Technological innovation: a resource-based view
Technological innovation: a resource-based view

Start this free course now. Just create an account and sign in. Enrol and complete the course for a free statement of participation or digital badge if available.

Free course

Technological innovation: a resource-based view

7 Core capabilities as knowledge assets

There may have been a time in history when it was possible to value an organisation simply on the basis of its physical assets (e.g. goods, materials, plant, and buildings) and a very small number of intangible assets such as the goodwill of customers. But now the global economy, and society more generally, has moved towards one based on information and knowledge, putting a value on an organisation has become much more complex, largely because of the increased emphasis on and recognition of the value of an organisation’s intellectual capital – or knowledge assets.

In the case of many of our most well-known IT and technology companies, for example, this value is often in the source code of their software, their patents, and their brand names. By comparison, the physical assets they hold may be relatively low in value.

As Dobni (2010, p. 56) notes:

This knowledge is fuelled by interaction with customers and value chain members in the competitive cluster. Second, knowledge is power, and for organizations, knowledge only becomes powerful if it is disseminated amongst those who possess common goals. The degree to which this knowledge is shared (the organization’s knowledge dissemination capacity) will propel innovation as it affords an organization both offensive and defensive positioning options.

(Dobni, 2010, p. 56)

Take your learning further

Making the decision to study can be a big step, which is why you'll want a trusted University. The Open University has 50 years’ experience delivering flexible learning and 170,000 students are studying with us right now. Take a look at all Open University courses.

If you are new to University-level study, we offer two introductory routes to our qualifications. You could either choose to start with an Access module, or a module which allows you to count your previous learning towards an Open University qualification. Read our guide on Where to take your learning next for more information.

Not ready for formal University study? Then browse over 1000 free courses on OpenLearn and sign up to our newsletter to hear about new free courses as they are released.

Every year, thousands of students decide to study with The Open University. With over 120 qualifications, we’ve got the right course for you.

Request an Open University prospectus371