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Academic research – a catalyst for the innovation process within companies in Romania

Author

Listed:
  • Rodica Pamfilie

    () (Bucharest University of Economic Studies)

  • Smaranda Giusca

    (Bucharest University of Economic Studies)

  • Robert Bumbac

    (Bucharest University of Economic Studies)

Abstract

Current economic developments make the use of scientific resources, especially academic research, to be no longer just an option for companies wanting to remain competitive, but a necessity. This statement is based on the research conducted by the authors during the last three years on the companies` performance in Romania regarding the results of the innovation process and capitalization on scientific resources in order to improve this vital process. To achieve this, a mechanism should be created, through which key players in the market - companies, universities, research institutes and government - could work together towards the common goal of economic growth. This mechanism would help companies move beyond incremental innovation by using knowledge generated by universities or research institutes.

Suggested Citation

  • Rodica Pamfilie & Smaranda Giusca & Robert Bumbac, 2014. "Academic research – a catalyst for the innovation process within companies in Romania," The AMFITEATRU ECONOMIC journal, Academy of Economic Studies - Bucharest, Romania, vol. 16(37), pages 759-759, August.
  • Handle: RePEc:aes:amfeco:v:37:y:2014:i:16:p:759
    as

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    File URL: http://www.amfiteatrueconomic.ro/temp/Article_1311.pdf
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    References listed on IDEAS

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    1. Isidoro Romero & Raluca Mariana Petrescu & Alina Elena Balalia (Iosif), 2011. "Universities as Suppliers of Entrepreneurship Education Services. The Cases of The University of Seville and The Academy of Economic Studies in Bucharest," The AMFITEATRU ECONOMIC journal, Academy of Economic Studies - Bucharest, Romania, vol. 13(30), pages 347-361, June.
    2. Rentocchini, Francesco & D'Este, Pablo & Manjarrés-Henríquez, Liney & Grimaldi, Rosa, 2014. "The relationship between academic consulting and research performance: Evidence from five Spanish universities," International Journal of Industrial Organization, Elsevier, vol. 32(C), pages 70-83.
    3. Youtie, Jan & Shapira, Philip, 2008. "Building an innovation hub: A case study of the transformation of university roles in regional technological and economic development," Research Policy, Elsevier, vol. 37(8), pages 1188-1204, September.
    4. Cristian Bogdan Onete & Razvan Dina & Denisa Elena Vlad, 2013. "Social media in the development of sustainable business," The AMFITEATRU ECONOMIC journal, Academy of Economic Studies - Bucharest, Romania, vol. 15(Special 7), pages 659-670, November.
    5. Vincett, P.S., 2010. "The economic impacts of academic spin-off companies, and their implications for public policy," Research Policy, Elsevier, vol. 39(6), pages 736-747, July.
    6. Lawton Smith, H. & Ho, K., 2006. "Measuring the performance of Oxford University, Oxford Brookes University and the government laboratories' spin-off companies," Research Policy, Elsevier, vol. 35(10), pages 1554-1568, December.
    7. Gallego, Jorge & Rubalcaba, Luis & Suárez, Cristina, 2013. "Knowledge for innovation in Europe: The role of external knowledge on firms' cooperation strategies," Journal of Business Research, Elsevier, vol. 66(10), pages 2034-2041.
    8. Yusuf, Shahid, 2008. "Intermediating knowledge exchange between universities and businesses," Research Policy, Elsevier, vol. 37(8), pages 1167-1174, September.
    9. Perkmann, Markus & Tartari, Valentina & McKelvey, Maureen & Autio, Erkko & Broström, Anders & D’Este, Pablo & Fini, Riccardo & Geuna, Aldo & Grimaldi, Rosa & Hughes, Alan & Krabel, Stefan & Kitson, Mi, 2013. "Academic engagement and commercialisation: A review of the literature on university–industry relations," Research Policy, Elsevier, vol. 42(2), pages 423-442.
    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. Iosif Alina-Elena, 2015. "Do The Regions Of Romania Have Potential For Service Innovation? The Case Of The Region Of Bucharest-Ilfov," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 3, pages 176-182, June.
    2. Vladimir-Aurelian ENACHESCU & Vlad ROªCA, 2014. "Educational Counseling Approach for the Romanian Educational System," REVISTA DE MANAGEMENT COMPARAT INTERNATIONAL/REVIEW OF INTERNATIONAL COMPARATIVE MANAGEMENT, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 15(3), pages 321-333, July.
    3. Lubica Knošková, 2015. "Innovation Processes and Entrepreneurial Culture for Radical Innovations," The AMFITEATRU ECONOMIC journal, Academy of Economic Studies - Bucharest, Romania, vol. 17(38), pages 342-342, February.

    More about this item

    Keywords

    academic research; innovation; research and development; companies;

    JEL classification:

    • I23 - Health, Education, and Welfare - - Education - - - Higher Education; Research Institutions
    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D
    • M10 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - General

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