Knowledge and the firm
ISSN: 0307-4358
Article publication date: 1 January 1999
Issue publication date: 1 January 1999
Abstract
Discusses research ideas on the distinctions between data, information and knowledge, the categories of knowledge and knowledge‐processing activities in Holsapple and Whinston’s (HW’s) taxonomy (1987, 1988a, 1988b), and their application to markets and the activities of the firm. Describes a manufacturing firm’s inputs, production processes and outputs in terms of HW’s taxonomy, pointing out that management must filter the information surrounding the firm to turn it into knowledge of various types, e.g. descriptive, derived, assimilative etc. Considers the role of information for customers of and investors in the firm; and the relationship between knowledge and efficiency. Identifies three types of knowledge workers (builders, stewards and appliers) and calls for further research on the taxonomy of knowledge and standards of knowledge within the finance discipline.
Keywords
Citation
Bauer, R.J. and Dahlquist, J.R. (1999), "Knowledge and the firm", Managerial Finance, Vol. 25 No. 1, pp. 1-22. https://doi.org/10.1108/03074359910765821
Publisher
:MCB UP Ltd
Copyright © 1999, MCB UP Limited