IDEAS home Printed from https://ideas.repec.org/a/vrs/manmar/v12y2017i3p416-430n5.html
   My bibliography  Save this article

Strategies for developing knowledge economy in Romania

Author

Listed:
  • Hadad Shahrazad

    (The Bucharest University of Economic Studies, Bucharest, Romania, Academy of Romanian Scientists, Bucharest, Romania)

Abstract

The present paper delves into the specifics of knowledge economy with a particular focus on Romania. In the first part, it identifies knowledge economy characteristics and pillars and it analyses them as compared to levels exhibited by countries in the European Union. In the second part it argues for the strategies that could be used for enhancing knowledge economy in Romania. In order to do so we used the Delphi method and we identified 25 experts in the knowledge economy/management field coming from internationally renowned companies, universities and ministries located in Romania, to whom we sent invitations for participating in our Delphi survey that lasted one month. Out of the 25 experts, 10 answered positively and during the research we had an attrition rate of 90%. The experts delivered their opinions on the measures to be adopted in order to increase education and learning, ICT and innovation as building blocks of knowledge economy. Findings reveals that knowledge economy can be developed by adopting measures such as: devising a governmental program that will sustain the development of knowledge repositories at the level of technological clusters, industry associations and other professional organizations by providing financial assistance for hardware acquisition and software development in order to facilitate knowledge transfer; Governmental program for the financial support of schools’ investments in hardware and educational software and the training of staff for the use of ITC in teaching and learning, etc.

Suggested Citation

  • Hadad Shahrazad, 2017. "Strategies for developing knowledge economy in Romania," Management & Marketing, Sciendo, vol. 12(3), pages 416-430, September.
  • Handle: RePEc:vrs:manmar:v:12:y:2017:i:3:p:416-430:n:5
    DOI: 10.1515/mmcks-2017-0025
    as

    Download full text from publisher

    File URL: https://doi.org/10.1515/mmcks-2017-0025
    Download Restriction: no

    File URL: https://libkey.io/10.1515/mmcks-2017-0025?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. 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.
    2. Alexandru-Emil POPA, 2013. "Premises Of Knowledge Based Economy In Romania," Proceedings of the INTERNATIONAL MANAGEMENT CONFERENCE, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 7(1), pages 565-573, November.
    3. Constantin BRÄ‚TIANU, 2013. "The Triple Helix of the Organizational Knowledge," Management Dynamics in the Knowledge Economy, College of Management, National University of Political Studies and Public Administration, vol. 1(2), pages 207-220, August.
    4. Dumitru Miron & Alina Mihaela Dima & Simona Vasilache, 2010. "Models Of The Intra-Regional Trade Influence On Economic Sustainable Development In Romania," The AMFITEATRU ECONOMIC journal, Academy of Economic Studies - Bucharest, Romania, vol. 12(27), pages 27-35, February.
    5. Herciu Mihaela & Ogrean Claudia, 2011. "Interrelations Between Economic Freedom, Knowledge Economy And Global Competitiveness – Comparative Analysis Romania And Eu Average," Studies in Business and Economics, Lucian Blaga University of Sibiu, Faculty of Economic Sciences, vol. 6(2), pages 46-59, August.
    6. Constantin BRĂTIANU & Sorin ANAGNOSTE, 2011. "The Role Of Transformational Leadership In Mergers And Acquisitions In Emergent Economies," Management & Marketing, Economic Publishing House, vol. 6(2), Summer.
    7. 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.
    8. Constantin Bratianu & Simona Vasilache, 2010. "A factorial analysis of the managerial linear thinking model," International Journal of Innovation and Learning, Inderscience Enterprises Ltd, vol. 8(4), pages 393-407.
    9. 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.
    10. Dieter Ernst, 2000. "Inter-Organizational Knowledge Outsourcing: What Permits Small Taiwanese Firms to Compete in the Computer Industry?," Economics Study Area Working Papers 01, East-West Center, Economics Study Area.
    11. Adela Anca FUCEC, 2015. "Romania And The Knowledge Economies In The European Union: Status, Progress And Effects," Proceedings of the INTERNATIONAL MANAGEMENT CONFERENCE, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 9(1), pages 598-605, November.
    12. Mihaela-Cornelia DAN, 2012. "Innovative clusters: a solution for the economic development of Romania," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania - AGER, vol. 0(9(574)), pages 5-16, September.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Bratianu Constantin, 2018. "Intellectual capital research and practice: 7 myths and one golden rule," Management & Marketing, Sciendo, vol. 13(2), pages 859-879, June.
    2. Bejinaru Ruxandra, 2017. "Knowledge strategies aiming to improve the intellectual capital of universities," Management & Marketing, Sciendo, vol. 12(3), pages 500-523, September.
    3. Bejinaru Ruxandra, 2018. "Assessing students’ entrepreneurial skills needed in the Knowledge Economy," Management & Marketing, Sciendo, vol. 13(3), pages 1119-1132, September.
    4. 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.
    5. 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.
    6. Brătianu Constantin, 2018. "A holistic view of the organizational knowledge dynamics," HOLISTICA – Journal of Business and Public Administration, Sciendo, vol. 9(2), pages 7-22, August.
    7. 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.
    8. 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.
    9. 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.
    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.
    11. Bratianu Constantin, 2020. "From Thermodynamic Entropy to Knowledge Entropy," Proceedings of the International Conference on Business Excellence, Sciendo, vol. 14(1), pages 589-596, July.
    12. 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.
    13. Yi-Ju Lo & Tung Hung, 2015. "Structure offshoring and returns on offshoring," Asia Pacific Journal of Management, Springer, vol. 32(2), pages 443-479, June.
    14. Dieter Ernst, 2001. "The Internet's Effects on Global Production Networks: Challenges and Opportunities for Managing in Developing Asia," Economics Study Area Working Papers 33, East-West Center, Economics Study Area.
    15. Behl, Abhishek & Jayawardena, Nirma & Ishizaka, Alessio & Gupta, Manish & Shankar, Amit, 2022. "Gamification and gigification: A multidimensional theoretical approach," Journal of Business Research, Elsevier, vol. 139(C), pages 1378-1393.
    16. Johnson, Julius H. & Arya, Bindu & Mirchandani, Dinesh A., 2013. "Global integration strategies of small and medium multinationals: Evidence from Taiwan," Journal of World Business, Elsevier, vol. 48(1), pages 47-57.
    17. Damoc Adrian – Ioan, 2018. "Multidisciplinarity in economics education and how it can shape economic thinking in the future," Proceedings of the International Conference on Business Excellence, Sciendo, vol. 12(1), pages 263-275, May.
    18. Contreras, Oscar F. & Carrillo, Jorge & Alonso, Jorge, 2012. "Local Entrepreneurship within Global Value Chains: A Case Study in the Mexican Automotive Industry," World Development, Elsevier, vol. 40(5), pages 1013-1023.
    19. Adriana Zaiț & Constantin Bratianu & Elena‐Mădălina Vătămănescu & Andreia Gabriela Andrei & Ioana Alexandra Horodnic, 2021. "Interdisciplinarity: A complexity approach towards academic research," Systems Research and Behavioral Science, Wiley Blackwell, vol. 38(3), pages 294-306, May.
    20. Gavurova Beata & Cepel Martin & Belas Jaroslav & Dvorsky Jan, 2020. "Strategic Management in SMEs and Its Significance for Enhancing the Competitiveness in the V4 Countries - A Comparative Analysis," Management & Marketing, Sciendo, vol. 15(4), pages 557-569, December.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:vrs:manmar:v:12:y:2017:i:3:p:416-430:n:5. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: . General contact details of provider: https://www.sciendo.com .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Peter Golla (email available below). General contact details of provider: https://www.sciendo.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.