According to the knowledge-based theory of the firm, the possession of knowledge-based resources, known as intellectual capital, is essential in dynamic business environments. These resources contribute to lower costs, foster innovation and creativity, improve efficiencies, and deliver customer benefits.
According to the knowledge-based theory of the firm, maintaining a strong foundation in intellectual assets is essential for thriving in rapidly evolving business landscapes. These assets help reduce expenses, encourage innovation and imagination, improve operational effectiveness, and enhance customer satisfaction.