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Preferred term

knowledge-based view  

Definition

  • An emerging theory of the firm, the knowledge-based view (KBV) considers a firm's knowledge as the most strategically significant resource of a firm. Originating from the strategic management literature, this perspective builds upon and extends the resource-based view (RBV) of the firm initially promoted by Edith Penrose in her book, The Theory of the Growth of the Firm (1959) and later expanded by others. [Source: Encyclopedia of New Venture Management; Knowledge-Based View]

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https://concepts.sagepub.com/social-science/concept/knowledge-based_view

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