The knowledge economy: emerging organizational forms, missing microfoundations, and key considerations for managing human capital

In this paper we outline an increasingly predominant, “communal,” perspective of the emerging knowledge economy and explore its emphasis on various nonmarket mechanisms of production. Although the communal perspective suggests organizational forms, governance mechanisms, and knowledge processes that...

Full description

Saved in:
Bibliographic Details
Published in:Human resource management 2009-07, Vol.48 (4), p.555-570
Main Authors: Felin, Teppo, Zenger, Todd R., Tomsik, Joshua
Format: Article
Language:English
Subjects:
Human capital
Human resource management
human resources
Knowledge
Knowledge economy
Knowledge management
microfoundations
organizational forms
Studies
Citations: Items that this one cites
Items that cite this one
Online Access:Get full text
Tags: Add Tag
No Tags, Be the first to tag this record!
Description
Summary:In this paper we outline an increasingly predominant, “communal,” perspective of the emerging knowledge economy and explore its emphasis on various nonmarket mechanisms of production. Although the communal perspective suggests organizational forms, governance mechanisms, and knowledge processes that may facilitate knowledge creation and knowledge transfer, we argue that it misses the seemingly contradictory trends of organizational disaggregation and the foundational importance of market mechanisms in knowledge creation. We contrast and partly reconcile these two perspectives of the knowledge economy and highlight key considerations related to the microfoundations of knowledge and human capital management. © 2009 Wiley Periodicals, Inc.
ISSN:0090-4848
1099-050X
DOI:10.1002/hrm.20299