Knowledge Management What Can Organizational Economics Contribute?

Knowledge management has emerged as one of the most influential organization practice. Surprisingly, however, organizational economics (i.e., transaction cost economics, agency theory, team theory and property rights theory) has played no role in the development of knowledge management. This paper argues that organizational economics insights can further the theory and practice of knowledge management in several ways. The author applies notions of contracting, team production, complementaries, hold-up, etc. to knowledge management issues (i.e., creating and integration knowledge, rewarding knowledge workers, etc.) , and derive refutable implications that are novel to the knowledge….

Author: Nicolaj J. Foss,Volker Mahnke

Source: Copenhagen Business School

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