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.
