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A global market advantage framework: the role of global market knowledge competencies

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  • Yeniyurt, Sengun
  • Tamer Cavusgil, S.
  • Hult, G. Tomas M.

Abstract

The globalization forces engender companies to develop a new set of competencies that would enable the generation of abnormal returns in the global marketplace. This article reviews the extant literature regarding the effect of globalization on organizations and develops a conceptual framework that underlines the importance of knowledge management competencies in creating global market advantage. The knowledge management competencies consist of global customer, competitor and supplier knowledge development, inter-functional coordination and value chain coordination. The relationship between global market knowledge competencies and global market advantage is partially mediated by company's responsiveness. Global market advantage is positively associated with company's strategic and financial performance.

Suggested Citation

  • Yeniyurt, Sengun & Tamer Cavusgil, S. & Hult, G. Tomas M., 2005. "A global market advantage framework: the role of global market knowledge competencies," International Business Review, Elsevier, vol. 14(1), pages 1-19, February.
    • Handle: RePEc:eee:iburev:v:14:y:2005:i:1:p:1-19
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    9. Paras Bhatt & Claire Vishik & Govind Hariharan & H. Raghav Rao, 2022. "To Participate Or Not To Participate: An Investigation Of Strategic Participation In Standards," Papers 2204.03055, arXiv.org.
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    18. Nguyen, Tho D. & Barrett, Nigel J. & Fletcher, Richard, 2006. "Information internalisation and internationalisation--Evidence from Vietnamese firms," International Business Review, Elsevier, vol. 15(6), pages 682-701, December.
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