Search results for "jel:D83"
showing 7 items of 7 documents
THE ROLE OF GOVERNMENT IN ROMANIA’S PARTICIPATION IN DIGITAL ECONOMY
2012
To participate in the digital economy, for a nation, it is imperative the need to adopt ICT, but not only at companies and individuals levels but also on the entire society. The national ICT adoption is significant especially in sustainable economic development of Romania. The degree to which Romania join the digital economy is influenced by measures and policies adopted by the government. The Government should facilitate, motivate and support the adoption of ICT at all three levels: individual, entrepreneurial and governmental. A nation cannot benefit from participation in digital economy when the government vision on the use of modern technology is not sufficiently developed. If Romania w…
Knowledge management – a source of sustainable competitiveness in the knowledge based economy
2006
Confirming the well known thesis knowledge is power, A. Toffler argued that the knowledge based society represents the acme of the human society development and P. Drucker said that the developed countries passing through the knowledge based society represents the biggest change of the modern world. That made possible and helped the emerging of the managerial revolution (defined as knowledge applied to knowledge itself) at the firm’s level. Under these circumstances, knowledge has to be seen as a strategic resource – source of competitive advantages and of managerial performances as well. Considering this, a firm’s management have to define a coherent behavioral model in order to seriously …
Competence Utilization for Innovation Capabilities - A Question of Trust?
2015
The purpose of this paper is to show how trust as an organizational value contributes to employee competence utilization in the case of innovation capability. Thus, it is the objective of this paper to analyze the positive impacts, but also potential limits of trust in business management. The research paper uses two different quantitative empirical studies drawn from German and Austrian mid-sized companies to empirically test this interrelation. As a result, the paper determines particular aspects of trust such as accountability, shared norms and the ability to take responsibility to be interrelated with the usage of employee competences and underlines a positive connection between product…
How Do Judgmental Overconfidence and Overoptimism Shape Innovative Activity?
2021
Recent field evidence suggests a positive link between overconfidence and innovative activities. In this paper we argue that the connection between overconfidence and innovation is more complex than the previous literature suggests. In particular, we show theoretically and experimentally that different forms of overconfidence may have opposing effects on innovative activity. While overoptimism is positively associated with innovation, judgmental overconfidence is negatively linked to innovation. Our results indicate that future research is well advised to take into account that the relationship between innovation and overconfidence may crucially depend on what type of overconfidence is most…
Competing Against Simulated Equilibrium Price Dispersions: An Experiment on Internet-Assisted Search Markets
2005
In a four-treatment experiment, we test some of the hypotheses in García-Gallego et al. (2004) concerning competition among a number of firms of which some (or all) are indexed by a price-comparison engine facilitating buyers’ search process. In this paper, we isolate individual behavior from noise due to other players’ actions and learning, facing each subject with simulated rivals whose prices are extracted from mixed strategy equilibrium distributions. We find systematic deviations from both theoretical distributions and previous data obtained in sessions where all players were human. Specifically, departures of experimental data from the corresponding theoretical predictions are enhance…
KNOWLEDGE WORKERS â€" THE MODERN WORKERS PROTOTYPE IN PRESENT AND FUTURE ORGANIZATION
2013
Abstract. The paper aim is to interpret and define the concept of the „knowledge worker†with reference to the context of post-industrial transformation (new economy, information/ knowledge). In the new economy a certain category of specialists, called knowledge-based specialists is emerging. The usual employee works with his hands and produce goods or services. Instead a knowledge worker works with its head instead its hands and produces ideas, knowledge and information. Terms like knowledge work, knowledge workers, and knowledge intensive firms point to emerging social structures and processes in organisations. This focus allows us to analyse organisations in ways that differ from the …
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.