Knowledge-based approaches to the firm: an idea-driven perspective

Author:

Cohendet Patrick1,Dupouët Olivier2,Llerena Patrick3,Naggar Raouf1,Rampa Romain4

Affiliation:

1. Mosaic, Creativity & Innovation Hub, HEC Montréal , 3000 chemin de la Côte-Sainte-Catherine, Montréal, Québec H3T 2A7, Canada . e-mail: patrick.cohendet@hec.ca ; raouf.2.naggar@hec.ca

2. KEDGE Business School , 680 Cr de la Libération, Talence 33405, France . e-mail: olivier.dupouet@kedgebs.com

3. University of Strasbourg, BETA—Unistra-CNRS , 61 avenue de la Forêt Noire, Strasbourg 67070, France . e-mail: pllerena@unistra.fr

4. Département de Genie des Systemes, ÉTS Montréal , 1100 Notre-Dame St W, Montréal, Québec H3C 1K3, Canada . e-mail: romain.rampa@etsmtl.ca

Abstract

Abstract The challenges of the 21st century imply reconsidering the knowledge-based approaches of the firm under idea-led perspectives. We propose to reexamine the limits of the knowledge-based approaches of the firm by integrating the management of ideas as a process into the analysis. Building on the differences between the notions of idea and knowledge, we reconsider in turn the raison d’être, boundaries, coordination and incentive mechanisms, and the role of the entrepreneur of the firm. We show that ideas as a process are central to a more actor-inclusive view of the firm, providing a more relevant explanation of how firms can create value and fit into the contemporary world.

Funder

Chaire Management de la Créativité

Publisher

Oxford University Press (OUP)

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