The Exploitation of the Open Economic System’s Synergistic Relational Potential
AbstractThis paper proposes and depicts certain aspects that we consider to be essential in the matter of the economic systems’ relational potential utilization for their functional synergism's turning up and synergic acting in the benefit of the concerned systems (with emphasis on the open ones) and in the purpose of avoiding undesirable results. It aims at highlighting, defining and outlining the main conceptual issues, including the formalizing and also showing of certain real examples. After a short introduction and a very synthetic review of the evolution of economic entities (from the angle of the managerial approach) to the open system form, a conceptual presentation of those systems’ potential to generate synergism by multiple connections and relations is made. The paper’s conception is based on the hypothesis that the concern and action for quantifying and exploiting the synergic relational potential of the active economic entities (including the case of complex entities, of regional or national level) would represent support and impulse for their success in competition; this specific advantage of those economic entities is perceived as being obtained out from of the conventional means. Further on, the factorial substantiation of the growth of an open economic system’s synergic potential is made and the benefits of its turning to good account are described, but also certain problems (and examples) concerning its accounting and finding in statistic records.The essential aspects (argumentative and to be followed to achieve synergy effects) are synthesized into a suggestive formula concerning especially the number and intensity of the established and functional links, as a result of trying to measure the exploitation degree of the synergistic relational potential that belongs to the active economic networks or systems. Objective arguments of empirical nature result, regarding the necessity of quantification and exploitation of relational synergistic potential of economic entities (including the complex entities at regional and national level).
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Bibliographic InfoArticle provided by ScientificPapers.org in its journal Journal of Knowledge Management, Economics and Information Technology.
Volume (Year): 2 (2012)
Issue (Month): 2 (April)
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Find related papers by JEL classification:
- A12 - General Economics and Teaching - - General Economics - - - Relation of Economics to Other Disciplines
- A - General Economics and Teaching
- D21 - Microeconomics - - Production and Organizations - - - Firm Behavior: Theory
- D01 - Microeconomics - - General - - - Microeconomic Behavior: Underlying Principles
- L14 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Transactional Relationships; Contracts and Reputation
- P47 - Economic Systems - - Other Economic Systems - - - Performance and Prospects
- P49 - Economic Systems - - Other Economic Systems - - - Other
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- Erik Devos & Palani-Rajan Kadapakkam & Srinivasan Krishnamurthy, 2009. "How Do Mergers Create Value? A Comparison of Taxes, Market Power, and Efficiency Improvements as Explanations for�Synergies," Review of Financial Studies, Society for Financial Studies, vol. 22(3), pages 1179-1211, March.
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