Management Dynamics in the Knowledge Economy (E-Journal)
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New Technologies for Parliaments Managing Knowledge for Sustaining Democracy
Get PDFParliaments as information and knowledge-based organizations are embracing the Internet and new technologies of information and communication for coping with the crisis of legitimacy relying on citizens feeling disenchanted about politics. Parliaments as democratic institutions engaging citizens use technology for better managing sources of knowledge and information and developing public policies as result of knowledge sharing and dialogue between public institutions and citizens. Parliaments dealing with an increasing complexity of governing tend to introduce new technologies following an information or knowledge approach to achieve legitimacy as credible institutions encouraging an active participation of citizens, for building a sustainable and democratic path promoting active citizenship. Parliaments sustain democracy by managing knowledge and information, structuring the e-parliament between merely providing a channel for citizens having access to information and developing active communication for engendering a dialogue with citizens to be included and exert influence in the policy process by encouraging participatory models driving the search of knowledge for building policies
Entrepreneurial Decision Under Risk and Uncertainty
Get PDFEntrepreneurial decision is always subject to a significant level of uncertainty. Uncertainty is related to human nature and it is the most significant reason for economic action. This paper explains the most important challenges for economic decisions due to different forms of uncertainty associated to it. The paper highlights why uncertainty is important for economic decision and which are the limits of risk management strategies proposed for dealing with such uncertainty
Emerging Competitive Strategies in the Global Luxury Industry in the Perspective of Sustainable Development: the Case of Kering Group
Get PDFIn the last years, many drivers should motivate luxury companies to engage in more sustainable practices. On the one hand, consumers seek new forms of luxury that shows respect for natural resources and human beings, yet standing by traditional factors such as quality, creativity, originality, craftsmanship and savoirfaire. The recent economic crisis has thrust the consumers towards the search for responsible luxury. In the new economic and competitive scenario, luxury brands would base their identity and image on a set of values through which they should be known and publicly judged by both clients and the market; sustainable development and corporate social responsibility strategies offer a particularly suitable platform to enrich the value-set of luxury brands. In this framework, the luxury industry is undergoing a process of self-analysis and redefinition of competitive strategies in the light of social responsibility and sustainable dimension. In order to create both financial and non-financial value, sustainable development needs to be incorporated in the core strategy of the firm and its core business. In this perspective, the paper provides an analysis of the main drivers that, in the luxury industry, are leading to a growing integration of social responsibility and sustainable development principles in the competitive strategies of luxury firms. In particular, the paper focuses on innovations emerging in the luxury industry, both at strategic and organizational levels, and provides an overview of new emerging innovative business models coherent with the principles of corporate social responsibility and sustainability. The theoretical analysis is supported by presentation of the case of the French Group Kering, which represents a pioneering example in sustainable development applied to competitive strategies and leading brand management practices
CSR as Corporate Power. A Communication View Facebook Approach: An Exploratory Study
Get PDFThis article aims to operationalize and measure the power of corporate communication and the main strategies that Romanian companies use to communicate their CSR campaigns on Facebook. The study conducts an extensive survey designed to emphasize the corporate communication indicators of power within CSR communication on Facebook and their correlation with the CSR communication strategy used by the first 100 biggest companies in Romania according to their turnover. The most important findings refer to the practice of Romanian companies of using their Facebook pages, primarily in order to expand their market, and less for reaching the confidence of their stakeholders. Thus, they profess their preference for visibility against trust. Romanian companies mainly use the self-centered strategy to communicate their CSR actions on Facebook, which means that the indicatives „relationship” and „co-creation” are very weak from the company’s point of view. The resistance to power is strong on the stakeholders’ side. As a result, it can be observed that there is a big pressure from the stakeholders’ point of view concerning the CSR communication on Facebook, in Romania. While companies try to sell their products or services through Facebook, stakeholders try to establish a relationship and consolidate a trust liaison with the companies they choose to buy from. In this context, it can be acknowledged that companies would rather respond to stakeholders’ questions or inquiries, than be proactive and anticipate some of their needs or complaints
Universities as Learning Organizations in the Knowledge Economy
Get PDFThrough the present paper, we want to emphasize a set of managerial strategies to be applied in order to improve the operational functioning of a university up to the status of a learning organization. The objectives of this research paper are first to present several different perspectives about the concept of a ‘learning organization’; second to substantiate the (still) fuzzy paradigm of universities as learning organizations both from a scientific and pragmatic perspective; and third to argue a set of strategies to be applied for the transformation into a ‘learning organization’. The relevance of the research theme is evidenced by the interest manifested by the academic community towards the issues that universities (as Higher Education Institutions) are confronting with especially during the last decades. This fact is reflected by the great number of publications in specialized journals and participation to thematic conferences and debates. The first section presents various perspectives on learning organization and organizational learning. The second section is focusing on universities as learning organizations aiming at continuous adaptation to the changing external business environment. The third section of the paper presents the most relevant strategies of the learning organization for the academic context and provides the necessary argumentation for universities to develop as a learning organization
Management of the Technological Innovation Process in Software Companies from Sinaloa, Mexico
Get PDFThe objective of this paper is to explain the management process of technological innovation within certified software companies from Sinaloa, considering their strategic technology plan, innovative processes, and intellectual capital. This work is based on the study of 9 software companies located in Sinaloa and certified through the CMMI (Capability Maturity Model for Integration) process. Their problems are grouped into three areas: 1) strategic technology plan, 2) innovation and 3) intellectual capital. We propose a model of innovation management to explain and evaluate the integration of those three areas applying a mixed methodology, theoretical foundations, and the analysis of the results. The overall results reveal that the certified software companies from Sinaloa manage innovation informally, through an internal, costly and independent innovation process without considering alliances with other companies, educational institutions, government agencies, technology parks or research and development centers.
Organizational Knowledge Conversion and Creation Processes in a Chaotic Environment
Get PDFThis is an explorative and conceptual paper, based on the analysis and comparison of relevant literature. the purpose of the article is to clarify the differences between knowledge creating processes and knowledge conversion processes, by analysing them when confronted with a chaotic environment. the way the knowledge conversion and creation processes are presented by Ikujiro Nonaka and his co-workers suggests the necessary existence of a Ba in order to generate the spiral of knowledge creation. this implies the acceptance of a relationship between the environment and the knowledge conversion process, in which the environment influences the knowledge creation. the article is based on the hypothesis that a chaotic environment, characterized by unpredictability, non-linearity and crisis, will lead to specific ways of functioning of the knowledge creation and conversion process that highlight the relations between the two different types of processes. Starting from the general concept of resilience, herein one proposes and explains the concept of resilience of the knowledge conversion system. the role of the attractors from the chaotic environment in the creation of new knowledge is identified and explaine
Medical Tourism in India: Growth or Dilemma
Get PDFThis study highlights the major trust areas, where the medical tourists are considering India as the country of choice. This study revolves around highlighting the reasons for which medical tourists recognize India as the perfect destination. The study investigates the framework of Medical Tourism in India, as the platform for medical tourists who seek low cost treatments with less waiting time. The study also revolves around identifying the core competencies of Indian Medical Tourism market, which makes it as the strategic thrust for the future growth drivers of the healthcare industry. The study is based upon the data collected through primary research, as well as secondary research from hospitals website, India’s Ministry of Health website and from the website of National Association of Health Tourism
The Evolution of Non-Banking Financial Markets in Hungary: The Case of Mutual Funds
Get PDFThe non-banking sector has an important place in financial markets. Therefore, the performance of financial markets can be looked at in different countries by analyzing the evolution of mutual funds, in terms of their inflows and outflows. This is even more important in the recent period, due to the recent global financial distress. Numerous studies, most of them conducted in the US, illustrate that flows are highly dependent on the previous performance and that a common behavior of investors is rather to look for highly performing funds than to give up the poorly performing ones. This paper studies the flows of funds into and out of Hungarian mutual funds during the period 2007-2014. The evolution of the mutual funds market depends on investor’s behavior and the paper analyzes the behavior of investors. The paper also tries to evaluate if and how the financial crisis affected the investing behavior of Hungarian investors. The main findings of the research illustrate that there are a number of factors that influence the way investors make their decisions. Among those fund flows in the previous month is the factor that influences the most the current flows, illustrating that Hungarians invest only in funds that attracted previously more new money. Other factors with a significant influence on the investors’ behavior are the size of the fund (measured through the net assets) and the risk (measured through the standard deviations of returns). The factor that surprisingly seems to have less influence on Hungarian inv estors’ decisions is the performance either measured as the evolution of the fund category or the rank and the square rank of the fund in its category. Another important finding was that data proved that the financial crisis had an impact on the capital market in Hungary, as investments decreased in that particular period and mutual funds performances were lower
Millennials at Work: Investigating the Specificity of Generation Y versus Other Generations
Get PDFThe present study intends to discuss the psychological profile of Generation Y versus other generations.The differences between Millennials and other generations are addressed in terms of values, personality characteristics, and reactions under stress. The topicality and relevance of the research theme are supported by the fact that most of the people who are currently employed in companies all over the world are members of the Generation Y. This situation requires a proper investigation of the characteristics and specificity of the so-called Millennials with a view to provide organizations with pertinent inputs for designing well-informed policies and for smoothly integrating Millennials in the workplace. To this end, Hogan Assessments personality inventories were applied online to more than 1000 persons from Generation Y (up to 29 years old) and more than 3000 persons from other generations (above 29 years old). Among others, the findings show that Millennials are motivated by recognition, public acknowledgment, instant and frequent positive feedback and gratification. As they need balance between personal and professional life, as well as a comfortable environment, they require a flexible work schedule, resent staying after hours. Being motivated to become part of various social networks, work in various teams, Millennials are able to easily find satisfaction in missions that involve interactions with new persons coming from different cultures and geographical areas. They are motivated by work in a nonconformist environment without strict rules and traditional work approaches, they tend to challenge the status quo and they will not be patient to keep the same job many year