scholarly journals INNOVATIVE SME IN SERBIA

2019 ◽  
Vol 26 (6) ◽  
pp. 1557-1562
Author(s):  
Gabrijela Lilić ◽  
Dragana Jovanović Kuprešanin
Keyword(s):  
Driving Force ◽  
Central Place ◽  
Knowledge Based ◽  
Knowledge Based Economy ◽  
New Knowledge ◽  
Key Factor ◽  
Flexible Part ◽  
The Creation ◽  
Further Development ◽  
Competitive Economy

Turbulent environment, crisis, globalization, rapid technical and technological progress, constant changes require new creative ideas from SME, new knowledge and constant innovation. SME should learn to live with constant changes. Knowledge is the driving force of any innovative venture.Isak Adizes points out: "On one occasion, I asked Ferdinand Porsche (the son of a founder of a car company) if he had two choices ahead of you: to lose all your people or to lose all your machines from which to give up before? He answered the machine! Why? What is easier to replace machines or people? Well machines of course. People have become the most valuable assets of SME because they have knowledge .. The recovery, development and competitiveness of SME depends on the ability and speed of using new knowledge and technologies (innovation capabilities). According to the European Commission, the creation, use and commercialization of new knowledge and technologies are essential for achieving competitiveness. The knowledge base encourages the development of innovations. Innovations as the most important source of change occupy a central place in the knowledge economy. Innovative SME are those who have implemented a one innovation. According to the OECD, a knowledge-based economy is an economy based on the creation, use and dissemination of knowledge and information. The innovative SME are the driving force for knowledge-based economy, they are the most efficient, most dynamic and flexible part of the economy and contribute to increasing the overall competitiveness of the Serbian economy. The paper presents the concept of innovative SME, development conditions and limitations. The importance that innovative SME have for the development of the SME sector in Serbia, as well as the creation of a competitive economy. The importance of the knowledge and innovation relation in innovative SME is also shown, as a key factor in the change and development of the economy as a whole.We given guidelines for improvement and further development of innovative SME in Serbia.

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.

Higher Education Institutions as Viable Systems

2020 ◽  
pp. 1-25
Author(s):  
Dejana Zlatanović ◽  
Verica Babić ◽  
Jelena Nikolić
Keyword(s):  
Higher Education ◽  
Conceptual Framework ◽  
Higher Education Institutions ◽  
Education Institution ◽  
Viable Systems ◽  
Knowledge Based ◽  
Knowledge Based Economy ◽  
Key Factor ◽  
Viable System ◽  
Sustainable Economic Growth

In a knowledge-based economy, higher education institutions (HEIs) are a key factor in fostering innovation and play a central role in sustainable economic growth and development. Growing complexity of HEIs and their environments requires systemic, i.e. cybernetic approach to innovation. The chapter highlights the importance of introducing a cybernetic framework for innovativeness of higher education institutions by their examination in conceptual framework of organizational cybernetics (OC). The purpose is to demonstrate how viable system model (VSM) as a key methodological tool of OC can help understanding the viability and innovativeness of HEIs. In addition, higher education institutions are investigated in a conceptual framework of VSM through the case of the public higher education institution (HEI) in Serbia. The main contribution of the chapter is related to practical implications of presented framework including the strengths and weaknesses of a VSM application.

scholarly journals Knowledge Economy Indicators and Their Impact on the Sustainable Competitiveness of the EU Countries

2020 ◽  
Vol 12 (10) ◽  
pp. 4172 ◽  
Author(s):  
Elena Širá ◽  
Roman Vavrek ◽  
Ivana Kravčáková Vozárová ◽  
Rastislav Kotulič
Keyword(s):  
Knowledge Economy ◽  
Main Idea ◽  
Topsis Method ◽  
Eu Countries ◽  
Knowledge Based ◽  
Multi Criteria Evaluation ◽  
Knowledge Based Economy ◽  
Key Factor ◽  
Knowledge Economies ◽  
The Eu

In today’s turbulent world influenced by globalization, knowledge is becoming a key factor in the market. Every economy, if it wants to be successful and competitive, must pay more attention to knowledge and its creation, transfer, and preservation. In this respect, it is a key element in ensuring a country’s sustainable position in a competitive environment. Based on this, we set out the main idea of the article as follows: increased emphasis on the factors of a knowledge-based economy affects the growth of the country’s competitiveness, which contributes to its better sustainability. To verify the idea, we used a multi-criteria evaluation of countries by the TOPSIS method and a subsequent regression model. We examined developments in the EU countries over a period of 11 years in selected indicators typical for the knowledge economies, in the area of competitiveness. Finally, we examined the sustainability of EU countries. Based on the findings of these methods, we identified the leading country—Sweden—in the field of knowledge economy, competitiveness, and sustainability.

The Contribution of University Business Incubators to New Knowledge-Based Ventures

2001 ◽  
Vol 15 (4) ◽  
pp. 239-250 ◽  
Author(s):  
Rosa Grimaldi ◽  
Alessandro Grandi
Keyword(s):  
Case Studies ◽  
Empirical Analysis ◽  
Technological Knowledge ◽  
Business Incubators ◽  
Knowledge Based ◽  
New Knowledge ◽  
The Creation ◽  
The Empirical Analysis

This paper examines the role of university business incubators (UBIs) in supporting the creation of new knowledge-based ventures. UBIs are described as effective mechanisms for overcoming weaknesses of the more traditional public incubating institutions. They offer firms a range of university-related benefits, such as access to laboratories and equipment, to scientific and technological knowledge and to networks of key contacts, and the reputation that accrues from affiliation with a university. The empirical analysis is based on the Turin Polytechnic Incubator (TPI) and on case studies of six academic spin-offs hosted at TPI. While TPI does not effectively resolve such problems as inadequate access to funding capital and the lack of management and financial skills in its tenant companies, the networking capacity of incubating programmes is seen as a key characteristic that may help new knowledge-based ventures to overcome such difficulties.

VARIOUS ASPECTS OF INTELLIGENT COLLABORATIVE EDUCATIONAL SYSTEMS

2017 ◽  
Vol 2 ◽  
pp. 67
Author(s):  
Sabina Katalnikova ◽  
Leonids Novickis
Keyword(s):  
Intelligent Systems ◽  
Intelligent System ◽  
System Development ◽  
Effective Means ◽  
Educational Systems ◽  
Knowledge Based ◽  
Knowledge Based Economy ◽  
Wide Range ◽  
Key Factor ◽  
System Knowledge

In connection with the transition to a knowledge-based economy, at a time when a key factor in the development of society is the accumulated human knowledge and skills, as well as the availability of a wide range of users, intelligent systems are becoming very popular. Accordingly, the demand of the ergonomic and effective means of designing this class system is growing as well. The most time-consuming and most important stage of intelligent system development is the formation of the system knowledge base which ultimately determines the efficiency and quality of the entire intelligent system. Knowledge representation and processing models and methods as well as the intelligent system development techniques operating on the basis of these methods and models have a crucial role in relation to this. The article explores the different aspects of intelligent collaborative educational systems, describes the overall structure of an intelligent collaborative educational system and reflects the different steps of development the system.

scholarly journals INTELLECTUAL CAPITAL AS STRATEGIC PERFORMANCE OF THE ORGANIZATION

2018 ◽  
Vol 28 (5) ◽  
pp. 1545-1551
Author(s):  
Svetlana Trajković
Keyword(s):  
Competitive Advantage ◽  
Intellectual Capital ◽  
Positive Relationship ◽  
Business Environment ◽  
Modern World ◽  
Knowledge Based ◽  
Knowledge Based Economy ◽  
Long Run ◽  
New Knowledge ◽  
The World

The ability to manage knowledge becomes an increasingly important strategic activity in today's so-called. knowledge economy. To prioritize the preservation and improvement of intellectual capital, creating and disseminating knowledge within a modern organization, is becoming an increasingly decisive factor in achieving and maintaining its competitive advantage. The only viable advantage of a modern organization comes from what the company knows and how effectively is used what it knows and how quickly it acquires and uses new knowledge. There is a positive relationship between the intellectual capital and the performance of an organization. Intellectual capital is in correlation with the organization's future performance, and the growth rate of intellectual capital is in a positive relationship with the organization's performance, while the contribution of intellectual capital to improving the organization's performance varies, and is the result of strategic management of the organization itself. In this context, only the learning organization, which is constantly looking for new, innovated and / or enhanced knowledge in the field of activity, has the conditions, chances and opportunities to move forward in the real world. In the modern world, the world of a knowledge-based economy, a competitive advantage that is sustainable on the narrow paths, can only be achieved if the organization takes a lasting commitment to learn, invest in people and their intellectual potential, to support the need of people to continuously explore, learn and accept new, more complete and applicable knowledge. Regarding this, investing in the intellectual capital in the short term may be a significant cost to the organization, but in the long run, any investment in the development of intellectual capital - new knowledge - both scientific, general theoretical, and practically applicable will have a multiplier positive effect on the future business of the organization. The experience of organizations from the world of work has unambiguously confirmed this. Namely, companies that base their business on exactly human cognitive and scientific potentials have the advantage, that is, the world's leading companies are in terms of profit. First of all, these are companies in the field of low-tech technologies, and they are not quite necessary because they are notorious. But, from the experience of such organizations, they can and / or have to learn all the organizations they intend to succeed in a modern, very turbulent business environment. This is especially important for those organizations that intend to be leaders in an area or branch of business. Today, leadership is not realized solely on the basis of the number of pieces produced by a product or on the basis of the number of transactions with the environment, on the contrary, the leader is the organization of work that is imposed as an organization where the intellectual, and parallel with it, also the human capital prevails. Because, it is known, also in practice, that only when people feel in a certain organization friendly, only then do they give their maximum contribution. Only in conditions of complete freedom, some seemingly lucid ideas become "full of hits" in realizing and meeting the needs of the market and people who market it.

scholarly journals Management of enterprise development in the conditions of innovative knowledge-oriented economy

2018 ◽  
Keyword(s):  
Knowledge Management ◽  
Knowledge Economy ◽  
Innovative Activity ◽  
Innovative Development ◽  
Enterprise Development ◽  
Knowledge Based ◽  
Knowledge Based Economy ◽  
New Knowledge ◽  
Innovative Economy ◽  
Qualitative Changes

The article determines a significant importance of knowledge management as a key technology for the development of an enterprise in an innovative knowledge-based economy. The main features of the enterprise development as an open dynamic system are systematized and characteristics of the knowledge economy and innovative economy are determined. Following the above characteristics it is proved that the formation of an innovative economy is impossible without new knowledge and its commercialization, and the basis of the knowledge economy are innovations in various fields of activity. The given types of economies should be further considered not as separate concepts, but as integral components of the innovative knowledge-based economy. The theoretical approaches to the definition of the essence of knowledge management at the enterprise are systematized and their interrelation with the innovation process and innovative development is shown through the creation of new knowledge, increasing the efficiency of innovation development and the formation of innovative abilities of the innovatively active employees. The goals, tasks, functions, principles, stages, methods and methods of knowledge management in innovative knowledge-based economy are considered. The typology of contradictions in the innovative activity of the enterprise is given; the essence of economic, information, technological, organizational, psychological, structural and social contradictions is revealed. Technologies of knowledge management that contribute to eliminating contradictions and innovative development of the enterprise are defined. It is substantiated that different types of contradictions in the innovative activity of an enterprise can be eliminated by means of knowledge management technologies, which, as a result, causes qualitative changes at the enterprise. As the key signs of development are qualitative changes and elimination of contradictions, the use of knowledge management in the conditions of an innovative knowledge-based economy will contribute to the development of the enterprise.

scholarly journals Wpływ inwestycji zagranicznych na kształtowanie luki technologicznej w polskich przedsiębiorstwach w branży konstrukcji spawanych w procesie integracji europejskiej

2010 ◽  
Vol 6 ◽  
pp. 78-91
Author(s):  
Danuta Janczewska
Keyword(s):  
Technology Management ◽  
Integration Process ◽  
Technological Systems ◽  
Lisbon Strategy ◽  
Knowledge And Skills ◽  
Foreign Companies ◽  
Knowledge Based ◽  
Technological Gap ◽  
Knowledge Based Economy ◽  
The Creation

The Lisbon Strategy, and building of the KBE (Knowledge Based Economy) – make faster the changes of technological systems, social and economy – on level of countries, or regions and companies. The especially accents there are into innovations, the knowledge values and co–operations, into R&D connected with economy. The main goal is to modernize technology, management and organization, environment and other areas of activity of enterprises. After year 2004 – during the integration process with EU there are the advantageous terms of approach to knowledge, technology and wide understanding innovations – by participation in EU Programs and higher level of FDI. The research of Polish steel branch show that foreign companies are more interested in innovations and going to stable lifting the knowledge and skills than polish companies. This phenomenon causes the creation of technological gap between enterprises in the same branch, and also between the different countries – for example nations belonged to „old EU” and new one countries.

scholarly journals The Service Sector of a Knowledge-based Economy – a Comparative Study

2013 ◽  
Vol 4 (1) ◽  
pp. 53-64 ◽  
Author(s):  
Grażyna Węgrzyn
Keyword(s):  
Competitive Advantage ◽  
Service Sector ◽  
Service Industries ◽  
Study Objective ◽  
Knowledge Based ◽  
Stage Of Development ◽  
Knowledge Based Economy ◽  
Key Factor ◽  
European Economies ◽  
The Eu

The study objective was identification of the service industries that determine the rate and lines of development of a knowledge-based economy. The analysis covered the EU member countries and the years of 2008-2012. This report consists of four sections. The first one provides the characteristics of a knowledgebased economy and describes the role of services sector in progressing towards this stage of development. The second section offers a classification of services that led to establishing the category of knowledge-based services. The industries classified as knowledge-based services contribute directly to the creation, processing and distribution of knowledge throughout an economy. The following part presents a division of the EU member economies into four groups, depending on their advancement towards the knowledge-based economy as defined by two indices: the Knowledge Economy Index (KEI) and the Knowledge Index (KI). The study concluded on empirical verification of the significance of knowledge-based services within individual European economies. In a knowledge-based economy, where knowledge is the key factor in gaining a competitive advantage, it is just the services related to knowledge acquisition, distribution and creation that drive the economic growth. The development level of service activities classified as knowledge-based services largely determines the economy’s performance in knowledge creation, distribution and use. This is so because these activities directly contribute to the economy’s competitive advantage based on knowledge.

scholarly journals Modern Approach To Organizational Resources Based On The Example Of The Elbląg Furniture Cluster

Equilibrium ◽  
2012 ◽  
Vol 7 (1) ◽  
pp. 61-70
Author(s):  
Rafał Kućmański
Keyword(s):  
The European Union ◽  
Lisbon Strategy ◽  
Regional Innovation ◽  
Modern Approach ◽  
Knowledge Based ◽  
Knowledge Based Economy ◽  
The World ◽  
New Type ◽  
Sustainable Economic Growth ◽  
Competitive Economy

The Lisbon Strategy, which is implementing a new type of economic policy, is intended to change the economy of the European Union into a knowledge-based economy which will be the most competitive economy in the world. This should lead to sustainable economic growth by, among other things, providing a bigger number of better jobs and greater social cohesion. The issues of the development of competitiveness and innovativeness in European regions, which have their roots in the Lisbon Strategy and have transformed into the Regional Innovation Strategies, have become increasingly popular and significant. One of the tools facilitating this development is undoubtedly the cluster. The purpose of the present article is to outline new approaches to the world economy. It also presents an innovative dimension of co-operation as well as various forms of organizing contemporary entrepreneurship.

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