As globalization continues its rapid pace, business managers must have tools and expertise to discover new ways to obtain gains from trade and new ways to reduce the costs of trade. It is necessary to adopt original approaches, capabilities, and strategies to succeed in world markets. Developing international knowledge is the foremost management challenge in the emerging global market place. The aim of this paper is to introduce the ‘Star Analysis’ as a method for applying this knowledge to obtain international competitive advantage. The results have been developed by the research project MSM 6215648904 ‘The Czech Economy in the Process of Integration and Globalisation, and the Development of Agricultural Sector and the Sector of Services under the New Conditions of the Integrated European Market’ of Mendel University in Brno, Faculty of Regional Development and International Studies.