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Knowledge Resources and Competitive Advantage

Author

Listed:
  • Doris Gomezelj Omerzel

    (University of Primorska, Slovenia.)

  • Rune Ellemose Gulev

    (University of Applied Sciences, Kiel, Germany)

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.

Suggested Citation

  • Doris Gomezelj Omerzel & Rune Ellemose Gulev, 2011. "Knowledge Resources and Competitive Advantage," Managing Global Transitions, University of Primorska, Faculty of Management Koper, vol. 9(4 (Winter), pages 335-354.
    • Handle: RePEc:mgt:youmgt:v:9:y:2011:i:4:p:335-354
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    File URL: http://www.fm-kp.si/zalozba/ISSN/1581-6311/9_335-354.pdf
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    References listed on IDEAS

    as
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    4. Rajan, Raghuram G & Zingales, Luigi, 1995. "What Do We Know about Capital Structure? Some Evidence from International Data," Journal of Finance, American Finance Association, vol. 50(5), pages 1421-1460, December.
    5. Baldwin, John R. Gellatly, Guy, 2006. "Innovation Capabilities: The Knowledge Capital Behind the Survival and Growth of Firms," The Canadian Economy in Transition 2006013e, Statistics Canada, Economic Analysis Division.
    6. Jay B. Barney, 1986. "Strategic Factor Markets: Expectations, Luck, and Business Strategy," Management Science, INFORMS, vol. 32(10), pages 1231-1241, October.
    7. Baron, Robert A. & Markman, Gideon D., 2003. "Beyond social capital: the role of entrepreneurs' social competence in their financial success," Journal of Business Venturing, Elsevier, vol. 18(1), pages 41-60, January.
    8. Barbara Piazza-Georgi, 2002. "The role of human and social capital in growth: extending our understanding," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 26(4), pages 461-479, July.
    9. Sanchez, Ron, 2005. "Knowledge Management and Organizational Learning: Fundamental Concepts for Theory and Practice," Working Paper Series 2005/3, Lund University, Institute of Economic Research.
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    Cited by:

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    2. Guowei Li & Zhe Luo & Muhammad Anwar & Yuqiu Lu & Xiantao Wang & Xuening Liu, 2020. "Intellectual capital and the efficiency of SMEs in the transition economy China; Do financial resources strengthen the routes?," PLOS ONE, Public Library of Science, vol. 15(7), pages 1-25, July.
    3. Rizwan Ullah Khan & Yashar Salamzadeh & Hiroko Kawamorita & Gabor Rethi, 2021. "Entrepreneurial Orientation and Small and Medium-sized Enterprises’ Performance; Does ‘Access to Finance’ Moderate the Relation in Emerging Economies?," Vision, , vol. 25(1), pages 88-102, March.
    4. Muhammad Waseem Bari & Muhammad Abrar & Mohsin Bashir & Sajjad Ahmad Baig & Meng Fanchen, 2019. "Soft Issues During Cross-Border Mergers and Acquisitions and Industry Performance, China–Pakistan Economic Corridor Based View," SAGE Open, , vol. 9(2), pages 21582440198, April.
    5. Carmen Pedroza-Gutiérrez & Juan M. Hernández, 2020. "Social Networks and Supply Chain Management in Fish Trade," SAGE Open, , vol. 10(2), pages 21582440209, June.
    6. Chandra Sekhar & Manoj Patwardhan & Vishal Vyas, 2017. "Study of Intellectual Capital Dimensions in IT Industry Using DEMATEL Method," Journal of Information & Knowledge Management (JIKM), World Scientific Publishing Co. Pte. Ltd., vol. 16(03), pages 1-23, September.
    7. Rizki Aulya, 2023. "How Work from Home and Knowledge Sharing Affect Job Satisfaction Mediated By Work-Family Conflict?," GATR Journals jmmr318, Global Academy of Training and Research (GATR) Enterprise.
    8. Gricelda Juarez-Luis & Patricia S. Sanchez-Medina & Rene Diaz-Pichardo, 2019. "Environmental Innovation: Advancing The Resource-Advantage Theory Of Competition," International Journal of Management and Marketing Research, The Institute for Business and Finance Research, vol. 12(1), pages 23-36.

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    More about this item

    Keywords

    knowledge; competitiveness; firm performance; knowledge-based theory;
    All these keywords.

    JEL classification:

    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship

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