Knowledge-Based View

The Knowledge-Based View (KBV) is a management perspective that emphasizes the importance of an organization’s knowledge as a key asset for its success. It suggests that the company's competitive advantage largely depends on its ability to create, share, and apply knowledge effectively. Rather than just focusing on physical resources or capital, KBV highlights the value of expertise, skills, innovations, and information within the organization. Essentially, a firm's unique knowledge and learning capabilities enable it to adapt, innovate, and outperform competitors in a dynamic business environment.