KNOWLEDGE BASED COMPETITIVE STRATEGIES: STRATEGIC COMPLEMENTARITIES FROM AN AUSTRALIAN ECONOMIC AND STRATEGIC NETWORK PERSPECTIVE

The concept of knowledge and its related dimensions of information and learning have traditionally received considerable research attention by scholars of 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.