Dj. Teece, CAPTURING VALUE FROM KNOWLEDGE ASSETS - THE NEW ECONOMY, MARKETS FOR KNOW-HOW, AND INTANGIBLE ASSETS, California management review, 40(3), 1998, pp. 55
The increasing liberalization of markets coupled with the creation of
new markets for intermediate products is stripping firm-level competit
ive advantage back to its fundamental core: difficult to create and di
fficult to imitate intangible assets. This article explores these deve
lopments and elucidates implications for the management of intellectua
l capital inside firms.