Knowledge-based organization evaluation
Journal
PACIS 2006 - 10th Pacific Asia Conference on Information Systems: ICT and Innovation Economy
Pages
431-443
Date Issued
2006
Author(s)
Abstract
Knowledge has become the main value driver for organizations nowadays. In particular, knowledge-based organizations (KBOs) allocate resources for intangible assets (e.g., R&D) in the rapidly changing and highly competitive 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. This paper aims to provide a framework for the evaluation of KBOs under uncertainty, using the state-of-the-art methodology in Real Options. We specify the unique features of KBOs and explain their value drivers. This paper makes three contributions: (1) it bridges the gaps existent in the knowledge management literature on evaluating knowledge capital, (2) it provides a systematic application of Real Options models in the context of knowledge-based organization evaluation, (3) it uses a real world case to demonstrate the implications of the main findings for management.
Subjects
Evaluation; Knowledge-based organizations; Real options
Other Subjects
Competitive advantage; Competitive environment; Evaluation; Intangible assets; Knowledge management literature; Knowledge-based organization; Real Options; Unique features; Competition; Knowledge based systems; Knowledge management; Societies and institutions; Information technology
Type
conference paper