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Knowledge Based Economy Assessment in Romania

Author

Listed:
  • Sebastian Ion CEPTUREANU

    (The Bucharest University of Economic Studies, Romania)

  • Eduard Gabriel CEPTUREANU

    (The Bucharest University of Economic Studies, Romania)

  • Alina TUDORACHE

    (The Bucharest University of Economic Studies, Romania)

  • Filip ZGUBEA

    (The Bucharest University of Economic Studies, Romania)

Abstract

Knowledge and ability to create it, access and use effectively, has long been both an instrument of innovation and competition and a key economic and social development. However, a series of dramatic changes in recent years have increased the importance of knowledge for generating competitive advantage. Ability to process and use information globally and instantly increased exponentially in recent years due to a combination of scientific progress in computing and distributed computing, exacerbation of competition, innovation in all its forms and cuts of operating costs in global communication networks. As barriers to access knowledge regarding a process, product or market are gradually decreasing (distance, geographical features, and costs), knowledge and skills are becoming increasingly a key to competitiveness, both locally and globally. This paper, based on a survey of 551 Romanian companies, address a sensitive issue of both business and academic fields – perception of knowledge based economy in Romanian companies. Its conclusion can guide decision makers in Romania to develop an integrated approach to foster knowledge based economy in our country.

Suggested Citation

  • Sebastian Ion CEPTUREANU & Eduard Gabriel CEPTUREANU & Alina TUDORACHE & Filip ZGUBEA, 2012. "Knowledge Based Economy Assessment in Romania," Economia. Seria Management, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 15(1), pages 70-87, June.
    • Handle: RePEc:rom:econmn:v:15:y:2012:i:1:p:70-87
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    File URL: https://www.management.ase.ro/reveconomia/2012-1/6.pdf
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    Citations

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    Cited by:

    1. Sebastian-Ion CEPTUREANU, 2016. "Knowledge Management Tools in Romanian Companies," REVISTA DE MANAGEMENT COMPARAT INTERNATIONAL/REVIEW OF INTERNATIONAL COMPARATIVE MANAGEMENT, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 17(2), pages 123-129, May.
    2. Eduard Gabriel Ceptureanu, 2015. "New Perspectives Regarding Change And Innovation Into Romanian Smes," Annals of Faculty of Economics, University of Oradea, Faculty of Economics, vol. 1(1), pages 1087-1096, July.
    3. Sebastian-Ion Ceptureanu, 2016. "Critical Success Factors For Infrastructure European Funded Projects," Annals of Faculty of Economics, University of Oradea, Faculty of Economics, vol. 1(1), pages 888-898, July.
    4. Liviu Bogdan VLAD & Adrian Lucian KANOVICI & Gheorghe VLASCEANU, 2015. "European Funds And The Development Of Tourism In Romania," Proceedings of the INTERNATIONAL MANAGEMENT CONFERENCE, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 9(1), pages 1098-1105, November.
    5. Irinel MARIN, 2015. "Human Resources Insights Regarding Romanian Smes," Proceedings of the INTERNATIONAL MANAGEMENT CONFERENCE, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 9(1), pages 606-613, November.
    6. Eduard Gabriel Ceptureanu, 2015. "Connection Between Entrepreneurship And Innovation Into Romanian Small And Medium-Size Enterprises," Risk in Contemporary Economy, "Dunarea de Jos" University of Galati, Faculty of Economics and Business Administration, pages 127-134.
    7. Adela Anca FUCEC, 2012. "Is Romania a Favourable Environment for the Development of Knowledge-Based Organizations?," REVISTA DE MANAGEMENT COMPARAT INTERNATIONAL/REVIEW OF INTERNATIONAL COMPARATIVE MANAGEMENT, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 13(5), pages 768-777, December.
    8. Eduard Gabriel CEPTUREANU, 2016. "Research On Change Management Into Small Family Businesses," Proceedings of the INTERNATIONAL MANAGEMENT CONFERENCE, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 10(1), pages 302-306, November.
    9. Eduard-Gabriel CEPTUREANU, 2016. "Implications of Managerial Reengineering on Change Management," REVISTA DE MANAGEMENT COMPARAT INTERNATIONAL/REVIEW OF INTERNATIONAL COMPARATIVE MANAGEMENT, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 17(2), pages 164-172, May.
    10. Eduard Gabriel Ceptureanu, 2016. "How To Enhance Entrepreneurship In Universities. Bucharest University Of Economic Studies Case Study," Annals of Faculty of Economics, University of Oradea, Faculty of Economics, vol. 1(1), pages 881-887, July.
    11. Cătălina Florentina ALBU & Ștefan Cătălin POPA & Cezar Petre SIMION, 2020. "The Knowledge-Based Economy: Evolution of Research and Stage of Development in Europe and Romania," REVISTA DE MANAGEMENT COMPARAT INTERNATIONAL/REVIEW OF INTERNATIONAL COMPARATIVE MANAGEMENT, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 21(2), pages 265-279, May.
    12. Eduard Gabriel CEPTUREANU, 2015. "Reactions to Change in Romanian SMEs," REVISTA DE MANAGEMENT COMPARAT INTERNATIONAL/REVIEW OF INTERNATIONAL COMPARATIVE MANAGEMENT, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 16(1), pages 77-87, March.

    More about this item

    Keywords

    knowledge based economy; Romanian companies; awareness of KE; transition to KE.;
    All these keywords.

    JEL classification:

    • D83 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Search; Learning; Information and Knowledge; Communication; Belief; Unawareness
    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D

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