Knowledge-Based Organization Evaluation
Resource
Decision Support Systems,45 ,541-549.
Journal
Decision Support Systems
Journal Issue
45
Pages
541-549
Date Issued
2008
Date
2008
Author(s)
Abstract
Knowledge has become the main value driver for modern organizations. In particular, knowledge-based organizations (KBOs) allocate resources to intangible assets (e.g., R&D) in the rapidly changing and highly competitive business environment in order to gain competitive advantages. Therefore, how to evaluate knowledge-based organizations has become one of the most important issues in knowledge management. The purpose of this paper is to provide a framework for the evaluation of KBOs under uncertainty, using the state-of-the-art methodology of Real Options. We define the unique features of KBOs and explain their value drivers. The present study's contribution is threefold: (1) it bridges the gaps in knowledge management literature related to evaluating knowledge capital; (2) it provides a systematic application of Real Options models in the context of knowledge-based organization evaluation; and, (3) it uses a real-world case to demonstrate the implications of the main findings for management. © 2007 Elsevier B.V. All rights reserved.
SDGs
Type
journal article
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