“…An extension of the RBV is knowledge based perspective of the competitive advantage (Grant, 1996;Nonaka & Takeuchi, 1995), based on the assumption that, knowledge is the most important resource in complex dynamic environments (Drucker, 1993;Nonaka & Takeuchi, 1995) and knowledge is seen as the core of wealth value creating activities. According to Roos, Bainbridge, and Jacobsen (2001), this concept was further developed by Edvinsson (1997), Roos & Roos (1997), Chatzkel (2002), and Pike, Rylander, and Roos (2001), as the intellectual capital perspective of the firm. The IC perspective views the intangible assets (human, structural and relational capital), unique to a particular organization as the source of value creation.…”