Knowledge Resources and Competitive Advantage

Doris Gomezelj Omerzel and Rune Ellemose Gulev
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Doris Gomezelj Omerzel: University of Primorska, Slovenia.
Rune Ellemose Gulev: University of Applied Sciences, Kiel, Germany

Managing Global Transitions, 2011, vol. 9, issue 4 (Winter), 335-354

Abstract: The paper discusses some definitions of knowledge as a potential source of competitive advantage. It reviews the literature pertaining to the assessment of knowledge assets. According to the resource-based view, which links the competitive advantage of organizations with resources and capabilities that are firm-specific, and difficult to imitate or substitute, a firm’s competitive advantage is built on a set of strategically relevant resources (Barney 1991; Grant 1991; Peteraf 1993). When firms have access to similar resources, it is those companies that are able to maximize the utilization of those resources that attain a competitive advantage. Among various strategic resources and capabilities that help determine the extent of competitive advantages, a pivotal role is often assigned to knowledge – as both a resource in itself and an integrating factor that makes other resources and capabilities effective – especially in complex and dynamic environments.

Keywords: knowledge; competitiveness; firm performance; knowledge-based theory (search for similar items in EconPapers)
JEL-codes: L26 (search for similar items in EconPapers)
Date: 2011
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Citations: View citations in EconPapers (8)

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