In recent years, especially in the field of management, concepts such as competitive intelligence and knowledge management have gained a rising interest as a result of information explosion. Nevertheless, these concepts need an additional effort to perceive the common features in both practice and research. Nowadays, numerous studies consider knowledge as the lifeblood of companies and as a valuable organizational resource. In a knowledge based context, there has been growing awareness about the importance of knowledge as an organizational performance driver. In this sense, how do competitive intelligence and knowledge management interact to create knowledge and optimize organizational performance? Drawing upon the literature review and analysis of both competitive intelligence and knowledge management processes, we discuss several important research concerns surrounding the role of these two concepts in achieving organizational performance. The main purpose of this article is to shed some light on competitive intelligence and knowledge management as powerful catalysts for knowledge creation, and as the foundation for organizational performance.