IDEAS home Printed from https://ideas.repec.org/a/nup/jrmdke/v5y2017i4477-479.html
   My bibliography  Save this article

The Knowledge Economy: The Present Future

Author

Listed:
  • Constantin BRATIANU

    (Bucharest University of Economic Studies)

Abstract

However, a close look at the developed economies demonstrates that the Knowledge Economy is already here, shaping our present time. Although there are many definitions of this new economic framework, their core content stresses the importance of data, information, and knowledge in the production of goods and delivering services in creating value for society. For instance, Powell and Snellman (2004, p.1999) define the knowledge economy as “production and services based on knowledge-intensive activities that contribute to an accelerated pace of technical and scientific advance, as well as a rapid obsolescence. The key component of the knowledge economy is a greater reliance on intellectual capabilities than on physical inputs or natural resources”. In the knowledge economy, knowledge becomes a strategic resource (Davenport & Prusak, 2000; Nonaka & Takeuchi, 1995) and knowledge strategies contribute directly to the competitive advantage (Bratianu & Bolisani, 2015). In this new economy, data, information, and knowledge are the driving forces of development and the knowledge economy is the engine of the global economy growth.

Suggested Citation

  • Constantin BRATIANU, 2017. "The Knowledge Economy: The Present Future," Management Dynamics in the Knowledge Economy, College of Management, National University of Political Studies and Public Administration, vol. 5(4), pages 477-479, December.
    • Handle: RePEc:nup:jrmdke:v:5:y:2017:i:4:477-479
    as

    Download full text from publisher

    File URL: http://www.managementdynamics.ro/index.php/journal/article/download/246/190
    Download Restriction: no
    File URL: http://www.managementdynamics.ro/index.php/journal/article/view/246/190
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Constantin Bratianu & Simona Vasilache & Ionela Jianu, 2006. "In search of intelligent organizations," Management & Marketing, Economic Publishing House, vol. 1(4), Winter.
    2. Constantin Bratianu & Simona Vasilache, 2009. "Evaluating linear-nonlinear thinking style for knowledge management education," Management & Marketing, Economic Publishing House, vol. 4(3), Autumn.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Patricia R. TODD, 2009. "Corporate social responsibility and global standardization: sustainable environmental management in the chemical industry," Management & Marketing, Economic Publishing House, vol. 4(1), Spring.
    2. Adrian D. Tanţău & Nicolae Al. Pop & Daniela Hîncu & Laurenţiu Frăţilă, 2011. "The Positioning of Universities in Collaborative Models as Clusters in a Knowledge Based Economy," The AMFITEATRU ECONOMIC journal, Academy of Economic Studies - Bucharest, Romania, vol. 13(30), pages 555-564, June.
    3. Adrian Motoc, 2023. "Family businesses SMEs through Covid-19 Crisis Management," International Journal of Business and Management, Canadian Center of Science and Education, vol. 17(3), pages 121-121, February.
    4. Mauro Romanelli & Patrizia Gazzola & Daniele Grechi & Francesca Pollice, 2021. "Towards a sustainability‐oriented religious tourism," Systems Research and Behavioral Science, Wiley Blackwell, vol. 38(3), pages 386-396, May.
    5. Adamik Anna & Walecka Anna, 2024. "The maturity of using the organization’s relational intelligence in the processes of building relational capital: a smart organization example," International Journal of Contemporary Management, Sciendo, vol. 60(1), pages 44-59, March.
    6. Andreea Feraru, 2013. "Features Of The Intellectual Capital Within Romanian Smes," Studies and Scientific Researches. Economics Edition, "Vasile Alecsandri" University of Bacau, Faculty of Economic Sciences, issue 18.
    7. Petrica Stoica & Ovidiu Leonard Turcu, 2013. "Knowledge Management In A Company," Studies and Scientific Researches. Economics Edition, "Vasile Alecsandri" University of Bacau, Faculty of Economic Sciences, issue 18.
    8. Ursache Vlad-Mihai, 2022. "Cybersecurity challenges in the knowledge economy," Proceedings of the International Conference on Business Excellence, Sciendo, vol. 16(1), pages 121-129, August.
    9. Bratianu Constantin & Stanescu Dan Florin & Mocanu Rares, 2021. "The mediation role of knowledge management between academic management and business education," Proceedings of the International Conference on Business Excellence, Sciendo, vol. 15(1), pages 102-112, December.
    10. Jinhyo Joseph Yun & Zheng Liu & Euiseob Jeong & Sangwoo Kim & Kyunghun Kim, 2022. "The Difference in Open Innovation between Open Access and Closed Access, According to the Change of Collective Intelligence and Knowledge Amount," Sustainability, MDPI, vol. 14(5), pages 1-19, February.
    11. Ruxandra Bejinaru, 2022. "Cluster Analysis Of Risks And Vulnerabilities For Environment Sustainable Management," Oradea Journal of Business and Economics, University of Oradea, Faculty of Economics, vol. 7(2), pages 35-48, Septembri.
    12. Andreea Bianca CAMARA, 2022. "Knowledge dynamics for smart leaders and smart cities," Smart Cities International Conference (SCIC) Proceedings, Smart-EDU Hub, vol. 10, pages 247-262, November.
    13. Lungu Miruna Florina, 2020. "The influence of strategic agility on firm performance," Proceedings of the International Conference on Business Excellence, Sciendo, vol. 14(1), pages 102-110, July.
    14. Staneiu Roxana-Maria, 2022. "Psychological Safety as a catalyst for Knowledge Sharing," Proceedings of the International Conference on Business Excellence, Sciendo, vol. 16(1), pages 98-108, August.
    15. Constantin BRATIANU & Georgiana Victoria BALANESCU, 2008. "Vision, mission and corporate values. A comparative analysis of the top 50 U.S. companies," Management & Marketing, Economic Publishing House, vol. 3(3), Autumn.
    16. Constantin BRATIANU & Dan PAIUC, 2022. "A Bibliometric Analysis of Cultural Intelligence and Multicultural Leadership," REVISTA DE MANAGEMENT COMPARAT INTERNATIONAL/REVIEW OF INTERNATIONAL COMPARATIVE MANAGEMENT, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 23(3), pages 319-337, July.

    More about this item

    Keywords

    knowledge economy; knowledge strategies.;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:nup:jrmdke:v:5:y:2017:i:4:477-479. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Cristian-Mihai VIDU (email available below). General contact details of provider: https://edirc.repec.org/data/fmsnsro.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.