Knowledge assets
At the base of knowledge-creating processes are knowledge assets. We define assets as `firm-specific resources that are
indispensable to create values for the firm'. Knowledge assets are the inputs, outputs and moderating factors of the knowledge-creating process. For example, trust amongst organisational members is created as an output of the knowledge creating process, and at the same time it moderates how ba functions as a platform for the knowledge-creating process.
Although knowledge is considered to be one of the most important assets for a ®rm to create a sustainable competitive advantage today, we do not yet have an effective system and tools for evaluating and managing knowledge assets. Although a variety of measures have been proposed,25 existing accounting systems are inadequate for capturing the value of knowledge assets, due to the tacit nature of knowledge. Knowledge assets must be built and used internally in order for their full value
Knowledge assetsAt the base of knowledge-creating processes are knowledge assets. We define assets as `firm-specific resources that areindispensable to create values for the firm'. Knowledge assets are the inputs, outputs and moderating factors of the knowledge-creating process. For example, trust amongst organisational members is created as an output of the knowledge creating process, and at the same time it moderates how ba functions as a platform for the knowledge-creating process.Although knowledge is considered to be one of the most important assets for a ®rm to create a sustainable competitive advantage today, we do not yet have an effective system and tools for evaluating and managing knowledge assets. Although a variety of measures have been proposed,25 existing accounting systems are inadequate for capturing the value of knowledge assets, due to the tacit nature of knowledge. Knowledge assets must be built and used internally in order for their full value
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