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Dynamic Capabilities of Universities in the Knowledge Economy

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  • Ruxandra BEJINARU

    (Ștefan cel Mare University of Suceava)

Abstract

The purpose of this paper is to analyze how universities can develop dynamic capabilities based on their strategic resources in order to increase their competitiveness in the knowledge economy. ”Dynamic capabilities” is a concept introduced by Teece, Pisano, and Shuen (1997) to emphasize the managerial capacity of a given organization of using efficiently its strategic resources in transforming opportunities in business success. They reflect the capacity of the organization to sense, seize, adapt to the changing environment. For a university, the most important strategic resources are information, knowledge, and ideas which constitute its intellectual capital. The present paper is analyzing critically these strategic resources of a university and the necessary conditions to develop dynamic capabilities in order to use efficiently these resources in a turbulent economic environment. Universities are in the knowledge economy the most important hubs for knowledge creation and its transfer to the students, as well as to their communities. At the same time, professors contribute to the development of the generic thinking skills of their students to help them for employability in a future with many new jobs and new business activities.

Suggested Citation

  • 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.
  • Handle: RePEc:nup:jrmdke:v:5:y:2017:i:4:577-595
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    Cited by:

    1. 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.
    2. Hadad Shahrazad, 2017. "Strategies for developing knowledge economy in Romania," Management & Marketing, Sciendo, vol. 12(3), pages 416-430, September.
    3. 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.
    4. Bejinaru Ruxandra, 2017. "Knowledge strategies aiming to improve the intellectual capital of universities," Management & Marketing, Sciendo, vol. 12(3), pages 500-523, September.
    5. 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.
    6. Bejinaru Ruxandra, 2018. "Assessing students’ entrepreneurial skills needed in the Knowledge Economy," Management & Marketing, Sciendo, vol. 13(3), pages 1119-1132, September.
    7. 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.
    8. Bratianu Constantin, 2018. "Intellectual capital research and practice: 7 myths and one golden rule," Management & Marketing, Sciendo, vol. 13(2), pages 859-879, June.
    9. 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.
    10. 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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