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Technology, Organization, and CompetitivenessPerspectives on Industrial and Corporate Change$
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Giovanni Dosi, David J. Teece, and Josef Chytry

Print publication date: 1998

Print ISBN-13: 9780198290964

Published to Oxford Scholarship Online: November 2003

DOI: 10.1093/0198290969.001.0001

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PRINTED FROM OXFORD SCHOLARSHIP ONLINE (oxford.universitypressscholarship.com). (c) Copyright Oxford University Press, 2021. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in OSO for personal use. date: 24 January 2021

Information, Knowledge, Vision and Theories of the Firm *

Information, Knowledge, Vision and Theories of the Firm *

(p.147) 4 Information, Knowledge, Vision and Theories of the Firm*
Technology, Organization, and Competitiveness

Martin Fransman (Contributor Webpage)

Oxford University Press

This paper has the following purposes. The first is to demonstrate that many of the best‐known approaches to the firm in economics have in common a starting‐point that sees the firm as a response to information‐related problems. The second purpose is to review critically some of these approaches on the basis of the internal structure of their arguments, and the third is to analyse some of the limitations of the ‘information‐related paradigm’ in the light of the distinction that, it is argued, must be drawn between ‘information’ and ‘knowledge’. The last purpose is to propose some additional approaches to the firm that merit further exploration. The seven sections of the essay are: Purposes; Introduction; The Firm as Response to Information‐Related Problems; The Firm as a Repository of Knowledge; The IBM Paradox—an examination of the downfall of IBM; Implications for the Theory of the Firm; and Conclusion.

Keywords:   distinction between information and knowledge, firm as repository of knowledge, Firm as Response to Information‐Related Problems, firm theory, firms, IBM Paradox, information, knowledge

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