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Universities in the Knowledge Economy

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  • Ruxandra BEJINARU

    ("Ștefan cel Mare" University of Suceava)

Abstract

Throughout this paper, we present the observations and conclusions of our research that is both conceptual and pragmatic. As the title suggests, our research focuses on the new roles of universities in the knowledge economy. Since their beginning, universities have been scientific, cultural and moral landmarks for society and even today they have the mission of stimulating a social and economic progress in society. We start the presentation of the research by emphasizing the correlations between the new understanding of the knowledge concept and the functioning of the university. We consider that knowledge represents a strategic resource for universities and also the main resource used in all its organizational processes and has great impact on the final products and services that the university delivers for its stakeholders and finally for the whole society. In the second section of the paper we discuss the strategic roles that the universities play in society. Though we consider that the primordial role of the university is to educate students and to contribute to the scientific knowledge of the world, today universities integrate more and diverse responsibilities which represent new dynamics capabilities. Within the third section of the paper we approach the problem of the intellectual capital which we consider also as a strategic component of universities and with great potential for their prosperity. The discussion regarding the impact of the intellectual capital is particularly important due to the presentation of the novel entropic model of intellectual capital. In the final part of the paper we analyze and argue the most recently announced challenges and high perspectives for the universities world-wide and we present our concluding remarks.

Suggested Citation

  • Ruxandra BEJINARU, 2017. "Universities in the Knowledge Economy," Management Dynamics in the Knowledge Economy, College of Management, National University of Political Studies and Public Administration, vol. 5(2), pages 251-271, June.
  • Handle: RePEc:nup:jrmdke:v:5:y:2017:i:2:251-271
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    References listed on IDEAS

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    1. Ramona CANTARAGIU & Carmen PĂUNESCU & Shahrazad HADAD, 2014. "The social impact of university entrepreneurship in Romania: Is the institutional discourse replicated or adapted?," Management & Marketing, Economic Publishing House, vol. 9(4), Winter.
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    9. Bejinaru Ruxandra & Prelipcean Gabriela, 2017. "Successful strategies to be learnt from world-class universities," Proceedings of the International Conference on Business Excellence, Sciendo, vol. 11(1), pages 350-358, July.
    10. Constantin Bratianu & Ruxandra Bejinaru, 2016. "Evaluation of Knowledge Processes Within the Learning Organization," World Scientific Book Chapters, in: Ovidiu Nicolescu & Lester Lloyd-Reason (ed.), Challenges, Performances and Tendencies in Organisation Management, chapter 14, pages 125-135, World Scientific Publishing Co. Pte. Ltd..
    11. Ruxandra BEJINARU, 2016. "Knowledge Dynamics Impact on Intellectual Capital in Organizations," Management Dynamics in the Knowledge Economy, College of Management, National University of Political Studies and Public Administration, vol. 4(4), pages 515-534, December.
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    Cited by:

    1. Ruxandra BEJINARU, 2017. "Dynamic Capabilities of Universities in the Knowledge Economy," Management Dynamics in the Knowledge Economy, College of Management, National University of Political Studies and Public Administration, vol. 5(4), pages 577-595, December.
    2. Ruxandra BEJINARU, 2018. "Factorial Analysis Perspectives upon StudentsÂ’ Skills in the Knowledge Economy," Management Dynamics in the Knowledge Economy, College of Management, National University of Political Studies and Public Administration, vol. 6(2), pages 265-284, June.
    3. Hadad Shahrazad, 2017. "Strategies for developing knowledge economy in Romania," Management & Marketing, Sciendo, vol. 12(3), pages 416-430, September.
    4. Kareem Mohanad Ali & Alameer Alaa Abdulameer Ahmed, 2019. "The Impact of Dynamic Capabilities on Organizational Effectiveness," Management & Marketing, Sciendo, vol. 14(4), pages 402-418, December.
    5. Bejinaru Ruxandra, 2017. "Knowledge strategies aiming to improve the intellectual capital of universities," Management & Marketing, Sciendo, vol. 12(3), pages 500-523, September.
    6. Eduardo Tomé & Elizaveta Gromova, 2021. "Development of Emergent Knowledge Strategies and New Dynamic Capabilities for Business Education in a Time of Crisis," Sustainability, MDPI, vol. 13(8), pages 1-16, April.
    7. Bejinaru Ruxandra, 2018. "Assessing students’ entrepreneurial skills needed in the Knowledge Economy," Management & Marketing, Sciendo, vol. 13(3), pages 1119-1132, September.
    8. Hadad Shahrazad & Cantaragiu Ramona, 2018. "Civic Engagement Index (CEI) - the case of liberal arts universities from Romania," Proceedings of the International Conference on Business Excellence, Sciendo, vol. 12(1), pages 1080-1088, May.
    9. Cristian-Valentin HAPENCIUC & Daniela NEAMTU & Ruxandra BEJINARU, 2017. "Transformations In Education In A Knowledge-Based Society," Proceedings of the INTERNATIONAL MANAGEMENT CONFERENCE, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 11(1), pages 306-317, November.
    10. Bratianu Constantin, 2018. "Intellectual capital research and practice: 7 myths and one golden rule," Management & Marketing, Sciendo, vol. 13(2), pages 859-879, June.
    11. Daniela Mihaela Neamțu & Cristian-Valentin Hapenciuc & Ruxandra Bejinaru, 2019. "Reflections of Data and Theory of Leadership Communication Strategies," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(2), pages 558-566, December.
    12. Allan LAWRENCE & Christopher BAMBER & Enis ELEZI, 2017. "E-learning Solutions for a Changing Global Market. An Analysis of Two Comparative Case Studies," Management Dynamics in the Knowledge Economy, College of Management, National University of Political Studies and Public Administration, vol. 5(4), pages 597-618, December.

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