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The increasing dynamic nature of competitive environments has made improvement of organizational learning and more effective use of knowledge a central concern of strategic management. This text develops a framework of essential elements for the strategic management of learning and knowledge. It investigates the organizational contexts in which learning takes place and the key dynamics in a firm's processes for developing a superior ability to learn. Development of this area leads to the organization becoming more effective in leveraging knowledge to greatest strategic benefit. The book examines relationships between firms which enable the creation and application of new knowledge, and it suggests new approaches to categorizing and managing strategically important knowledge in both cooperative and competitive interactions between organizations. It should be of interest to CEOs, senior managers and MBA Students.