scholarly journals THE INNOVATIVE POTENTIAL OF THE INTERNATIONAL COMPANY IN TERMS OF KNOWLEDGE ECONOMY DEVELOPMENT

2021 ◽  
pp. 127-136
Author(s):  
Марина Шевченко ◽  
Тетяна Друз’яка
Keyword(s):  
Human Capital ◽  
Knowledge Economy ◽  
Pharmaceutical Products ◽  
Point Of View ◽  
Sources Of Information ◽  
Global Competitiveness ◽  
Theoretical Approaches ◽  
Global Innovation ◽  
Knowledge Based Economy ◽  
Innovative Potential

Theoretical approaches to the definition of the concept of “innovative potential” based on the paradigm of the knowledge economy are considered. The origin and development of the concepts of “innovative potential” and “knowledge economy” are investigated. The main types of economy are  analyzed and the distinguishing features of each of them are highlighted. The main components of innovative potential in accordance with the type of knowledge are identified. The basic relationship between the knowledge economy and innovative potential at the micro and macro levels is justified. It has been confirmed that the knowledge-based economy of knowledge focuses on a person as the main source of knowledge, which it embodies in tangible and intangible forms, transfers this knowledge and aims to commercialize it. The innovative potential shows the readiness of the system to produce new knowledge by using existing knowledge. The theory of human capital and modern principles of its development are considered. The latest achievements, trends and sources of information that relate to the knowledge economy and innovative potential are analyzed: the human capital index, the global innovation index, and the global competitiveness index. The main trends in the pharmaceutical field and the state of innovation in it are considered. The practical connection between the development of the knowledge economy and innovative potential at the enterprise level is revealed. A survey of consumers in relation to pharmaceutical products of national and foreign manufacturers was conducted, because according to a statistical analysis, problems with the mismatch between the capabilities of foreign manufacturers and national manufacturers were identified, negatively affect the process of commercialization of knowledge by enterprises. The main problems of pharmaceutical enterprises from the point of view of the knowledge economy are identified. The solution to this problem will affect the economic situation of the enterprise, industry and economy of the country.

scholarly journals The Selected Topics for Comparison in Visegrad Four Countries

Economies ◽  
2018 ◽  
Vol 6 (3) ◽  
pp. 50 ◽  
Author(s):  
Anna Kowalska ◽  
Jaroslav Kovarnik ◽  
Eva Hamplova ◽  
Pavel Prazak
Keyword(s):  
Economic Development ◽  
Czech Republic ◽  
World Market ◽  
Point Of View ◽  
World Intellectual Property Organization ◽  
The Czech Republic ◽  
Global Competitiveness ◽  
Global Innovation ◽  
Knowledge Based Economy ◽  
The World

Visegrad Group is a group of four countries in Central Europe, namely the Czech Republic, Slovakia, Poland, and Hungary. These countries share not only a similar history, but also similar economic development (measured for example by Gross Domestic Product (GDP)) and geo-political ideas. Nowadays, the economic development of every country and its competitiveness on the world market is supported by the creation of innovation (knowledge-based economy), especially from an Industry 4.0 point of view. The aim of this article is to compare the Visegrad Four (V4) from different perspectives. Firstly, the comparison of GPD development is done, next the analysis of foreign trade. The article presents the results of a comparative analysis of changes in innovativeness and competitiveness of the V4 economies over a period of 5 years. The Global Innovation Index (GII) shows the level of innovation of most countries in the world. Reports publishing GII were established thanks to the cooperation of Cornwall University with INSEAD (fr. Institut européen d'administration des affaires) Business School and World Intellectual Property Organization. The Summary Innovation Index (SII) was used in the European Innovation Scoreboard, as well as the Global Competitiveness Report and Global Competitiveness Index (GCI). The analysis shows that all members of V4 are so called moderate innovators. The Czech Republic begins to diverge from other member states in terms of SII, GII and it has been increasing its GCI as well. Poland occupies one of the last positions in the V4 innovation ranking, where Hungary was the weakest in terms of competitiveness in 2016. However, the mutual connection between GDP and above mentioned indexes shows relatively surprising results.

Innovative Techniques and Strategies of Skill Building for Human Resource Development in SMEs, India

2016 ◽  
Vol 2 (2) ◽  
Author(s):  
Arti Awasthi
Keyword(s):  
Human Capital ◽  
Human Resource Development ◽  
Skill Development ◽  
Education And Training ◽  
Global Competitiveness ◽  
Knowledge Based ◽  
Knowledge Based Economy ◽  
Key Factor ◽  
Skill Building ◽  
And Training

India has gradually evolved as knowledge based economy due to the abundance of capable, flexible and qualified human capital. With the constantly rising influence of globalization, India has immense opportunities to establish its distinctive position in the world. However, there is a need to further develop and empower the human capital to ensure the nations global competitiveness. Despite the empathetic stress laid on education and training in this country, there is still a shortage of skilled manpower to address the mounting needs and demands of the economy. Skill building can be viewed as an instrument to improve the effectiveness and contribution of labor to the overall production. It is as an important ingredient to push the production possibility frontier outward and to take growth rate of the economy to a higher trajectory. This paper focuses on skill development in Small and Medium Enterprise (SMEs) which contribute nearly 8 percent of the country's GDP, 45 percent of the manufacturing output and 40 percent of the exports. They provide the largest share of employment after agriculture. They are the nurseries for entrepreneurship and innovation. SMEs have been established in almost all-major sectors in the Indian industry. The main assets for any firm, especially small and medium sized enterprises are their human capital. This is even more important in the knowledge based economy, where intangible factors and services are of growing importance. The rapid obsolescence of knowledge is a key factor of the knowledge economy. However, we also know that for a small business it is very difficult to engage staff in education and training in order to update and upgrade their skills within continuous learning approach. Therefore there is a need to innovate new techniques and strategies of skill development to develop human capital in SME's.

scholarly journals Measurement of Intellectual Capital as Exemplified by Methods of Groups Based on the Roa Indicator and on Market Capitalization

e-Finanse ◽  
2017 ◽  
Vol 12 (4) ◽  
pp. 58-71
Author(s):  
Karolina Palimąka ◽  
Mateusz Mierzejewskl
Keyword(s):  
Intellectual Capital ◽  
Food Industry ◽  
Intangible Assets ◽  
Financial Statements ◽  
Point Of View ◽  
Market Capitalization ◽  
Knowledge Based ◽  
Theoretical Approaches ◽  
Knowledge Based Economy ◽  
Business Analysis

Abstract The concept of a knowledge-based economy is a relatively new topic, but it does not mean that the previous economies did not use knowledge. For many years, knowledge formed the basis of any economy, it was a factor that set the pace of each of them, but just nit is making a significant impact on the entrepreneurial environment, and more. Inherent KBE is the concept of intellectual capital. The article raises both theoretical approaches towards the concept of intellectual capital, and points to the importance (from the point of view of managing this intangible value in the company) -of measuring intellectual capital. The process of good management of the value of intangible assets must be supported by knowledge about, e. g.,its size, value, etc. The authors focus on presenting methods of measuring intellectual capital from two groups of methods by the classification made by K. E. Sveiby, who is considered one of the fathers of the IC concept. The goal of the article is to compare methods from these two groups in terms of their flaws and advantages as regards preparing business analysis. This is done through presentation of the topic, including the concept and methods of intellectual capital measurement, which was based on the review of the literature.Furthermore, based on financial statements of companies from the WIG- oil&gas index and WIG- food industry indexwaysof interpreting the final results are presented.

scholarly journals DIFFICULTIES IN FORMING A KNOWLEDGE-BASED ECONOMY

2018 ◽  
pp. 188-193
Author(s):  
TAMAR DOLIDZE
Keyword(s):  
Developing Countries ◽  
Knowledge Economy ◽  
Scientific Literature ◽  
Developed Countries ◽  
Point Of View ◽  
Schematic Model ◽  
Knowledge Based ◽  
Knowledge Based Economy ◽  
Statistical Mechanism ◽  
Definition Of

In scientific literature there is no defining explanation and no relevant theoretical model of knowledge and information. Consequently, the definition of the knowledge economy is very eclectic and vague. As a result of the research, we have presented the definition and the general schematic model of knowledge and information. Knowledge is a product that is hard to define due to its nature, which makes it difficult to determine its value It is natural when it is difficult to determine the value of the knowledge as a product it is actually impossible to commercialize it. There is also no adequate statistical mechanism for assessing the knowledge economy. The issue has been insufficiently studied scientifically both in theoretical and quantitative parameters’ point of view. All these and other factors complicate the formation of a knowledge-based economy in developed countries. As for developing countries, in the best case there are only discussions on these issues.

scholarly journals INNOVATIVE DEVELOPMENT AND HUMAN CAPITAL AS DETERMINANTS OF KNOWLEDGE ECONOMY

2020 ◽  
Vol 21 (1) ◽  
pp. 252-260
Author(s):  
Olha Podra ◽  
Nataliia Litvin ◽  
Zinaida Zhyvko ◽  
Marta Kopytko ◽  
Liliia Kukharska
Keyword(s):  
Human Capital ◽  
Knowledge Economy ◽  
Global Economy ◽  
World Market ◽  
Innovation Activity ◽  
High Tech ◽  
Innovative Development ◽  
Economic Progress ◽  
Global Innovation ◽  
Predicted Values

The development of a knowledge economy is a key priority for innovative progress and for ensuring the country’s competitiveness through the efficient use of intellectual resources and human capital. Our paper is focused on a necessity to find out the influence of human capital in providing innovative development and the formation of knowledge economy, to develop measures for its formation, accumulation, preservation, reproduction in order to increase national competitiveness at the world market. The foundation of the knowledge economy is productive knowledge and quality education that contribute to the intellectual capital embodiment into productive activities. A detailed analysis of the current state and problems of the education and science spheres has been carried out, international ratings have been analyzed and the place of Ukraine in them is determined in the article. An estimation of financial losses of the economy in connection with the outflow of students to study abroad is hold in the article. By using the trend modeling method we propose to estimate the effect of the predicted values of the components of innovation activity on the Global Innovation Index. Results show that Ukraine position in the Global Innovation Index rating will strengthen, which can testify, about the redistribution of financing of the innovation sphere in favor of private institutions and investors. The transition to a knowledge economy involves an understanding of the decisive influence of science, the latest technologies, innovations in the global economy, and enables the resource-oriented countries to leave this status and become a countries of high-tech and high skilled development, based on the transformation of knowledge into a source of value and the driving force of economic progress.

scholarly journals Role and importance of companies in shaping and functioning of the innovation system

2021 ◽  
Author(s):  
Zijada Rahimić
Keyword(s):  
Knowledge Economy ◽  
Innovation System ◽  
The European Union ◽  
Western Balkans ◽  
Global Competitiveness ◽  
Eu Member States ◽  
Global Innovation ◽  
Innovative Capabilities ◽  
Competitiveness Index ◽  
The Relationship

By continuously strengthening research and development (R&D) activities and innovative capabilities, companies are achieving long-term sustainable competitive advantages in today’s increasingly complex and uncertain markets. At the same time, by creating new knowledge, innovative application of existing knowledge and technologies, and facilitating their transfer, they contribute to building a knowledge economy and the country’s competitiveness. One of the pillars of the knowledge economy is an effective innovation system, in which companies have a special place and role. The aim of this paper is to present and analyse the contribution of companies to the efficient functioning of innovation systems, to examine the relationship and impact of innovation and R&D expenditures on global competitiveness. The Global Innovation Index (GII) and the Global Competitiveness Index (GCI), in which innovation and sophistication represent one of the three categories of competitiveness, were used as a methodological framework for analysing the effects of innovation capabilities. The focus of the analysis was the relationship between innovation inputs and innovation outputs, as well as the relationship between the GII and GCI of Bosnia and Herzegovina, the countries of the Western Balkans and the group of selected countries of the European Union (EU). The research results show that there is a statistically significant relationship between innovation inputs and outputs. There are obvious differences in the strength of the link between the variables of innovation and competitiveness for the countries of the Western Balkans and for selected EU member states. It was also found that R&D expenditures significantly affect the value of the competitiveness index.

scholarly journals Mining enterprises innovativeness from the point of view of human capital significance

2020 ◽  
pp. 52-58
Author(s):  
Oksana Komarova ◽  
◽  
Vladimir E. Strovskii ◽  
Irina V. Peregon ◽  
◽  
...  
Keyword(s):  
Human Capital ◽  
Point Of View ◽  
Special Role ◽  
Innovative Development ◽  
Mining Enterprise ◽  
Remedial Actions ◽  
Innovative Potential ◽  
Capital Development ◽  
Effective Use ◽  
Integral Indicator

Research relevance. Today, the main prerequisite for the improvement of mining enterprises performance and competitiveness is their transition to innovation-based development. The enterprises are directed towards the novelties, innovations, and changes, which largely depend on human activity revitalization. As a result, human capital becomes more valuable than metal, oil, etc. Human capital becomes exactly the value that determines the economic development. Innovation-based development of a mining enterprise is the influence exerted by the managing entity on the managed enterprise with the purpose of transferring it to the required state. The effectiveness of mining enterprise innovative development management requires appraising the level of innovativeness and taking necessary remedial actions in order to achieve the goals. Research aim is to develop the methodological apparatus of estimating the innovativeness of a mining enterprise based on the development of human capital. Results. In the course of the research the need to switch to the innovation-based development has been justified, the special role in its realization is played by the effective use of the innovative potential. In its turn, human capital is the fundamental component of the innovative potential; human capital development conditions the enterprise’s assignment to an innovative type. Methodological apparatus of estimating the innovativeness has been worked out, which provides for the estimation of the innovative character of technical and process transformations, innovative product and innovative human capital. End appraisal ratio is an integral indicator formed based on four indices with the account of the weighting factors. It is recommended to establish the threshold values of the integral indicator which will make it possible to differentiate mining enterprises according to the level of innovative development. In order to estimate the human capital, the author’s recommendations published later should be referred to. Summary. The use of the methodological apparatus of estimating innovative mining enterprises will make it possible to increase the effectiveness of managing the process of switching to the innovation-based development. Control over the variation of innovativeness level makes it possible to take necessary remedial actions and achieve the desired condition.

scholarly journals Innovation Ecosystem of ASEAN Countries

2020 ◽  
Vol 9 (28) ◽  
pp. 356-364
Author(s):  
Jutamat Jintana ◽  
Alonggot Limcharoen ◽  
Yanin Patsopa ◽  
Sakgasem Ramingwong
Keyword(s):  
Human Capital ◽  
Research Infrastructure ◽  
Innovation Ecosystem ◽  
Global Competitiveness ◽  
Global Innovation ◽  
Asean Countries ◽  
Global Competitiveness Report

The paper investigates the innovation ecosystem alignment of ASEAN countries, based on the Global Competitiveness Report 2019 and Global Innovation Report 2019. Of interest are issues on institutions, human capital and research, infrastructure, market sophistication, and business sophistication. The results show the comparative strengths and weaknesses of each ASEAN economy. The information is suggestive to policymaker and private sectors if any measurement is required to close these gaps or to leverage their innovation ecosystem.

scholarly journals HIGHER EDUCATION CONTRIBUTION TO ESTABLISHING THE KNOWLEDGE ECONOMY ALGERIAN CASE 2011-2018 WITH REFERENCE TO ARAB COUNTRIES

2020 ◽  
pp. 21-31
Author(s):  
Messen Kerroumia
Keyword(s):  
Higher Education ◽  
Knowledge Economy ◽  
Tertiary Education ◽  
Arab Countries ◽  
University Rankings ◽  
Global Competitiveness ◽  
Global Innovation ◽  
Global Competitiveness Index ◽  
Competitiveness Index ◽  
Education Performance

Algeria initiated reforms in various fields, including higher education in order to facilitate the transition to knowledge economy. This study showed the reality of higher education in Algeria and investigated its role in the production of knowledge by assessing the number of patents, scientific researches, university rankings; and it compared the Algerian higher education performance through Global Innovation Index and global competitiveness index. Using the collected data, the study clarified the relationship between expenditure on higher education and the number of patents issued, the result showed a strong positive relationship, and on the other hand it tried to explain the regression between Algeria's ranking on the global innovation index and the sub-indicator tertiary education. This study concluded by proposing the most important possible solutions to upgrade the Algerian performance. KEY WORDS: higher education, knowledge economy, government expenditure, university rankings, Innovation, patents, scientific research, human capital, GII, global competitiveness index, Algeria, Arab countries.

Formacja prawnika wyzwaniem czasów

2017 ◽  
Vol 15 (2) ◽  
pp. 267-286
Author(s):  
Stanisław Leszek Stadniczeńko
Keyword(s):  
Higher Education ◽  
Human Capital ◽  
Young People ◽  
Personality Traits ◽  
Point Of View ◽  
Job Market ◽  
Social Lives ◽  
New Vision ◽  
Political Disputes

The author considers the questions relating to the formation of lawyers’ professional traits from the point of view of the significance which human capital and investment in this capital hold in contemporary times. It follows from the analyses, which were carried out, that the dire need for taking up actions with the aim to shape lawyers appears one of the most vital tasks. This requires taking into account visible trends in the changing job market. Another aspect results from the need for multilevel qualifications and conditions behind lawyers’ actions and their decisions. Thus, colleges of higher education which educate prospective lawyers, as well as lawyers’ corporations, are confronted by challenges of forming, in young people, features that are indispensable for them to be valuable lawyers and not only executors of simple activities. The author points to the fact that lawyers need shaping because, among others, during their whole social lives and realization of professional tasks their personality traits and potential related to communication will constantly manifest through accepting and following or rejecting and opposing values, principles, reflexions, empathy, sensitivity, the farthest-fetched imagination, objectivism, cooperation, dialogue, distancing themselves from political disputes, etc. Students of the art of law should be characterized by a changed mentality, new vision of law – service to man, and realization of standards of law, as well as perception of the importance of knowledge, skills, attitudes and competences.

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