scholarly journals Social Capital in Knowledge Based Economy. Chosen Aspects

2014 ◽  
Vol 5 (3) ◽  
pp. 93-107
Author(s):  
Andżelika Libertowska
Keyword(s):  
Social Capital ◽  
Informal Institutions ◽  
Relationship Building ◽  
Transfer Of Knowledge ◽  
Knowledge Based ◽  
Knowledge Based Economy ◽  
Norms And Values ◽  
Factors Of Production ◽  
Economy Globalization

The article raises the issue of social capital in the context of building a knowledge-based economy. Globalization, the increasing mobility of factors of production and the development of information technology have all led companies towards a stronger competitive struggle. Competing with factors of production of material nature has become insufficient. Therefore, the interest of economists is now focusing on the role of informal institutions in the process of economic growth. The growth of the designations of social capital such as trust, norms and values, collaboration and relationship building, affects the ease of information flow, creation and transfer of knowledge - all of which translate into a reduction of transaction costs, increased innovativeness and competitiveness. The purpose of this article is to present the importance of social capital in the process of building a knowledge-based economy, and above all, the growth of innovativeness and entrepreneurship on the example of Poland. The study contains a review of literature sources which deal with the role of informal institutions in the fundamental aspects of knowledge economy, and thus, the value of companies, their intellectual capital, ease of business transactions, and above all, innovativeness. The last factor is presented on the canvas of current empirical data derived from institutions analyzing the level of Polish innovativeness. In addition, the article presents the results of empirical research on cross-organizational collaboration of selected companies of the food sector in Greater Poland and the importance of social capital in achieving competitive advantage in the international arena.

scholarly journals Contribution of language to the creation of corporate social capital

2019 ◽  
pp. 243-263
Author(s):  
Krishna S. Dhir
Keyword(s):  
Social Capital ◽  
Multinational Corporations ◽  
Language Skills ◽  
Multinational Companies ◽  
Knowledge Based ◽  
Knowledge Based Economy ◽  
The Creation ◽  
Corporate Social ◽  
Do So

With increased globalization of trade and business in a knowledge-based economy, and increasing diversification of the workforce, there is increasing pressure on multinational companies to report, and even measure, their social capital. This article explores the role of language in the creation of corporate social capital. The language used in a corporation is an asset, which creates value and corporate social capital in the use and exchange of ideas. Linguists have long attempted to assess the value of language as a commodity, but with little success. This article offers an approach to overcome this difficulty and to measure the value of language as an element of corporate social capital. To do so, it draws an analogy between the functions of language and functions of currency. The article goes on to suggest that multinational corporations should hold a portfolio of language skills, much as it does a portfolio of currencies.

scholarly journals Knowledge transfer between universities and smes and regional development. The role of the clusters as communities of practice

2020 ◽  
Vol 14 (1) ◽  
pp. 490-504
Author(s):  
Costin Lianu ◽  
Irina Gabriela Rădulescu ◽  
Corina Simona Dobre Gudei ◽  
Cosmin Lianu
Keyword(s):  
Knowledge Transfer ◽  
Communities Of Practice ◽  
Transfer Of Knowledge ◽  
Knowledge Based ◽  
Knowledge Based Economy ◽  
Term Basis ◽  
Smart Specialization ◽  
The University ◽  
Sustainable Competitive Advantages

AbstractThe Exchange of knowledge between universities and SMEs became a source of sustainable competitive advantages. The innovation capacity of SMEs is under pressure for various reasons since knowledge management is more costly and innovation readiness more difficult to be achieved. Higher Education Institutions (HEIs) became in this context critical players in the knowledge-based economy to interact with small companies. The traditional functions of universities are the generation of knowledge (research) and its transmission (teaching) are reconsidered in order to better serve the managers.This paper investigate conditions SMEs and universities may better work together, assuming that a pro university-SMEs cooperation behaviour at the level of the SMEs managers and universities is an essential factor of an efficient transfer of knowledge. Evidence of this interaction from development regions of Romania are shown in order to identify emerging cooperation patterns. Another area this paper investigates is the interaction of universities and SMEs when they are bound together in a longer cooperation alliances, in clusters. Actions to develop clusters include universities as central resource. The research intends to review the role of the university in cluster development for Romanian development regions on their struggle to occupy a role in European smart specialization processes. As a main conclusion, the article argues that smart specialization and communities of practice are interconnected concepts enabling innovation processes in university-industry interaction. Knowledge transfer may be more efficient when clusters and universities are interacting on a long-term basis.

scholarly journals The Role of Social Capital in Providing Economic Development

2021 ◽  
Vol 2 (48) ◽  
pp. 37-48
Author(s):  
A. O. Kurnosenko ◽  
◽  
H. V. Sytnyk ◽  
Keyword(s):  
Social Capital ◽  
Economic Development ◽  
Institutional Environment ◽  
Knowledge Based ◽  
Knowledge Based Economy ◽  
The Social ◽  
Analysis And Synthesis ◽  
Capital Development ◽  
Business Financing

In the knowledge-based economy, the role of intangible factors in providing economic development is increasing, thus mainstreaming research on the methodological foundations forming such factors, as well as the mechanisms of their impact on the state of economies. One of such factors is social capital, which is a set of stable communications within institutional environment, whose work is based on trust. The article aims at revealing the role of social capital in providing economic development, in general, and assessing its impact on Ukraine’s economic development, in particular. The research is based on the principles of the systemic approach and was carried out using such methods as analysis and synthesis, logical generalization, graphical and tabular methods of data presentation, and systematization method. The ways in which social capital influences the development of the economy are analyzed. They can be traced in the reduction of the transaction costs level, government corruptness, and shadow economy; the creation of new available forms of business financing. Using the main indicators of the social capital level, it has become possible to establish relation between social cohesion, social conditions and economic development of states. Ukraine’s place among other states as for its social capital level is considered. Connection between social capital development, the dynamics of economic development, and prosperity index is proven.

scholarly journals The sustainable development of the knowledge based economy in Lithuania

2014 ◽  
Vol 36 (4) ◽  
pp. 775-783
Author(s):  
Aurelija Čižauskaitė-Butkaliuk
Keyword(s):  
Sustainable Development ◽  
Information And Communications Technology ◽  
Growing Up ◽  
Environmental Innovation ◽  
The Sustainable Development ◽  
Knowledge Based ◽  
Knowledge Based Economy ◽  
Information And Communication ◽  
Effective Development

In this century the management of the country is in a dynamic, multiplicity and controversial environment. For their competitiveness is necessary to look for the interaction between the knowledgebased economy and the sustainable development. A strong correlation between those objects.forces scientists to analyze, create new evaluation methodologies. The aim of this study – to examine the role of importance between knowledge–based economy and sustainable development, create and calculate an integrated sustainable knowledge–based economy index of Lithuania and according to the results or research, make proposes for more effective development of Lithuania’s sustainable knowledge–based economy. The index consists of Socio-economic, environmental, innovation, human resources and information and communications technology sub–indices..The calculation showed that the development of a knowledge–based economy is not sustainable, because not all the development of sub–indices.is the same. The biggest positive changes taking place in information and communication technology, and negative – socio-economic areas. The sustainable development of the knowledge–based economy in Lithuania since 2010 is growing up.

Il pensiero di Kenneth Boulding, economista irenico. Relazioni sociali tra scambio, dono e coercizione

2009 ◽  
pp. 5-30
Author(s):  
Raul Caruso
Keyword(s):  
Social Capital ◽  
Economic Development ◽  
Social Interactions ◽  
Informal Institutions ◽  
Relational Goods ◽  
Economic Theories ◽  
Economic Development And Growth ◽  
Formal And Informal Institutions

- The aim of this essay is the ‘triangular theory of social interactions as expounded by Kenneth Boulding. Rediscovering the theoretical reflections of Kenneth Boulding about social interactions is even more important nowadays when economists are emphasizing the role of both formal and informal institutions in economic development and growth. In fact, he pioneered the study of elements which are commonly considered in the economic theories of institutions, social capital, reciprocity and relational goods.

General Prospects and Contending Issues in Malaysian ICT Policy

2014 ◽  
pp. 230-249
Keyword(s):  
Innovation Policy ◽  
Internet Technology ◽  
Public And Private ◽  
Knowledge Based ◽  
Role Of The State ◽  
Knowledge Based Economy ◽  
Digital Gap ◽  
Public And Private Sector ◽  
Trade And Investment

Malaysia was one of the early adopters of Internet technology to steer innovation policy in a direction that is making the country become a knowledge-based economy. This notion of knowledge-based economy driven by ICT is best exemplified by the borderless connectivity, interactivity, and networking. Since the middle of 1990s, there have been gradual but systematic public and private sector initiatives towards ICT agenda with the prominent role of the state. This chapter aims to unpack ICT developments and examine the implications of the post-MSC formation for Malaysia and its associated issues and challenges. Second, the discussion provides an overview of MSC performance and its importance for enhancing growth, trade, and investment; reducing the digital gap; nurturing innovation; and achieving more inclusive societies. Third, some issues and challenges in MSC development are also highlighted.

Managing Knowledge-Based Organizations Through Trust

2011 ◽  
pp. 1-29 ◽  
Author(s):  
Maija-Leena Huotari ◽  
Mirja Iivonen
Keyword(s):  
Social Capital ◽  
Knowledge Management ◽  
Organizational Development ◽  
Primary Source ◽  
Well Being ◽  
Knowledge Generation ◽  
Shared Meanings ◽  
Organizational Behaviour ◽  
Knowledge Based

This chapter provides a comprehensive basis for understanding the role of trust in knowledge management and systems in organizations. The point of departure is the resource and knowledge-based theories of an enterprise that place knowledge generation as the primary source of wealth and social well-being. The authors show the crucial role of the intangible factors of trust, knowledge and information as related to the social capital and the development of the intellectual capital of an organization. The multidisciplinary nature of the concept of knowledge management and of trust is examined by a thorough review of literature. Trust is seen as a situational and contextual phenomena whose impact on the development of an organizational culture and climate and on success with collaborating is explored as related to the relational, cognitive and structural dimensions of social capital. The overall aim is to sustain strategic capability in the networked mode of performing. The importance of normative trust, shared values and shared meanings is stressed as a frame of reference to organizational behaviour and in communities of practice, but also the role of swift trust is highlighted. The authors provide ideas for empirical research to develop theory of the strategic management of knowledge and information and outline implications for practices for the organizational development.

Leading Firms as Knowledge Gatekeepers in a Networked Environment

2008 ◽  
pp. 260-281 ◽  
Author(s):  
Deogratias Harorimana
Keyword(s):  
Knowledge Sharing ◽  
Doctoral Students ◽  
Virtual Teams ◽  
Large Firm ◽  
Competitive Environment ◽  
Industrial Districts ◽  
Sociocultural Context ◽  
Knowledge Based ◽  
Knowledge Based Economy

This chapter introduces the role of the knowledge gatekeeper as a mechanism by which knowledge is created and transferred in a networked environment. Knowledge creation and transfer are essential for building a knowledge-based economy. The chapter considers obstacles that inhibit this process and argues that leading firms create a shared sociocultural context that enables the condivision of tacit meanings and codification of knowledge. Leading firms act as gatekeepers of knowledge through the creation of shared virtual platforms. There will be a leading firm that connects several networks of clients and suppliers who may not interact directly with one another, but are, indeed, connected indirectly though the leading firm that acts as a gatekeeper. The chapter argues that a large firm connecting several clients and suppliers at the multinational level represents a gatekeeper, but even individuals and focal firms in industrial districts can be gatekeepers. The author hopes that, through this discussion, academics, researchers, and doctoral students will have a comprehensive theoretical and practical basis on which to study the role of leading firms in building innovations and virtual teams of knowledge sharing in a highly networked and competitive environment.

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