The Role of Intellectual Capital and Tangible Resources on Competitive Advantages in Chinese High-tech Industry

This paper uses empirical research methods examines the association between Knowledge Management and competition of Chinese pharmaceutical firms, and reveals the mechanism of innovative and intellectual resources to competitive actions and performance of Chinese high-tech firms. This paper has come out a series of conclusions: 1) Chinese pharmaceutical firms have more perception to adopt normal but frequent competitive actions rather than highly innovative moves; 2) Tangible resources, rather than intellectual capital, is regarded as strategic resources, whose similarity have moderating effects between competitive actions and performance; 3) Similarity of tangible resources have negative effects between frequency of action and performance, but have positive effects between deviance and performance, which means a firm with the higher similarity in tangible resources will have more endeavors on innovation and adopt the deviance moves.