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

Human Resource Management

Volumn 48, Issue 4, 2009, Pages 555-570

  Felin, Teppo ^a   Zenger, Todd R ^b   Tomsik, Joshua ^c  

^a BRIGHAM YOUNG UNIVERSITY   (United States)

^b WASHINGTON UNIVERSITY IN ST LOUIS   (United States)

^c CITIGROUP   (United States)

Author keywords

Human resources; Knowledge economy; Microfoundations; Organizational forms

Indexed keywords

EID: 77049117036     PISSN: 00904848     EISSN: 1099050X     Source Type: Journal    
DOI: 10.1002/hrm.20299     Document Type: Article

References (93)

1. Adler, P. (2001). Market, hierarchy, and trust: The knowledge economy and the future of capitalism. Organization Science, 12(2), 215-234.
2. Adler, P. (2002). Corporate scandals: It's time for reflection in business schools. Academy of Management Executive, 16(3), 148-149.
3. Adler, P.S., Forbes, L.C., & Wilmott, H. (2007). Critical management studies. Academy of Management Annals, 1, 119-179.
4. Adler, P., & Heckscher, C. (2006). The firm as a collaborative community: Reconstructing trust in the knowledge economy. Oxford: Oxford University Press.
5. Albert, S., & Bradley K. (1997). Managing knowledge: Experts, agencies, and organizations. Cambridge: Cambridge University Press.
6. Barker, K., & Christensen, K. (Eds.). (1998). Contingent work. Ithaca, NY: ILR Press.
7. Barney, J.B., & Wright, P.M. (1998). On becoming a strategic partner: The role of human resources in gaining competitive advantage. Human Resource Management, 37(1), 31-36.
8. Baumol, W.J. 2002. The free-market innovation machine. Princeton, NJ: Princeton University Press.
9. Bell, D. (1973). The coming post-industrial society. New York: Basic Books.
10. Benkler, Y. (2002). Coase's penguine, or Linux and the nature of the firm. Yale Law Review, 112(3): 369-401.
11. Benkler, Y. (2004). Sharing nicely: On shareable goods and the emergence of sharing as a modality of economic production, Yale Law Review, 114(2), 273-301.
12. Benkler, Y. (2006). The wealth of networks: How social production transforms markets and freedom. New Haven, CT: Yale University Press.
13. Bhide, A. (2000). The origin and evolution of new businesses. Oxford: Oxford University Press.
14. Birch, D. (1987). Job creation in America: How our smallest companies put the most people to work. New York: Free Press.
15. Blair, M.M., & Kochan, T.A. (Eds.). (2000). The new relationship: Human capital in the American corporation. Washington, DC: Brookings Institution Press.
16. Boisot, M. (1999). Knowledge assets: Securing competitive advantage in the information economy. Oxford: Oxford University Press.
17. Bresnahan, T.F., Brynjolfsson, E., & Hitt, L.M. (2000). Technology, organization, and the demand for skilled labor. In M.M. Blair & T.A. Kochan (Eds.), The new human relationship: Human capital in the American corporation (pp. 145-193). Washington, DC: Brookings Institution Press.
18. Bresnahan, T., Brynjolfsson, E., & Hitt, L. (2002). Information technology, workplace organization, and the demand for skilled labor: Firm-level evidence. Quarterly Journal of Economics, 117(1), 339-376.
19. Brockbank, W., & Ulrich, D. (2005). Higher knowledge for higher aspirations. Human Resource Management, 44(4), 489-504.
20. Brown, J.S., & Duguid, P. (2001). Knowledge and organization: A social-practice perspective. Organization Science, 12(2), 198-213.
21. Brynjolfsson, E., Malone, T., Gurbaxani, V., & Kambil, A. (1994). Does information technology lead to smaller firms? Management Science, 40(12), 1628-1644.
22. Cappelli, P. (2005). Will there really be a labor shortage? Organizational Dynamics, 32(3), 221-233.
23. Castells, M. (2000). The rise of the network society. Malden, MA: Blackwell.
24. Chacar, A., & Coff, R. (2001). Deconstructing a knowledge-based advantage: Rent generation, rent appropriation and "performance." In R. Bresser, D. Heuskel, & R. Nixon (Eds.), Winning strategies in a deconstructing world. New York: John Wiley & Sons.
25. Clark, G. (2007). Farewell to alms: A brief economic history of the world. Princeton, NJ: Princeton University Press.
26. Coase, R. (1937). The nature of the firm. Economica, 4(16), 386-405.
27. Coff, R. (2008). The co-evolution of rent appropriation and capability development (Working paper). Goizueta Business School, Emory University.
28. Coff, R.W. (1999). When competitive advantage doesn't lead to performance: The resource-based view and stakeholder bargaining power. Organization Science, 10(2), 119-133.
29. Coleman, J. (1991). Constructed organization: First principles [Special issue]. Journal of Law, Economics, & Organization, 7, 7-23.
30. Coyle-Shapiro, J., & Morrow, P. (2006). Organizational and client commitment among contracted employees. Journal of Vocational Behavior, 68(3), 416-431.
31. Davis-Blake, A., & Pfeffer, J. (1989). Just a mirage: The search for dispositional effects in organizational research. Academy of Management Review, 14(3), 385-400.
32. Drucker, P. (1993). Post-capitalist society. New York: Harper Business.
33. Ewing, J. (2007, August 20). No-cubicle culture. BusinessWeek, Retrieved June 16, 2009 from http://www.businessweek.com/magazine/content/07-34/ b4047412.htm.
34. Felin, T., & Foss, N. (2005). Strategic organization: A field in search of micro-foundations. Strategic Organization, 3(4), 441-455.
35. Felin, T., & Hesterly, W. (2007). The knowledge-based view, nested heterogeneity, and new value creation: Philosophical considerations on the locus of knowledge. Academy of Management Review, 32(1), 195-218.
36. Ferraro, F., Pfeffer, J., & Sutton, R.I. (2005). Prescriptions are not enough. Academy of Management Review, 30(1), 32-35.
37. Festinger, L. (1954). A theory of social comparison processes. Human Relations, 7(1), 117-140.
38. Foss, K., & Foss, N.J. (2002). Authority and discretion: Tensions, credible delegation, and the implications for new organizational forms (Working paper). Copenhagen, Denmark: Copenhagen Business School.
39. Foss, K., & Foss, N.J. (2005). Resources and transaction costs: How property rights economics furthers the resource-based view. Strategic Management Journal, 26(6), 541-553.
40. Foss, N.J. (2003). Selective intervention and internal hybrids: Intepreting and learning from the rise and decline of the Oticon spaghetti organization. Organization Science, 14(3), 331-349.
41. Foss, N.J. (2006). Strategy, economic organization, and the knowledge economy. Oxford: Oxford University Press.
42. Freeman, J.H., & Audia, P.G. (2006). Community ecology and the sociology of organization. Annual Review of Sociology, 32, 145-169.
43. Gardner, T.M. (2002). In the trenches at the talent wars: Competitive interaction for scarce human resources. Human Resource Management, 41(2), 225-237.
44. Garicano, L., & Hubbard, T. (2007). Managerial leverage is limited by the extent of the market: Hierarchies, specialization, and the utilization of lawyers' human capital. Journal of Law and Economics, 50(1), 1-43.
45. Ghoshal, S. (2003, July 17). Business schools share the blame for Enron. Financial Times, 33.
46. Ghoshal, S., & Moran, P. (1996). Bad for practice: A critique of the transaction cost theory. Academy of Management Review, 21(1), 13-47.
47. Greenwood, R., & Empson, L. (2003). The professional partnership: Relic or exemplary form of governance. Organization Studies, 24(6), 909-933.
48. Grey, C., & Wilmott, H. (2005). Critical management studies: A reader. Oxford: Oxford University Press.
49. Heckscher, C., & Adler, P. (2006). The firm as collaborative community: The reconstruction of trust in the knowledge economy. Oxford: Oxford University Press.
50. Huber, G.P. (2004). The necessary nature of future firms. London: Sage.
51. Jones, C., Hesterly, W.S., & Borgatti, S.P. (1997). A general theory of network governance: Exchange conditions and social mechanisms. Academy of Management Review, 22(4), 911-945.
52. Kirkman, B.L., & Rosen, B. (1999). Beyond self-management: Antecedents and consequences of team empowerment. Academy of Management Journal, 42(1), 58-74.
53. Knudsen, T., & Levinthal, D. (2007). Two faces of search: Alternative generation and alternative evaluation. Organization Science, 18(1), 39-54.
54. Kogut, B. (2000). The network as knowledge: Generative rules and the emergence of structure. Strategic Management Journal, 21(3), 405-425.
55. Latane, B., Williams, K., & Harkins, S. (1979). Many hands make light the work: The causes and consequences of social loafing. Journal of Personality and Social Psychology, 37(6), 822-832.
56. Lee, G.K., & Cole, R.E. (2003). From a firm-based to a community-based model of knowledge creation: The case of the Linux kernel development. Organi-zation Science, 14(1), 633-649.
57. Lerner, J., & Tirole, J. (2002). Some simple economics of open source. Journal of Industrial Economics, 50(2), 197-234.
58. Leppamaki, M., & Mustonen, M. (2009). Skill signalling with product market externality. Economic Journal 119(539), 1130-1142.
59. Luthans, F., Yousseff, C.M., & Avolio, B.J. (2006). Psychological capital: Developing the human competitive edge. Oxford: Oxford University Press.
60. Machlup, F. (1980). Knowledge: Its creation, distribution, and economic significance: Vol. 1. Knowledge and knowledge production. Princeton, NJ: Princeton University Press.
61. Maister, D. (1993). Managing the professional service firm. New York: Free Press.
62. March, J., & Simon, H. (1958). Organizations. New York: Wiley.
63. Miles, R., Snow, C., Matthews, J.A., Miles, G., & Coleman, H.J. (1997). Organizing in the knowledge age: Anticipating the cellular form. Academy of Management Executive, 11(4), 7-20.
64. Mockus, A., Fielding, R.T., & Herbsleb, J.D. (2002). Two case studies of open source software development: Apache and Mozilla. ACM Transactions on Software Engineering and Methodology, 11(1), 309-346.
65. Murmann, J.P., Aldrich, H., Levinthal, D., & Winter, S. (2003). Evolutionary thought in management and organization theory at the beginning of the new millennium. Journal of Management Inquiry, 12(1), 1-19.
66. Nahapiet, J., & Ghoshal, S. (1998). Social capital, intellectual capital, and the organizational advantage. Academy of Management Review, 23(2), 242-266.
67. Nahapiet, J., Gratton, L., & Rocha, H. (2005). Knowledge and relationships: When cooperation is the norm. European Management Review, 2(2), 3-14.
68. Nickerson, J., & Zenger, T. (2008). Envy, comparison costs, and the economic theory of the firm. Strategic Management Journal, 29(13), 1429-1449.
69. Olson, M. (1965). Logic of collective action. Cambridge: Cambridge University Press.
70. O'Mahony, S., & Ferraro, F. (2007). Governance in collective production communities. Academy of Management Journal, 50(5), 1079-1106.
71. O'Sullivan, M. (2000). Contests for corporate control: Corporate governance and economic performance in the United States and Germany. Oxford: Oxford University Press.
72. Pfeffer, J., & Sutton, R. (2006). Hard facts, dangerous half-truths and total non-sense: Profiting from evidence-based management. Boston: Harvard Business School Press.
73. Powell, W. (1990). Neither markets nor hierarchy: Network forms of organization. Research in Organizational Behavior, 12(1), 295-336.
74. Powell, W., & Snellman, K. (2004). The knowledge economy. Annual Review of Sociology, 30, 199-221.
75. Powell, W.W., Koput, K.W., & Smith-Doerr, L. (1996). Interorganizational collaboration and the locus of innovation: Networks of learning in biotechnology. Administrative Science Quarterly, 41(1), 116-145.
76. Raymond, E.S. (2001). The cathedral and the bazaar. New York: O'Reilly.
77. Roberts, J., Hann, I., & Slaughter, S. (2006). Understanding the motivations, participation and performance of open source software developers: A longitudinal study of the apache projects. Management Science, 52(7), 984-999.
78. Rossi-Hansberg, E., & Wright, M.J. (2007). Establishment size dynamics in the aggregate economy. American Economic Review, 97(5), 1639-1666.
79. Schneider, B. (1987). The people make the place. Personnel Psychology, 40(3), 437-454.
80. Somaya, D., Williamson, I.O., & Lorinkova, N. (2007). Gone but not lost: The different performance impacts of employee mobility between cooperators and competitors. Academy of Management Journal, 51(5), 936-953.
81. Spence, M. (2002). Signaling in retrospect and the informational structure of markets. American Economic Review, 92(3), 434-459.
82. Stroebe, W., Diehl, M., & Abakoumkin, G. (1992). The illusion of group effectivity. Personality and Social Psychology Bulletin, 18(5), 643-650.
83. Sugden, R. (2001). The logic of team reasoning. Philosophical Explorations, 6(1), 161-185.
84. Sunstein, C.R. (2006). Infotopia: How many minds produce knowledge. Oxford: Oxford University Press.
85. Teece, D. (2003). Expert talent and the design of (professional service) firms. Industrial and Corporate Change, 12(4), 895-916.
86. Weber, S. (2004). The success of open source. Boston: Harvard University Press.
87. Webster, F. (1995). Theories of information society. New York: Routledge.
88. Wenger, E. (1999). Communities of practice: Learning, meaning, identity. Cambridge: Cambridge University Press.
89. Wenger, E., McDermott, R.A., & Snyder, W. (2002). Cultivating communities of practice: A guide to managing knowledge. Boston: Harvard Business Press.
90. Zenger, T.R. (1992). Why do employers only reward extreme performance? Examining the relationship among performance, pay, and turnover. Administrative Science Quarterly, 37(2), 198-219.
91. Zenger, T.R. (1994). Explaining organizational diseconomies of scale in R&D: The allocation of engineering talent, ideas and effort by firm size. Management Science, 40(6), 708-729.
92. Zenger, T.R. (2002). Crafting internal hybrids: Complementarities, common change initiatives, and the team-based organization. International Journal of the Economics of Business, 9(1), 79-95.
93. Zenger, T.R., & Hesterly, W.S. (1997). The disaggregation of corporations: Selective intervention, highpowered incentives, and molecular units. Organization Science, 8(3), 209-223.