the Knowledge-based view of the firm

The Knowledge-Based View of the firm suggests that a company's most valuable asset is its knowledge—its information, skills, and expertise. This perspective highlights that competitive advantage comes from how well a company creates, shares, and applies this knowledge. Unlike traditional views focused on physical resources or capital, this approach emphasizes innovation and learning as key drivers of success. Essentially, a firm’s ability to manage and leverage its knowledge effectively determines its growth, adaptability, and ability to outperform competitors.