Knowledge accumulated over centuries is often manifested in the form of ethics, culture, as well as technological, social, and economic developments of a society. At the organizational level, its growth in terms of wealth, collaborative working culture, business processes, and productivity are true reflections of its accumulated knowledge. In short, knowledge is linked to progress in practically every aspect of our lives. In the current economy, advances in information technology and communication systems have encouraged, and in some instances, compelled organizations to develop and institutionalize process for the creation, transfer, and management of knowledge. It is, therefore, not surprising that research recognizes knowledge as a key economic resource. In particular, knowledge creation and subsequent sharing of this new knowledge and innovation are critical for organizations to gain and retain competitive advantage. Clearly, knowledge is considered a critical resource for sustaining competitive advantage.