DOI: 10.5176/2251-2039_IE17.15
Authors: Oliver Wiesener, Sophia Christmann
Abstract: Since knowledge is often mentioned as one of the most important resources of a firm, the question arises whether every kind of knowledge is of value. According to the resource-based research the value of knowledge can be seen as a precondition for sustainable competitive advantages. In particular, its contribution to the innovation success seems to be of interest since innovations can be seen as a base for competitive advantages. Knowledge categories allow for defining the innovation value of knowledge. Subsequently, knowledge categories enable the evaluation of knowledge acquisition tools in regard to their contribution to the innovation success. For instance, customer meetings can lead to specific knowledge. That kind of knowledge seems to be individual in regard to its dispersion. Thus, such knowledge can bee seen as rare. Following the resource-based research, a rare resource contributes to the innovation success of a firm. Consequently, different acquisition tools will be tested based on knowledge categories. Herewith, firms are in the position to choose and adapt acquisition tools in regard to the contribution to the innovation success. As a result, the focus on valuable knowledge will favor the innovation success of a firm.
Keywords: innovative knowledge, innovation value, knowledge acquisition
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