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Knowledge AssetsSecuring Competitive Advantage in the Information Economy$
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Max H. Boisot

Print publication date: 1999

Print ISBN-13: 9780198296072

Published to Oxford Scholarship Online: October 2011

DOI: 10.1093/acprof:oso/9780198296072.001.0001

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Information Technology and its Impact

Information Technology and its Impact

Chapter:
(p.206) 9Information Technology and its Impact
Source:
Knowledge Assets
Author(s):

Max H. Boisot

Publisher:
Oxford University Press
DOI:10.1093/acprof:oso/9780198296072.003.0009

This chapter inspects what the impact might be if the process for physical resources and of sharing the adaptive benefits that result throughout a population are being enhanced by the microelectronic revolution. It could be expected for the microelectronics revolution to have an apparent impact on the dynamics of information flows in the I-Space, as well as on how firms and organizations react to these. The lowering of transaction costs brought about by the microelectronics revolution is likely to exert a strong influence on the cultural and institutional options available to firms, both for their internal management and for their transactions with each other. By facilitating the diffusion of information that is still uncodified and concrete, IT makes it more difficult to reach the level of codification and abstraction required for legal appropriability before others manage to gain possession of it.

Keywords:   information technolgy, microelectronic revolution, information flows, I-Space, transaction costs, legality

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