Article

The Firm, Human Capital, and Knowledge Creation

Georg von Krogh and Martin W. Wallin

in The Oxford Handbook of Human Capital

Published in print January 2011 | ISBN: 9780199532162
Published online May 2011 | | DOI: http://dx.doi.org/10.1093/oxfordhb/9780199532162.003.0011

Series: Oxford Handbooks in Business and Management

The Firm, Human Capital, and Knowledge Creation

More Like This

Show all results sharing these subjects:

  • Business and Management
  • Organizational Theory and Behaviour
  • Business Strategy

GO

Show Summary Details

Preview

This article looks at human capital (HC) in the context of the knowledge-based view of the firm. While personal notions of knowledge as HC are axiomatic, they also recognize collective or community processes. But their interplay is a problem, and the article argues that there has been little attention to the microfoundational aspects of aligning the interests of the various individuals involved. It proposes a relationship between the individual and the firm that takes divergent interests into account. The article reviews the history of HC theory and considers the relation between the individual knowledge-based HC and that of the firm. It concludes that three important results emerge from a democratic and cooperative approach to management: firm-level knowledge results only when individuals contribute beyond the terms specifiable in their employment contract, non-pecuniary rewards are essential, and the motivational aspects become those that define the firm.

Keywords: human capital; firm-level knowledge; employment contract; non-pecuniary rewards; motivational aspects

Article.  10171 words. 

Subjects: Business and Management ; Organizational Theory and Behaviour ; Business Strategy

Full text: subscription required

How to subscribe Recommend to my Librarian

Buy this work at Oxford University Press »

Users without a subscription are not able to see the full content. Please, subscribe or login to access all content.