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Permanent link (DOI): https://doi.org/10.7939/R3CW1M

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Knowledge Based Competitive Strategies: Strategic Complementarities from an Austrian Economic and Strategic Network Perspective Open Access

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Author or creator
Ng, Desmond
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Subject/Keyword
knowledge economy
Austrian economics
Type of item
Report
Language
English
Place
Time
Description
The concept of knowledge and its related dimensions of information and learning have traditionally received considerable research attention by scholars or organization and strategic management theorists. The increasing role of knowledge as a defining characteristic of the modern knowledge economy has renewed an interest to the importance of knowledge to a firm's competitive advantage. Such interest has raised a significant conceptual issue as to whether the new knowledge economy warrants an alternative framework to understanding competitive strategy. As a result, a conceptual model of knowledge based competitive advantage is proposed. Such a conceptual framework provides a departure from the static perspectives of Resource-based view and Industrial Organizational economic perspectives in accommodating for evolutionary changes of network knowledge. Implicit in this perspective is that sustainable competitive performance is not a realizable outcome. Rather knowledge based competitive performance is transitory in which the extent of such performance is contingent on the management of evolving network relations.
Date created
2002
DOI
doi:10.7939/R3CW1M
License information
Creative Commons Attribution-Non-Commercial-No Derivatives 3.0 Unported
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