KNOWLEDGE AS A DISTINCTIVE RESOURCE OF COMPETITIVE ADVANTAGE

<p><em>The paper focuses on identifying factors that allow companies to gain competitive advantage in global competition, based on the sources of competitive advantage of nations. In the knowledge-based society, knowledge becomes a distinctive resource for any company that innovate in order to develop/strengthen some distinctive core-competencies against its competitors. However, there is a considerable amount of literature which unsatisfactory explains/clarifies the mechanism for processing various types of knowledge (explicit and tacit) and for innovating in order to maintain a certain competitive advantage in different markets. </em>