A prominent theme in the debate about knowledge and organisations is the role of knowledge in the theory of the firm. The knowledge-intensive firm is both important economically and a source of great interest academically; it operates in highly dynamic environments, which require the firm to construct new knowledge in order to respond to changes within the operating environment. The central feature of these post-industrial firms is that knowledge is fundamental to the functioning of the modern economies in which they operate. Thus the creation and utilisation of knowledge is of major importance to the success of these firms. Knowledge has always been implicated in the process of economic development; since anything we do, how we transform resources into products and services, crucially depends on the knowledge we have at our disposal for affecting such transformation.