Knowledge and strategic management

J. Hron
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J. Hron: Czech University of Agriculture, Prague, Czech Republic

Agricultural Economics, 2006, vol. 52, issue 3, 101-106

Abstract: The article summarizes recent developments in the field of knowledge management and its vital influence on strategic management. Knowledge has become a resource of key importance with regard to the competitive advantage of a business. It thus strengthens the resource-based view of competitive advantage and develops it further by providing guidelines for developing, storing, and sharing knowledge within a business with the use of the concept of organisational learning. Tacit and explicit knowledge is distinguished in order to differentiate their contribution towards the competitiveness of a business. Based on these developments major trends affecting current development of strategic management are defined as well as recommendations drawn from the experience of leading subjects in the field.

Keywords: knowledge and strategic management; competence; organisation; information systems (search for similar items in EconPapers)
Date: 2006
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Persistent link: https://EconPapers.repec.org/RePEc:caa:jnlage:v:52:y:2006:i:3:id:5001-agricecon

DOI: 10.17221/5001-AGRICECON

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