Review article
KNOWLEDGE AS A SOURCE OF COMPETITIVE ADVANTAGE IN KNOWLEDGE BASED COMPANIES
Ivona Vrdoljak Raguž
; University of Dubrovnik Department of Economics and Business Economics, Croatia
Senka Borovac Zekan
orcid.org/0000-0002-6130-4337
; University of Split University Department of Professional Studies, Croatia
Ivan Peronja
; University of Split Faculty of Maritime Studies
Abstract
Modern company in today's economy is no longer solely dependent on its tangible assets such as real estate, factories or facilities. Doing business in today's global economy creates new types of companies which are becoming increasingly dependent on their intangible assets such as information and knowledge. Today's new economy has become global and information driven, and the first time in the history of the organization theory knowledge becomes companies the most valuable resource. Knowledge affects the creation of new value in the company, but it also affects on the creation of new knowledge. The use of the Internet enables its distribution in the global context. Knowledge can not be fully diminished. On the contrary, the more being used, it increases, expands and deepens. Therefore modern knowledge based companies need to continually work on their knowledge-based strategy as a source of the competitive advantage. This paper discusses the impact of organizational culture on creation of such companies.
Keywords
knowledge; organizational learning; knowledge based company; competitive advantages
Hrčak ID:
187409
URI
Publication date:
9.10.2017.
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