Management Dynamics in the Knowledge Economy (E-Journal)
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Exploring the Role of Human Capital Management on Organizational Success: Evidence from Public Universities
Get PDFThe demand for higher education in Nigeria has been considered as not only an investment in human capital, but also a pre-requisite for economic development. Consequent upon the expansion of higher education in Nigeria, quite a number of institutions have suffered decay due to poor work environments, inadequate educational facilities and poor funding which have resulted into unabated brain drain, strike and turnover. However, the need to develop talents is no longer hidden, what remains controversial is knowing the best method for managing human capacity especially in Nigerian State owned universities. Thus, this study examined the relationship between human capital management and organizational success using three State owned universities in Southwest, Nigeria. These universities (Ekiti State University (EKSU), Lagos State University (LASU), Tai Solarin University of Education (TASUED) were chosen for their uniqueness. Survey research design was adopted with 398 respondents (staff). Self-administered questionnaire was adopted and analyzed with the adoption of Structural Equation Modelling (SEM). However, the results indicated that adequate leadership practices; learning capacity; workforce optimization; knowledge accessibility; workplace culture and; mentorship are significant predictors of organizational success in higher education.
The Connection between IAS/IFRS and Social Responsibility
Get PDFThe aim of the paper is to evaluate the degree of social responsibility arising from the statement of comprehensive income prepared according to IAS/IFRS, to demonstrate whether the values obtained from prospects and from the calculation of the indicators are sufficient to analyze the Company's performance from the perspective of social responsibility and sustainable value or not. In order to achieve the objective of harmonization, the European Union adopted the IAS/IFRS developed by the International Accounting Standards Board (IASB). The research is divided into two sections and the approach used is mainly theoretical and qualitative. In the first part, the financial statements to be prepared according to IAS 1 and IAS 7 and, in particular, the so called statement of profit or loss and other comprehensive income for the period are analyzed by underling the function of the same and by presenting some financial performance indicators. Then, the research highlights how these values obtained are not useful to communicate the company's strategy in terms of social responsibility and sustainable value. In the second part the analyses exposes the concept of social balance. According to the social responsibility view the IAS/IFRS financial statements should be accompanied by the social balance. It becomes crucial to complete the set of financial statements stated from IAS 1 with a social balance as well as the same IAS 1 contemplates. For this reason it is possible to say that the connection between IAS/IFRS and social responsibility is weak
Social Media Platforms as a Tool for Sharing Emotions. A Perspective upon the National Security Agencies
Get PDFEmotions importance increases even more in the context of the national security agencies. Since their mission is to protect and defend the citizens against attacks and also to provide leadership and justice services to other agencies and partners, the aim of the information they post on social media should be twofold: on the one hand, it should reflect the attitudes, values and beliefs, supported by the institution, and on the other hand, it should have an impact on citizens feeling of security. But, do they manage to meet these demands? Are they focusing on impressing the audience or they concentrate on sharing specific emotions? Is it a marketing strategy or a knowledge strategy? Starting from these, the purpose of this research is to set a nexus between emotions and the use of social media by the national security organizations. In other words, we aim (i) to determine the main types of emotions, (ii) to establish whether these are shared within the social media platforms, (iii) to identify the purpose for which the national security organizations use social media, (iv) to determine whether social media could serve as Ba for the national security organizations. In order to achieve these objectives, we employ an ethic approach and develop a longitudinal study based on quantitative and qualitative content analysis. The results prove that social media platforms may serve as Ba since they appear as a shared space which fosters individual and collective knowledge creation and sharing. The national security agencies use social media platforms for combining the classical four types of Ba: originating Ba (it shares its emotions, feelings and thoughts through its posts), interacting Ba (through the generated reactions and comments, it ensures the development of shared models and the conversion of tacit knowledge into explicit knowledge), cyber Ba (by fostering the virtual interaction among its followers) and exercising Ba (by facilitating the creation of new emotional, spiritual and cognitive knowledge)
Stomach Infrastructure: Lessons for Democracy and Good Governance
Get PDFIn 2014, a new paradigm shift occurred in Nigeria which defiled the expectation of many social and political analysts. This paradigm was later titled ‘Stomach Infrastructure’ – a concept of inducing potential voters to support a particular candidate in an election, creating thus a new barometer for measuring good governance. To understand the concept of stomach infrastructure, this study makes a graphical comparison between stomach infrastructure and physical infrastructure, as they are both dividends of democracy. But to sum it up, stomach infrastructure is, first and foremost about the people’s survival. It is a living and stress-free man that can enjoy the benefit of a modern city or world class physical infrastructures. Thus, building stomach infrastructure is about following the natural sequence of actions in governance. It is about understanding the bottom-top, gradual approaches in developmental strides. It is about carrying everybody along, everyone at his own pace
The Performance-based Funding Scheme of Universities
Get PDFThe purpose of this study is to analyse the effectiveness of the performance-based funding scheme of the Finnish universities that was adopted at the beginning of 2013. The political decision-makers expect that the funding scheme will create incentives for the universities to improve performance, but these funding schemes have largely failed in many other countries, primarily because public funding is only a small share of the total funding of universities. This study is interesting because Finnish universities have no tuition fees, unlike in many other countries, and the state allocates funding based on the objectives achieved. The empirical evidence of the graduation rates indicates that graduation rates increased when a new scheme was adopted, especially among male students, who have more room for improvement than female students. The new performance-based funding scheme allocates the funding according to the output-based indicators and limits the scope of strategic planning and the autonomy of the university. The performance-based funding scheme is transformed to the strategy map of the balanced scorecard. The new funding scheme steers universities in many respects but leaves the research and teaching skills to the discretion of the universities. The new scheme has also diminished the importance of the performance agreements between the university and the Ministry. The scheme increases the incentives for universities to improve the processes and structures in order to attain as much public funding as possible. It is optimal for the central administration of the university to allocate resources to faculties and other organisational units following the criteria of the performance-based funding scheme. The new funding scheme has made the universities compete with each other, because the total funding to the universities is allocated to each university according to the funding scheme. There is a tendency that the funding schemes are occasionally improved. The findings of this study are useful for those who wish to modify the funding scheme in the future
Economic Consequences of BREXIT after the British Referendum
Get PDFThe European Union project is strongly challenged today by the historical decision of United Kingdom’s citizens to exit from this structure, with all consequences assumed. United Kingdom will be the first nation that will quit this ambitious initiative and the decision is transmitted by the organized national referendum’s results in this respect. The population’s opinion expressed by a huge number of voting persons should be taken into consideration by British politicians and transposed very soon into political actions that could have a strong and clear economic impact on both sides. This paper will discuss the possible economic consequences of such historical decision, including potential effects on a small country like Romania
World Atlas of Intellectual Capital: A Sketchy Version
Get PDFThis paper presents the first draft of a future World Atlas on Intellectual Capital (IC). We believe IC is a global phenomenon and that analysing the distribution of IC in the world can help understanding much of the social and economic problems of today. The Atlas is made according to an economic point of view. Therefore we analyse IC through twelve relevant economic issues: demand, supply, equilibrium, price, quantity, market forces, roleof the State, investment, stock, need, international grows and returns. Those twelve economic perspectives are grouped in four classes: market, agents, assets and international grows. For a start we use twelve economic spaces: Northern Europe, Central Europe, Southern Europe, Eastern Europe, Sub-Saharan Africa, Muslim World, Latin America and Mexico, the Anglo-Saxon countries, Russia, India, China, Japan and the Asian Tigers. We achieve the description of a very complex, but very valuable, socio-economic mosaic. We depict the difference between many of those areas in IC terms and as a result the difference in their socio and economic well-being. We hope to carry on the study in order to make a book on IC distribution in the world. Contributions are welcome
The Paradigm Shift in Strategic Human Resources. Research in the Case of Romanian Organizations
Get PDFThe paper presents the conditions and factors influencing the development of a strategic human capital plan, offering a framework for obtaining competitive advantage and for developing a business plan in which the Human Resources function can actually make a contribution. The authors also present the key elements of a Human Resources paradigm which will change the DNA of its function. The research was first implemented in 2009 with the purpose of identifying specific processes within Strategic Human Resources Management (SHRM). Aiming to obtain further information on HR processes currently applied within Romanian organizations, the authors applied a semi-structured interview on Human Resources specialists working in domains such as supporting services, human resources outsourcing services, telecommunications, automotive and taxi services, call center services and trade marketing. The results indicated that within organizations following the development of human resources processes, the gain of new knowledge in the business area of the company can be observed. The effects are also evident within organizations` development plans
Knowledge Transfer in Romanian Higher Education
Get PDFThe purpose of this paper is to explore the process of knowledge transfer in Romanian Higher Education Organizations by focusing on aspects of leadership. The current economic and social contexts are under a process of transformation. Educational institutions make no exception, as they must adapt to the changing demands of the market if they want to survive. Concepts such as education massification, competitive advantage of universities, quality assurance, university performance are widely discussed nowadays. All in all, universities are knowlege organizations that are one of the key drivers of innovation, development, leadership and research, as they create and transfer knowledge. An organization’s ability to communicate, share and innovate is critical in order to meet the challenges of the knowledge society. Starting from this general background, the present paper explores the characteristics and behaviors necessary for an ellective leadership in Higher Education Organizations through a series of interviews with leaders in the academia
Stimulating Sustainability in Multinational Companies: the Significance of Regional Headquarters
Get PDFRecently, regional headquarters have gained practical importance and theoretical attention. Traditionally considered a mere transmission facility to manage complex organisations, advanced approaches, however, locate regional headquarters in a field of tension between hierarchical integration and strategic independence. Given the growing concern for global responsibility, stimulating sustainability also and particularly addresses regional headquarters.This conceptual article combines the call for sustainability with the upcoming importance of regional headquarters: which contributions can the regional headquarters of a multinational company deliver to stimulate the development of sustainable corporate strategy and operations?The main topics are the effects different versions of embedding regional headquarters into the corporate context have on opportunities to implement sustainability policies: Are there different chances for successful implementation depending on the strategic setup of the company? Does the distribution of competences matter? Which types of interaction between headquarters and branch are suitable to introduce sustainability sustainably? Is the mix of national contexts of headquarters and branch of importance?First results show that depending on the companywide strategy, and especially on the structure and distribution of competences, regional headquarters can play a significant role as trigger of sustainability. The literature favours strong involvement and large autonomy of both branches as well as regional headquarters for the development and management of sustainability. The parts of the company involved in a critical environment often are the starting point of sustainability policies