KNOWLEDGE AS A SOURCE OF COMPETITIVE ADVANTAGE IN KNOWLEDGE BASED COMPANIES

Modern company in today\u27s economy is no longer solely dependent on its tangible assets such as real estate, factories or facilities. Doing business in today\u27s global economy creates new types of companies which are becoming increasingly dependent on their intangible assets such as information and knowledge. Today\u27s new economy has become global and information driven, and the first time in the history of the organization theory knowledge becomes companies the most valuable resource. Knowledge affects the creation of new value in the company, but it also affects on the creation of new knowledge. The use of the Internet enables its distribution in the global context. Knowledge can not be fully diminished. On the contrary, the more being used, it increases, expands and deepens. Therefore modern knowledge based companies need to continually work on their knowledge-based strategy as a source of the competitive advantage. This paper discusses the impact of organizational culture on creation of such companies