Knowledge strategies can be intended as strategies aiming at enhancing the level of organizational knowledge and its effective use in a company. Knowledge strategies imply the proper planning and implementation of knowledge generation, transfer and sharing activities, the adoption of measures to reduce knowledge loss, to prevent leakages, and to protect intellectual production.All this requires new reflections and fresh approaches to establishing a direct connection between strategic planning and knowledge management capabilities in companies.In addition, since the necessity to exchange knowledge with external partners is integral part of the modern economic activities, organizations need to develop strategies not only to generate and manipulate knowledge internally, but also to acquire and deliver knowledge from/to the external environment. This can increase the chances of success in achieving competitive advantage which, in turn, reinforces the capability to manage knowledge resources.The explicit consideration of knowledge strategies as part of the strategic formulation in a company implies a new mind set and cultural attitude of executives, and new conceptual and prescriptive framework for strategic planning.