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Knowledge and strategic management

Author

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  • J. Hron

    (Czech University of Agriculture, Prague, Czech Republic)

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.

Suggested Citation

  • J. Hron, 2006. "Knowledge and strategic management," Agricultural Economics, Czech Academy of Agricultural Sciences, vol. 52(3), pages 101-106.
    • Handle: RePEc:caa:jnlage:v:52:y:2006:i:3:id:5001-agricecon
    DOI: 10.17221/5001-AGRICECON
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    References listed on IDEAS

    as
    1. Richard R. Nelson, 1991. "Why do firms differ, and how does it matter?," Strategic Management Journal, Wiley Blackwell, vol. 12(S2), pages 61-74, December.
    2. Boisot, Max H., 1995. "Is your firm a creative destroyer? Competitive learning and knowledge flows in the technological strategies of firms," Research Policy, Elsevier, vol. 24(4), pages 489-506, July.
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    Cited by:

    1. Mário Franco & Rui Martins, 2023. "The Role of Networks in the Internationalization Process of Small- and Medium-sized Enterprises in the Wine-producing Sector," Global Business Review, International Management Institute, vol. 24(5), pages 990-1006, October.

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