Drawing upon the social network theory and social cognitive theory, this research proposes a model that assesses team performance from the mediating aspect of knowledge application, which represents a team’s learning process whereby an effective retrieval mechanism enables the team to access knowledge. In the model, team performance relates to three knowledge facilitators (i.e., team learning orientation, cluster resources availability, and cluster social relationship) via the mediation of knowledge application. The model also takes collective learning efficacy as a moderator. The research hypotheses of this study are tested using data of work teams from a large high-tech industry zone in Taiwan. Finally, this paper presents managerial implications and research limitations based on the empirical results.