Effect of knowledge management, management innovation and dynamic capabilities in sustaining competitive advantage

• Main Authors: Lim, Ing-Keat, Thi, Lip Sam, Cheng, Wei Hin
• Format: Conference or Workshop Item
• Language: English
• Published: 2016
• Subjects: HD28 Management. Industrial Management
• Online Access: http://repo.uum.edu.my/19747/1/BAFE%202016%20247%20256.pdf; http://repo.uum.edu.my/19747/; http://www.utar.edu.my/bafe/

Sustainable competitive advantage (SCA) is imperative for a business landscape, Firms have to strive hard in developing their very own competitive strategy over their competitions to survive and long-term success of the businesses.In developing competitive strategy, firm's resources and capabilities to exploit opportunities and neutralizing threats to achieve SCA. Knowledge is a crucial resource for the survival of firm when managed, hence, firms that can capture the knowledge embedded in their firms efficiently and deploy it into their businesses could attain over their competitions.Besides, innovation has become the lifeblood challenge for all types of firms.However, firms cannot rely on technological innovation to create and maintain a competitive edge due to the rapid development of science and technology.Firm need to develop non-technological innovation (i.e management innovation) that claimed can create a long-term competitive advantage.Lastly, the value generated by resources and capabilities inclines to become out-dated and competitive advantages may not be sustainable in the long nun.Firm need to develop dynamic capabilities which are believed to be an essential element for firms' growth, survival and competitiveness. IN sum, knowledge management, management innovation and dynamic capabilities are critical for firm to sustain their competitive advantage over their competitors.