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Towards ‘An Intellectual Capital-Based View of the Firm’: Origins and Nature

Abstract

Economic and social activities are undergoing radical changes, which can be labelled as ‘knowledge economy and/or society’. In this sense, intellectual capital (IC), or knowledge assets, as the fourth factor of production, is replacing the other ones – job, land and capital. This article tries to offer the origins and nature of the firm’s IC that can be labelled as ‘An Intellectual Capital-Based View of the Firm Competition’. This framework tries to highlight the strategic role of different intangible assets like talented and committed workers, cultural values, or long-term relationships among the firm and its stakeholders – customers, allies, suppliers and society in general – in gaining and sustaining competitive advantages, being the management of IC a key issue in the management agenda.

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Correspondence to Gregorio Martín-de-Castro.

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Martín-de-Castro, G., Delgado-Verde, M., López-Sáez, P. et al. Towards ‘An Intellectual Capital-Based View of the Firm’: Origins and Nature. J Bus Ethics 98, 649–662 (2011). https://doi.org/10.1007/s10551-010-0644-5

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Keywords

  • intellectual capital
  • knowledge management
  • human capital
  • relational capital
  • state of the art