THE BASIC DYNAMICS OF SUSTAINABLE COMPETITIVE ADVANTAGE IN ENTERPRISES: KNOWLEDGE MANAGEMENT AND INTELLECTUAL CAPITAL

Year 2013, Volume: 5 Issue: 1, 54 - 68, 01.06.2013

Bahar Yalcın

Abstract

Today, enterprises need to develop and carry out different and original practices in
order to attain sustainable competitiveness and to keep up with rapid macro-level
changes. In the process of differentiation, the concepts of “knowledge
management” and “intellectual capital” are of significance. Knowledge
management is a strategy that helps direct knowledge to the right centers in the
processes of transmitting the right knowledge at the right time to the right targets,
sharing knowledge with workers, and bettering the organizational performance.
The fact that intellectual capital is addressed as a combination of three main
dynamics demonstrates that the scope of this concept has widened significantly.
Each of these dynamics “human capital”, “structural capital” and “relational (or
client) capital” is a separate value and of utmost importance for sustainable
competitiveness.
The aim of this study, thus, is to provide a perspective by conceptually discussing
the notions of knowledge management and intellectual capital as well as the
interaction between them in terms of sustainable competitiveness at the dimension
of value creation.

Keywords

Knowledge Management, Intellectual Capital, Sustainable Competitive Advantage

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