Knowledge management and innovation strategy in the Asia Pacific: Toward an institution-based view

The emergence of knowledge-intensive society has changed the nature of business competition. Knowledge management becomes an important managerial task and formulating a sound innovation strategy is an integral part of strategic management. Adopting an institution-based view, this article argues that the institutional environment in the Asia Pacific region plays a multi-faceted role behind firms’ knowledge management and innovation strategy. Specifically, institutions impose rules for legitimacy, serve as a source of knowledge, and allocate incentives and resources for innovation. We believe that future research drawing on the institution-based view has significant potential to advance our understanding of knowledge management and innovation strategy in Asia Pacific firms.

Mike W. PengEmail:

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Yuan Lu   (PhD, University of Aston) is a professor at the Chinese University of Hong Kong and works in the areas of corporate diversification, business groups, and institutional entrepreneurship. He is on the editorial board of the Asia Pacific Journal of Management. Eric W. K. Tsang   (PhD, University of Cambridge) is an associate professor at the University of Texas at Dallas. He is a Senior Editor of the Asia Pacific Journal of Management, and is on the editorial boards of five other journals, including the Academy of Management Journal and the Academy of Management Review. He has published over 50 journal articles. Mike W. Peng   (PhD, University of Washington) is the Provost’s Distinguished Professor of Global Strategy at the University of Texas at Dallas and Editor-in-Chief of the Asia Pacific Journal of Management. His market-leading text, Global Strategy (South-Western Thomson, 2006), has been translated into Chinese and Portuguese, and his new Global Business text (South-Western Cengage Learning, 2009) has recently been launched.