nep-knm New Economics Papers
on Knowledge Management and Knowledge Economy
Issue of 2017‒05‒28
one paper chosen by
Laura Ştefănescu
Centrul European de Studii Manageriale în Administrarea Afacerilor

  1. The Preconditions for the Success of Organizations and Territories in the Knowledge Economy By Gaponenko, Alexander; Savelyeva, Marina

  1. By: Gaponenko, Alexander (Russian Presidential Academy of National Economy and Public Administration (RANEPA)); Savelyeva, Marina (Russian Presidential Academy of National Economy and Public Administration (RANEPA))
    Abstract: Changes that have recently taken place in the environment and contributed to the emergence of knowledge economy make it necessary to revise the basic assumptions of management of organizations and territories. Conditions that used to be successful (for example, large-scale production, the performance of all functions within the organization, the availability of significant reserves of natural resources or production capacity of the territories) do not guarantee the desired results today. In the knowledge economy, different qualities of companies, regions and cities come first, namely, adaptability, innovative receptivity, organization of a continuous learning process, knowledge sharing, etc. This is promoted by active globalization, expansion of the sphere of services and knowledge, strengthening of the role of intellectual capital in achieving success by organizations and territories. This paper reveals the essence and main characteristics of a knowledge-based economy, the role of intellectual capital in the development of the knowledge economy, the development of management in the context of the knowledge economy; key factors of competitiveness of commercial organizations, the impact of the knowledge economy on the development of organizations, regions, cities, including megacities; directions for creating the preconditions for the success of organizations and territories in the knowledge economy.
    Date: 2017–04

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