Creating Competitive Advantage By Effectively Managing Knowledge : A Framework for Knowledge Management

Abstract

This paper investigates the vital link between the management of knowledge in contemporary organizations and the development of a sustainable competitive advantage. A framework synthesized from a review of the literature is offered. Five distinct hypotheses are developed, which constitute the essential ingredients of the formulated framework. Although each of these should be viewed as critical to the success of the entire process when examined individually, they should be considered most influential when viewed as forming a comprehensive gestalt for effectively managing knowledge. The paper also provides practical implications for creating a competitive advantage in modern firms.