Managing knowledge inventories is the central issue posed by the knowledge‐based view of the firm. Knowledge inventory management involves acquiring, retaining, deploying, idling, and abandoning technologies. Because of future opportunities to switch technologies over time, managing knowledge inventories requires valuing flexibility. Real option theory presents normative conceptual frameworks and pricing formulas for valuing flexibility. These formulas assume managers consider the full time horizon of technologies as well as all available substituting and complementary technologies. This study considers the implications of violations of these assumptions (i.e., temporal and spatial myopia) for managers' technology investment decisions. Specifying decision criteria under alternative forms of myopia reveals possible sources and patterns of technology management decision errors. This study highlights the cognitive sources of path dependencies and organizational rigidities. Copyright © 2002 John Wiley & Sons, Ltd.
Strategic Management Journal – Wiley
Published: Aug 1, 2002
It’s your single place to instantly
discover and read the research
that matters to you.
Enjoy affordable access to
over 18 million articles from more than
15,000 peer-reviewed journals.
All for just $49/month
Query the DeepDyve database, plus search all of PubMed and Google Scholar seamlessly
Save any article or search result from DeepDyve, PubMed, and Google Scholar... all in one place.
Get unlimited, online access to over 18 million full-text articles from more than 15,000 scientific journals.
Read from thousands of the leading scholarly journals from SpringerNature, Wiley-Blackwell, Oxford University Press and more.
All the latest content is available, no embargo periods.
“Hi guys, I cannot tell you how much I love this resource. Incredible. I really believe you've hit the nail on the head with this site in regards to solving the research-purchase issue.”Daniel C.
“Whoa! It’s like Spotify but for academic articles.”@Phil_Robichaud
“I must say, @deepdyve is a fabulous solution to the independent researcher's problem of #access to #information.”@deepthiw
“My last article couldn't be possible without the platform @deepdyve that makes journal papers cheaper.”@JoseServera