= Knowledge-based theory of the firm
{wiki=Knowledge-based_theory_of_the_firm}
The Knowledge-Based Theory of the Firm (KBT) is a conceptual framework that emphasizes the role of knowledge as a critical resource for firms, highlighting that a firm's competitive advantage and performance are primarily derived from its ability to create, manage, and leverage knowledge. This theory shifts the focus from traditional views of resources, such as physical assets or financial capital, to the importance of intangible assets, particularly knowledge.
Back to article page
