to create and difficult to imitate intangible assets. This article explores these developments and elucidates implications for the management of intellectual capital inside firms.

Citations

• Absorptive Capacity: A New Perspective on Learning and Innovation

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• Three‐dozen knowledge‐sharing barriers managers must consider
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• Knowing in Practice: Enacting a Collective Capability in Distributed Organizing
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• Perspective—Tacit Knowledge and Knowledge Conversion: Controversy and Advancement in Organizational Knowledge Creation Theory
• Ambidexterity as a dynamic capability: Resolving the innovator's dilemma
• Can we predict firms' innovativeness? The identification of innovation performers in an Italian region through a supervised learning approach. [europepmc]
• Where Did FinTechs Come From, and Where Do They Go? The Transformation of the Financial Industry in Germany After Digitalization. [europepmc]
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