Title: 'Generative dance' between tacit knowledge, expertise and organisational frameworks

Authors: Olga Petricevic, Susan M. Houghton

Addresses: J. Mack Robinson College of Business, Department of Managerial Sciences, Georgia State University, PO Box 4014, Atlanta, GA 30302-4014, USA. ' School of Business and Economics, North Carolina A&T State University, 331 Merrick Hall, Ste. 317, 1601 E. Market Street, Greensboro, NC 27411, USA

Abstract: In this paper, we argue that it is critical for both strategy and entrepreneurship scholars to understand the competing choices that knowledge-holders face for deploying their knowledge and ultimately creating and appropriating value within: (1) established organisational structures, (2) new ventures or (3) market exchange. We explore the value creation options from individuals| tacit knowledge and expertise within a dynamic context, arguing that primarily through the |generative dance| between tacit knowledge, expertise and combinatory assets of organisational frameworks will the knowledge-based value creation unfold over time. The level of configurations of knowledge-based assets and other organisational combinatory assets will impact the distribution of gains and the share the knowledge-holder will extract from generated economic rents. We shift the focus to the source of the value (i.e. the knowledge-holder) and pose the question: |Who benefits most from the value generated from tacit knowledge and expertise?|

Keywords: tacit knowledge; expertise; new ventures; market exchange; value creation; dynamic framework; entrepreneurs; value appropriation; strategic management; change management; entrepreneurship; organisational structure; knowledge management.

DOI: 10.1504/IJSCM.2009.024513

International Journal of Strategic Change Management, 2009 Vol.1 No.3, pp.250 - 268

Published online: 07 Apr 2009 *

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