Knowledge Governance and Value Creation

Volker Mahnke and Torben Pedersen

Chapter 1 in Knowledge Flows, Governance and the Multinational Enterprise, 2004, pp 3-17 from Palgrave Macmillan

Abstract: Abstract Since its inception the field of MNC research notices that knowledge is key in the explanation of the existence, boundaries, internal structure, and competitive advantage of the MNC. No doubt, the governance of knowledge flows has remained a central theme in a large body of current academic work concerned with managerial practices in the MNC. The modern MNC is considered to be a ‘differentiated network’, where knowledge is created in various parts of the MNC and transferred to several interrelated units (Hedlund, 1986; Bartlett and Ghoshal, 1989; Gupta and Govindarajan, 1991, 2000). In this perspective, MNCs are no longer seen as repositories of their national imprint but rather as instruments, through which knowledge is accumulated in various local contexts and transferred horizontally between subsidiaries, shared vertically in headquarters-subsidiary relations, and between the MNC and its environment.

Keywords: Governance Mechanism; Service Firm; Knowledge Flow; Social Dilemma; Strategic Management Journal (search for similar items in EconPapers)
Date: 2004
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-52387-6_1

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DOI: 10.1057/9780230523876_1

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