The Knowledge-Based View

The Knowledge-Based View (KBV) is a perspective in business that sees knowledge as the most valuable asset a company possesses. It suggests that a firm's ability to create, share, and apply knowledge is key to gaining a competitive advantage. Unlike traditional views emphasizing physical resources or capital, KBV highlights intellectual assets—such as expertise, innovation, and information—as central to a company's success and growth. Essentially, organizations that effectively manage their knowledge can adapt better, innovate faster, and perform stronger in the marketplace.