Knowledge and knowledge management. The resource based view and competitive advantage. The contribution of knowledge management to attaining competitive advantage


Essay, 2017

14 Pages, Grade: 61.0


Abstract or Introduction

Knowledge has been identified as a crucial source of attaining competitive advantage and the creation of value (King and Zeithaml, 2003), and a fundamental component for growth and important criteria for organizations with global interest. Knowledge management is a method of collecting, organizing, and sharing worker intellectual capital all through the organization to guarantee the firm's effectiveness. Kelleher and Levene (2001) sharing knowledge all through the organization to promote current firm's business processes, brings about effective business process and eliminates unnecessary process.

The resource based view has advanced to become an important theory in the field of strategy from the 1980's (Wernerfelt, 1984 ; Barney 1991 ; Grant 1991). The resource based view moves concentration of researchers in the field of strategy from external resource to organization's internal resources. It sets up the different types of resources different from other organizations as a crucial sources of advantage amongst rivals (Peteraf, 1993; Barney 1991) and determines different factors that assist organizations to keep up with their superior resource position and competitive advantage (Dierickx and Cool, 1989; Barney 1991; Ghemawat,1986).

The necessity for developing competitive advantage over rivals is of top most discussion in strategic management subjects (Rahimli, 2012). Competitive advantage of an organization is said to exist when the resource of an organization is exceptional among other rivalry industries (Kotler and Keller, 2012).

This essay will examine more literature in knowledge and knowledge management, the resource based view and competitive advantage and the contribution of knowledge management to attaining competitive advantage.

Details

Title
Knowledge and knowledge management. The resource based view and competitive advantage. The contribution of knowledge management to attaining competitive advantage
College
University of South Wales
Course
Management Theories and Philosophies
Grade
61.0
Author
Year
2017
Pages
14
Catalog Number
V388171
ISBN (eBook)
9783668624696
File size
625 KB
Language
English
Tags
knowledge
Quote paper
Adebusoye Sanni (Author), 2017, Knowledge and knowledge management. The resource based view and competitive advantage. The contribution of knowledge management to attaining competitive advantage, Munich, GRIN Verlag, https://www.grin.com/document/388171

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