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How to Define and Measure Knowledge for the Analysis of Competitiveness

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  • Westeren, Knut Ingar

Abstract

Linking creation, use, and transfer of knowledge to a company‟s economic performance remains an important, yet little studied area of academic research. In this article, I extend MERITUM Project objectives that seek standards upon which to measure intangible assets. This is important because of the firm‟s need to measure and identify intangible assets like knowledge thereby increasing competitiveness. A firm engaged in the production of steel jackets for the offshore oil industry in peripheral Norway is used as a case study in which to develop definitions and metrics of knowledge for the analysis of competitiveness. The com-pany under examination has about 600 employees, an annual production value of about 200 million USD, and seeks to acquire and develop knowledge capital by looking at three key fac-tors including identification (what are the central knowledge processes that take place?), measurement (what kind of indicators can be used?) and management (how is management of knowledge integrated in the general management of the firm?). Results suggest that it is pos-sible on the firm level to link knowledge to competitiveness in a manner in which manage-ment can use it as a strategic device.

Suggested Citation

  • Westeren, Knut Ingar, 2008. "How to Define and Measure Knowledge for the Analysis of Competitiveness," Journal of Regional Analysis and Policy, Mid-Continent Regional Science Association, vol. 38(2), pages 1-7.
    • Handle: RePEc:ags:jrapmc:132354
    DOI: 10.22004/ag.econ.132354
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    References listed on IDEAS

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    1. Argote, Linda & Ingram, Paul, 2000. "Knowledge Transfer: A Basis for Competitive Advantage in Firms," Organizational Behavior and Human Decision Processes, Elsevier, vol. 82(1), pages 150-169, May.
    2. Fabiana Santos & Marco Crocco & Frederico G. Jayme Jr, 2005. "Knowledge externalities and growth in peripheral regions: introductory notes," Textos para Discussão Cedeplar-UFMG td278, Cedeplar, Universidade Federal de Minas Gerais.
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    Cited by:

    1. Tubadji, Annie & Nijkamp, Peter, 2016. "Impact of Intangible Cultural Capital on Regional Economic Development: A Study on Culture-Based Development in Greece," Journal of Regional Analysis and Policy, Mid-Continent Regional Science Association, vol. 46(1).
    2. Hanas A. Cader & John C. Leatherman, 2012. "Growth of the Knowledge-based Economy in a Two-person Non-cooperative Game," Chapters, in: Knut Ingar Westeren (ed.), Foundations of the Knowledge Economy, chapter 3, Edward Elgar Publishing.
    3. Jensen, Hans Siggaard, 2008. "Management and Learning in the Knowledge Society," Journal of Regional Analysis and Policy, Mid-Continent Regional Science Association, vol. 38(2), pages 1-8.

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