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

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 capabil...

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Main Authors: Lim, Ing-Keat, Thi, Lip Sam, Cheng, Wei Hin
Format: Conference or Workshop Item
Language:English
Published: 2016
Subjects:
Online Access:https://repo.uum.edu.my/id/eprint/19747/1/BAFE%202016%20247%20256.pdf
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author Lim, Ing-Keat
Thi, Lip Sam
Cheng, Wei Hin
author_facet Lim, Ing-Keat
Thi, Lip Sam
Cheng, Wei Hin
author_sort Lim, Ing-Keat
collection UUM
description 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.
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spelling uum-197472016-11-17T03:46:49Z https://repo.uum.edu.my/id/eprint/19747/ Effect of knowledge management, management innovation and dynamic capabilities in sustaining competitive advantage Lim, Ing-Keat Thi, Lip Sam Cheng, Wei Hin HD28 Management. Industrial Management 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. 2016 Conference or Workshop Item PeerReviewed application/pdf en https://repo.uum.edu.my/id/eprint/19747/1/BAFE%202016%20247%20256.pdf Lim, Ing-Keat and Thi, Lip Sam and Cheng, Wei Hin (2016) Effect of knowledge management, management innovation and dynamic capabilities in sustaining competitive advantage. In: International Conference on Business, Accounting, Finance and Economics (BAFE 2016), 05 Oktober 2016, Universiti Tunku Abdul Rahman, Kampar Perak, Malaysia. http://www.utar.edu.my/bafe/
spellingShingle HD28 Management. Industrial Management
Lim, Ing-Keat
Thi, Lip Sam
Cheng, Wei Hin
Effect of knowledge management, management innovation and dynamic capabilities in sustaining competitive advantage
title Effect of knowledge management, management innovation and dynamic capabilities in sustaining competitive advantage
title_full Effect of knowledge management, management innovation and dynamic capabilities in sustaining competitive advantage
title_fullStr Effect of knowledge management, management innovation and dynamic capabilities in sustaining competitive advantage
title_full_unstemmed Effect of knowledge management, management innovation and dynamic capabilities in sustaining competitive advantage
title_short Effect of knowledge management, management innovation and dynamic capabilities in sustaining competitive advantage
title_sort effect of knowledge management management innovation and dynamic capabilities in sustaining competitive advantage
topic HD28 Management. Industrial Management
url https://repo.uum.edu.my/id/eprint/19747/1/BAFE%202016%20247%20256.pdf
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