0000000000708749
AUTHOR
Cornescu Viorel
showing 2 related works from this author
BETWEEN SUBJECTIVE AND OBJECTIVE IN MAKING DECISIONS ON THE ROMANIAN HIGHER EDUCATION MARKET
2012
Having roots in intentional behaviours, adverse selection as part of information asymmetry is a widely - discussed concept, closely related to many sides of economics and generating the most various problems in practice. As the specific literature says, the adverse selection leads, or at least in theory should lead to market failure when no external force comes to balance its effects. Since this failure never occurs in fact, it is questionable whether the adverse selection is the only factor that influences an uniformed consumer decision, or other factors come to counterbalance the factors described by Akerloff. This paper intends to advocate the idea that as much as adverse selection, ther…
CREATIVITY, INNOVATION AND CHANGE IN KNOWLEDGE-BASED ORGANIZATION
2012
The innovative - creative potential of an organization is determined by the creative capacity of its members, by its managerial team competency and by certain mechanisms to sustain implementation of new ideas, as well as their transformation in competitive products and services. From the premise that knowledge-based modern organization is permanently connected to changes of business environment, the paper aims to underline the essential role of creativity and innovation in projecting and implementing organizational change programmes. Also, the paper presents possible directions of action recommended to nowadays organizations for the transition to knowledge-based organization stage.