UNVEILING KNOWLEDGE ARBITRAGE IN STARTUPS: UNDERSTANDING THE DRIVERS AND BARRIERS OF THE PROCESS
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The purpose of this study is to explore the role of knowledge arbitrage in enhancing skills and competitiveness through leveraging opportunities. Knowledge arbitrage is an increasingly employed concept by organizations to foster innovation and gain a competitive edge. To effectively compete, organizations need to comprehend how knowledge is generated, disseminated, and utilized. The emergence of knowledge arbitrage as a novel approach to identify and acquire information and knowledge for driving firm performance has shed light on the influential role of knowledge. However, despite its growing utilization in innovation, networking, and competitive advantage, academic research on knowledge arbitrage remains limited. This thesis aims to revitalize and expand research on knowledge arbitrage in the context of the knowledge economy. By critically integrating existing knowledge and consolidating it into relevant dimensions, this study uncovers what has been investigated in literature so far and describes the current status of the topic. Additionally, it examines the drivers and barriers of knowledge arbitrage specifically in the startup environment. Two research methods were employed to investigate the research questions. Firstly, a systematic literature review (SLR) was conducted to gain insights into the current status of the topic. Secondly, a qualitative open-ended essay methodology was employed to identify the drivers and barriers that startups encounter when utilizing knowledge arbitrage. Through careful analysis and the SLR process, nine key themes emerged from the thematic analysis of selected studies, offering a comprehensive understanding of knowledge arbitrage. The findings of this thesis highlight the drivers and barriers of knowledge arbitrage in startups, encompassing both technological and organizational aspects. These findings have important implications for startups seeking to leverage knowledge arbitrage effectively. By understanding the drivers and overcoming the barriers, startups can optimize their knowledge acquisition and utilization processes, ultimately enhancing their competitive position. Furthermore, this study contributes to the revitalization and expansion of research on knowledge arbitrage in the knowledge economy, shedding light on its significance for organizational success.