Knowledge management in strategic alliances

Knowledge is one of the key resources in business development. Framework for the analysis of the knowledge management system may be built around the concepts of: properties of units, properties of relationships between units, and properties of knowledge. Effective knowledge management results from providing individuals with the opportunity to create, retain, and transfer knowledge. Interfirm learning in strategic alliances offers the potential to build competitive advantage. The two essential practices are: knowledge acquisition and knowledge creation. Intellectual capital and the knowledge are at the center of biotechnology firms. To exploit these resources it is necessary to be involved in various types of networks to diffuse and assimilate knowledge