Knowledge-based Vertical Integration

Knowledge-based Vertical Integration PDF Author: Herman Anthony Van den Berg
Publisher:
ISBN: 9780494579367
Category : Investment advisors
Languages : en
Pages : 0

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Book Description
This research extends the knowledge-based view of the firm as it relates to organizational structure. In particular, this research provides evidence that fundamental classifications of knowledge are measurable, in relative terms, as factors of production. It then relates differences in relative quantities of these classifications of knowledge to the presence or absence of inter-firm boundaries. Finally, this study provides evidence that financial performance may be related to the alignment of organizational structure with knowledge-based factors of production. Relative reliance on the fundamentally different knowledge-based factors of production was found to vary between adjacent stages of production, despite the essential overlap of jointly held substantive knowledge. Portfolio managers are generally less (more) reliant on tacit (encapsulated) knowledge than other investment management professionals in the mutual fund complex. In addition, portfolio managers whose firms are de-integrated from the mutual fund management firms were found to be more (less) reliant on tacit (encapsulated) knowledge than their integrated counterparts. Finally, alignment between mutual fund structure and reliance on knowledge-based factors of production was found to affect performance of mutual funds. This study contributes to strategic management theory by offering a potential solution to the difficulties of measuring knowledge as a factor of production. The research was motivated by the belief that it is the cost and value of knowledge that determines economic efficiency (Simon, 1999). By surveying professionals in the mutual fund industry for their relative reliance on three classifications of knowledge, this study suggests a set of measures of knowledge-based factors of production. These measures in turn support the testing of hypotheses related to the vertical integration (or de-integration) of adjacent stages of production. Researchers have typically categorized organizational knowledge as either tacit or explicit. This research develops the concept of encapsulated knowledge as a fundamental classification of knowledge. Encapsulated knowledge is neither tacit nor explicit, because it is externalized and implicit. Progress in measuring knowledge is made by distinguishing between knowledge that resides in human minds (tacit), knowledge that is codified as information (codified), and knowledge that is embodied in the design and functionality of physical artefacts (encapsulated).

Knowledge-based Vertical Integration

Knowledge-based Vertical Integration PDF Author: Herman Anthony Van den Berg
Publisher:
ISBN: 9780494579367
Category : Investment advisors
Languages : en
Pages : 0

Get Book Here

Book Description
This research extends the knowledge-based view of the firm as it relates to organizational structure. In particular, this research provides evidence that fundamental classifications of knowledge are measurable, in relative terms, as factors of production. It then relates differences in relative quantities of these classifications of knowledge to the presence or absence of inter-firm boundaries. Finally, this study provides evidence that financial performance may be related to the alignment of organizational structure with knowledge-based factors of production. Relative reliance on the fundamentally different knowledge-based factors of production was found to vary between adjacent stages of production, despite the essential overlap of jointly held substantive knowledge. Portfolio managers are generally less (more) reliant on tacit (encapsulated) knowledge than other investment management professionals in the mutual fund complex. In addition, portfolio managers whose firms are de-integrated from the mutual fund management firms were found to be more (less) reliant on tacit (encapsulated) knowledge than their integrated counterparts. Finally, alignment between mutual fund structure and reliance on knowledge-based factors of production was found to affect performance of mutual funds. This study contributes to strategic management theory by offering a potential solution to the difficulties of measuring knowledge as a factor of production. The research was motivated by the belief that it is the cost and value of knowledge that determines economic efficiency (Simon, 1999). By surveying professionals in the mutual fund industry for their relative reliance on three classifications of knowledge, this study suggests a set of measures of knowledge-based factors of production. These measures in turn support the testing of hypotheses related to the vertical integration (or de-integration) of adjacent stages of production. Researchers have typically categorized organizational knowledge as either tacit or explicit. This research develops the concept of encapsulated knowledge as a fundamental classification of knowledge. Encapsulated knowledge is neither tacit nor explicit, because it is externalized and implicit. Progress in measuring knowledge is made by distinguishing between knowledge that resides in human minds (tacit), knowledge that is codified as information (codified), and knowledge that is embodied in the design and functionality of physical artefacts (encapsulated).

Vertical Integration and Technological Innovation

Vertical Integration and Technological Innovation PDF Author: Yeong Heok Lee
Publisher: Routledge
ISBN: 0429852169
Category : Business & Economics
Languages : en
Pages : 147

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Book Description
Originally published in 1994 this volume investigates the relationship between a firm's decision to integrate vertically and its research and development (R & D) strategy. Literature on vertical integration is reviewed and a framework presented to analyze the costs and benefits of vertical integration. The theoretical basis for the proposed hypostheses is investigated and the hypotheses tested empirically.

Is Vertical Integration Profitable?

Is Vertical Integration Profitable? PDF Author: Buzzell
Publisher:
ISBN: 9780000831033
Category :
Languages : en
Pages :

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Book Description


Development of Knowledge-Based Systems for Engineering

Development of Knowledge-Based Systems for Engineering PDF Author: Carlo Tasso
Publisher: Springer Science & Business Media
ISBN: 9783211829165
Category : Computers
Languages : en
Pages : 258

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Book Description
The goal of the volume is twofold: to help engineers to understand the design and development process and the specific techniques utilized for constructing expert systems in engineering and, secondly, to introduce computer specialists to significant applications of knowledge-based techniques in engineering. Among the authors are world famous experts of engineering and knowledge-based systems development.

Project-Based Organization in the Knowledge-Based Society

Project-Based Organization in the Knowledge-Based Society PDF Author: Mitsuru Kodama
Publisher: Imperial College Press
ISBN: 1860948642
Category : Business & Economics
Languages : en
Pages : 285

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Book Description
With the development of information technology in recent years, there is a growing need to merge different technologies and services, to develop products, services and business models that span different industries. Corporations must have processes through which they can access share, and integrate diverse knowledge. In this book, the author proposes a dynamic yet practical method for project leaders to integrate diverse knowledge distributed on projects network to develop new products, services and business models. Case studies on companies such as Vodafone, SHARP, Mitsubishi Electric, Canon, Sony, Matsushita Electric are considered. The book can be used by high-tech organizations from the standpoint of project management or team management for innovation.

Managing Knowledge Integration Across Boundaries

Managing Knowledge Integration Across Boundaries PDF Author: Fredrik Tell
Publisher: Oxford University Press
ISBN: 0198785976
Category : Business & Economics
Languages : en
Pages : 326

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Book Description
Knowledge integration-the purposeful combination of specialized and complementary knowledge to achieve specific tasks-is increasingly important for organizations. This book offers a consistent set of ideas, methods and tools useful to interpret, analyze and act upon the processes of knowledge integration across organizational and other boundaries.

Towards a Knowledge-based Economy

Towards a Knowledge-based Economy PDF Author: Seiichi Masuyama
Publisher: Institute of Southeast Asian Studies
ISBN: 9812301801
Category : Business & Economics
Languages : en
Pages : 332

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Book Description
The evolution of the information and communications technology (ICT) paradigm is shifting the basis for economic activity from material and labour inputs to knowledge and information inputs, spawning the knowledge-based economy. In East Asia, it is evident that the emergence of the knowledge-based economy is disrupting the flying geese pattern of development and creating a new industrial geography. This book gives a picture of the shifting industrial geography in the region based on accounts of the status of the knowledge-based economy in ten individual East Asian economies. For some economies the increased production of ICT equipment and services is the pathway to the knowledge-based economy and even to leapfrogging ahead of more advanced economies. Other economies are focused on putting in place the physical and institutional infrastructure to connect to electronic networks and avoid the digital divide. For yet others, the emergence of the knowledge-based economy is expanding their role in the region, adding the role of ICT hub.

Services and the Knowledge-based Economy

Services and the Knowledge-based Economy PDF Author: Mark Boden
Publisher: Psychology Press
ISBN: 9780826449528
Category : Business & Economics
Languages : en
Pages : 304

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Book Description
Contains 14 essays which discuss the role of services in innovation processes and in particular the role of knowledge-intensive business services.

Knowledge-Based Services, Internationalization and Regional Development

Knowledge-Based Services, Internationalization and Regional Development PDF Author: Peter Daniels
Publisher: Routledge
ISBN: 1351923900
Category : Business & Economics
Languages : en
Pages : 336

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Book Description
The acquisition and management of information is central to the operation and marketing of many service-providing firms and other organizations. Their varied knowledge requirements influence approaches to organizational structure, relationships to other organizations, the location of operations, and entry into new markets. In this book, an international and interdisciplinary team of leading scholars examines the attributes of knowledge acquisition and diffusion within and across service-providing organizations. Using a variety of case examples, they pay particular attention to the processes of internationalization and the ways in which service-providing organizations affect regional economic development.

Vertical Integration - Simple Steps to Win, Insights and Opportunities for Maxing Out Success

Vertical Integration - Simple Steps to Win, Insights and Opportunities for Maxing Out Success PDF Author: Gerard Blokdijk
Publisher: Complete Publishing
ISBN: 9781489100634
Category : Reference
Languages : en
Pages : 158

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Book Description
Starting out with Vertical Integration means being unsure about what to do, how to start and how to get the most out of it; preparing for success, and avoiding failure. There is enormous satisfaction in seeing the change succeed, overcoming the obstacles in the way to reap the rewards and benefits that using Vertical Integration brings. Don't embark on the change unprepared or it will be doomed to fail. But it's my guess that since you're reading this, the forces of change have already been set in motion, and there is no going back. What you need is the resources, knowledge, and confidence required to overcome uncertainty and face Vertical Integration changes. The job can be accomplished by having a roadmap and experiences from previous Vertical Integration changes. This is where this book is your guide and roadmap. You will be able to relate to the experiences laid out in its resources covering all aspects of any Vertical Integration initiative. Use it, and its INCLUDED resources, to get a strong foundation. It will provide aid, advice, blueprints, road maps en templates when you need it most. The book reflects the reality that the fastest way to learn about Vertical Integration is from experiences, knowing about the ins and outs of employment and career developments, trends and popularity, relevant knowledge and patents AND the INCLUDED downloadable resources on Vertical Integration Blueprints, Templates and Presentations. Whatever makes you decide to take on the change: growing business initiatives or career development plans, you are ready for a Vertical Integration Change. The book and accompanying toolkit is your gateway and will fully support your commitment in moving forward and energize yourself and others.