• How can we signal the value of our knowledge? Knowledge-based reputation and its impact on firm performance in science-based industries

      Erden, Zeynep; Klang, David; Sydler, Renato; von Krogh, Georg (Long Range Planning, 2015)
      This study shows that the value of a firm's knowledge stocks in a stakeholder group is determined by the rules, values, norms and social evaluations conducted in that group. Based on prior work on the knowledge-based view of the firm and institutional theory, we develop a model of the relationship between the reputation of a firm's knowledge stocks in the scientific and business communities, and the impact of these assets on firm performance. We test the model in a longitudinal research setting with a set of carefully sampled public biopharmaceutical firms. The results indicate that the social evaluations of knowledge stocks by both the scientific and business communities affect firm performance. We indicate the implications of our findings for academic thought and for management practice.
    • The multifaceted nature of social practices: A review of the perspectives on practice-based theory building about organizations

      Erden, Zeynep (European Management Journal, 2014)
      A vibrant body of literature on social practices has developed rapidly in recent years. However, a systematic analysis of the underlying perspectives that shape the way practice-based scholars contribute to theory building about organizational phenomena has escaped scholarly attention. It is of pivotal importance to examine the multifaceted nature of social practices and understand the process by which new practice-based knowledge is developed. Our study addresses this gap by disentangling how researchers have adopted the knowledge, materiality, ethics, and politics perspectives that – as past influential work has informed us – are particularly relevant to practice-based theory building. In so doing, we categorize the body of literature into themes that correspond to the organizational phenomena examined by social practice scholars: practice boundaries and coordination of work, technology at work, strategy formation, local particulars structuring everyday work, and transformation of work practices. By uncovering how scholars adopt the four perspectives within each theme, our review shows that scholars (i) predominantly adopt the knowledge perspective, (ii) neglect the politics perspective when looking ‘inside’ a social practice, (iii) strikingly de-emphasize the ethics perspective, and (iv) isolate each of the four perspectives used in theory building. We then examine in detail the implications of our work for future research on social practices and conclude with a number of theoretical and methodological suggestions.