The Analysis of the Knowledge Management Infrastructure in Business Strategy Formulation

Nowadays, since knowledge has become both the most important strategic re- source and production factor, it is one of the critical success factors of strategy formulati- on. In order to reach their objectives, companies need to manage knowledge successfully. The companies, which manage knowledge systematically and create added-value from knowledge, will gain sustainable competitive advantage. There is a relationship between an effective knowledge management and business strategy. An effective knowledge mana- gement also needs an infrastructure. Thus, the companies, which are aware of the value of the knowledge management, formulate business strategy and knowledge management to- gether. The principal objective of our study is to determine the existing situation as well as attitudes of top 500 industrial companies of Turkey to the concepts of knowledge and knowledge management, which are important for them to formulate business strategies. Thus, we also aim to determine the knowledge management infrastructure of Turkish com- panies that is necessary for their strategy formulation. In conclusion, Turkish companies are aware of knowledge and knowledge management and completed an important part of knowledge management infrastructure that is necessary business strategy formulation.