Building an Integrative Methodology and Framework for Strategy Formulation

José Maria Viedma Marti and Maria Rosário Cabrita

Chapter 4 in Entrepreneurial Excellence in the Knowledge Economy, 2012, pp 170-218 from Palgrave Macmillan

Abstract: Abstract Globalisation and the incredible technological advances, particularly in the areas of information and communications technology, created a “new era” that has reshaped the global economic environment. Those trends are changing the competitive structure of markets in such a way that the effectiveness of traditional sources of advantage is blurred. A new paradigm economy emerged in which knowledge is seen as the critical factor of production, the vehicle of economic benefits and the source of the nation’s prosperity and sustainable competitive advantage. In response, new models of business are emerging where the value chain have their hard nucleus in the creation, transformation, dissemination, application and leverage of intellectual resources.

Keywords: Knowledge Economy; Core Competency; Strategy Formulation; Intellectual Capital; Sustainable Competitive Advantage (search for similar items in EconPapers)
Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-02407-7_5

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DOI: 10.1057/9781137024077_5

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