Uncertainty, Pluralism, and the Knowledge-Based Theory of the Firm: From J.-C. Spender’s Contribution to a Socio-Cognitive Approach

Markus Reihlen, Torsten Ringberg

Publikation: Bidrag til tidsskriftTidsskriftartikelForskningpeer review

Abstrakt

J.-C. Spender’s award-winning, knowledge-based theory of the firm is based on four premises: (1) The firm can be sufficiently understood as a system of knowledge, (2) explicit and implicit knowing can be clearly dissociated, (3) organizations are conceived as cognizing entities, and (4) intuition shaped by shared cultural practices is a superior source of managerial knowledge. This line of reasoning represents a social constructionist view of the enactment, transfer, and storage of knowledge according to which managerial knowledge is largely tacitly shaped by industry recipes and the firm’s socio-cultural conventions and other social processes. Although comprehensive in scope, we argue that a knowledge-based theory of the firm needs to integrate a cognitivist approach that includes the synergetic production of tacit and explicit knowledge, the role of reflective thinking in resolving strategic uncertainties, and the interaction between the individual and the social. This socio-cognitive theory of the firm posits that sustained competitive advantage of a firm is founded on the ability to align knowledge internally within the firm as well as externally with its stakeholders through the individual sense-making of feedback from other individuals.
OriginalsprogEngelsk
TidsskriftEuropean Management Journal
Vol/bind31
Udgave nummer6
Sider (fra-til)706-716
ISSN0263-2373
DOI
StatusUdgivet - dec. 2013

Emneord

  • Knowledge-based approach
  • Theory of the firm
  • Knowledge transfer
  • Social constructionism
  • Tacit knowledge
  • Socio-cognitive theory
  • Intuition
  • Mental models

Citationsformater