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on Knowledge Management and Knowledge Economy |
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Issue of 2010‒05‒08
three papers chosen by Laura Stefanescu European Research Centre of Managerial Studies in Business Administration |
| By: | Rao Indu |
| Abstract: | Sustainability is an issue of escalating importance as a result of structural changes of organizations which are consolidating, downsizing, merging and outsourcing as well as due to the increasing complexity and unpredictability of the external environment. Understanding, assessing and managing organizational culture can help create both stability and adaptability for organizations, thus helping supportive integration of the sustainability strategy into appropriate organizational behavior. This paper draws from review of literature on the concepts of sustainability and organizational culture in the present context of economic turmoil. The findings suggest that organizational culture moderated by leadership and trust play an important role in sustainability of organizations. A model is thereby proposed depicting the role of organizational culture, leadership and trust towards sustainability of a firm. It is also suggested that organizations can be visualized as manifestations of cultures and future organizations need to integrate sustainability with their organizational culture in order to be prepared for the uncertain socio-economic times |
| Date: | 2009–10–28 |
| URL: | http://d.repec.org/n?u=RePEc:iim:iimawp:wp2009-10-03&r=knm |
| By: | Hirshleifer, David; Low, Angie; Teoh, Siew Hong |
| Abstract: | Using options- and press-based proxies for CEO overconfidence (Malmendier and Tate 2005a, 2005b, 2008), we find that over the 1993-2003 period, firms with overconfident CEOs have greater return volatility, invest more in innovation, obtain more patents and patent citations, and achieve greater innovative success for given research and development (R&D) expenditure. Overconfident managers only achieve greater innovation than non-overconfident managers in innovative industries. Overconfidence is not associated with lower sales, ROA, or Q. |
| Keywords: | CEO Overconfidence; Innovation; R&D; Patent |
| JEL: | M52 G30 M40 |
| Date: | 2010–04–29 |
| URL: | http://d.repec.org/n?u=RePEc:pra:mprapa:22425&r=knm |
| By: | Kornai, János |
| Abstract: | Literature on post-socialist transformation usually deals with the political, economic and social sides of it, although there have also been important changes in the field of technical advance in the last 20 years. One of capitalism’s main virtues is the strong incentive it gives to dynamism, enterprise and the innovation process. Every revolutionary new product (for civilian use) has been brought about by the capitalist system. The socialist system was capable, at most, of developing new military products. The article analyzes how far the radical difference can be explained by the innate tendencies and basic attributes of the two systems. Our daily lives have been transformed by these new products (for instance, the sphere of information and communications by the computer, the mobile phone and the internet). While many people see all these as favorable changes, fewer discern the causal relation between the capitalist system and rapid technical progress. Yet the usual syllabus of microeconomics does not enlighten students on this important virtue of capitalism, which is not adequately emphasized in the statements of leading politicians either. |
| Keywords: | systems, capitalist system, socialist system, innovation, technical progress, Schumpeterian entrepreneurship |
| Date: | 2010 |
| URL: | http://d.repec.org/n?u=RePEc:unu:wpaper:wp2010-33&r=knm |