“…Knowledge is a fundamental asset for firms and organizations (Teece, 1998), and a main resource upon which competitive advantage is founded (Albino et al, 1998;Kogut and Zander, 1992;Nonaka, 1994;Reisman, 2005). Successful knowledge transfer (KT) as a critical factor necessary to improve both productivity (Janis, 2003;Martyniuk et al, 2003) and innovation (Albino et al, 2004;Cohen and Levinthal, 1990;Reisman, 2005). Moreover, knowledge is essential for economic progress whilst international technology transfer is noted as being an important prerequisite requirement for economic development (Hedlund and Nonaka, 1993).…”