IDEAS home Printed from https://ideas.repec.org/a/aes/amfeco/v14y2012i32p380-392.html
   My bibliography  Save this article

Knowledge-based Economy, an Appropriate Response to Organizational Change Pressures, with a View to Sustainable Development

Author

Listed:
  • Cristina Mihaela Lazar

    (OVIDIUS University of Constanţa, Constanţa, Romania)

  • Ramona Nicoleta Bunda

    (OVIDIUS University of Constanţa, Constanţa, Romania)

Abstract

The sustainable development of organizations within knowledge-based economy, in which knowledge represents the main priority, should focus on finding solutions for the intelligent management of the limited resources, especially through organizational change and its constant assessment as a long-term impact solution. The transition of organizations to the principles of knowledge-based economy involves a major change in organizational culture. The dynamism and complexity of the new type of society, which implies a higher and more diverse level of training, together with a continuous superior training of the workforce, increasing investment in research and development and, not least, a growing volume and a diversification of information, all these represent, chained together, an element of well-being for the future generations. The introductory section summarizes the concept of sustainability and places the development of companies and economies they aggregate, in a contemporary context of organizational change pressures, on the principles of the knowledge-based economy as the only resource, virtually inexhaustible in the long-term, and which leads to a sustainable development. There follows a methodological section, consisting in the instrumental description of the method of work and in reference to the database, thus providing the theoretical and practical foundation for the confrontation between the sustainable development index (SDI) in Romania and in the European Union (EU). The results and discussion section of the paper includes a confrontation between the sustainable development of Romania and that of the European Union, drawing on the SDI for each case. This statistical tool was calculated starting from the values of several statistical indicators (available in EUROSTAT statistics), issued from four information subsystems (an economic one, a social one and an environment one as major subsystems of sustainable development, to which was added the institutional environment). The SDI confirms a considerable gap between Romania and the EU-27 average, and the organizational change on the principles of knowledge-based economy is emerging as the optimal solution and gradual recovery of these gaps.

Suggested Citation

  • Cristina Mihaela Lazar & Ramona Nicoleta Bunda, 2012. "Knowledge-based Economy, an Appropriate Response to Organizational Change Pressures, with a View to Sustainable Development," The AMFITEATRU ECONOMIC journal, Academy of Economic Studies - Bucharest, Romania, vol. 14(32), pages 380-392, June.
    • Handle: RePEc:aes:amfeco:v:14:y:2012:i:32:p:380-392
    as

    Download full text from publisher

    File URL: http://www.amfiteatrueconomic.ro/temp/Article_1131.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. World Commission on Environment and Development,, 1987. "Our Common Future," OUP Catalogue, Oxford University Press, number 9780192820808.
    2. Uppenberg, Kristian, 2009. "Innovation and economic growth," EIB Papers 1/2009, European Investment Bank, Economics Department.
    3. Max-Neef, Manfred, 1995. "Economic growth and quality of life: a threshold hypothesis," Ecological Economics, Elsevier, vol. 15(2), pages 115-118, November.
    4. Gheorghe Zaman & Steliana Sandu & Irina Anghel, 2009. "Intergenerational Partnership in Research and Development Activity," The AMFITEATRU ECONOMIC journal, Academy of Economic Studies - Bucharest, Romania, vol. 11(26), pages 606-615, June.
    5. Thomas Dyllick & Kai Hockerts, 2002. "Beyond the business case for corporate sustainability," Business Strategy and the Environment, Wiley Blackwell, vol. 11(2), pages 130-141, March.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. ARTENE, Alin, 2018. "Dobrogea School of Economics," SocArXiv hwn8a, Center for Open Science.
    2. Cecile Gerwel Proches & Shamim Bodhanya & Stan Hardman, 2012. "The Challenges of Service Provision and Economic Development in South Africa," The AMFITEATRU ECONOMIC journal, Academy of Economic Studies - Bucharest, Romania, vol. 14(Special N), pages 580-599, November.
    3. Petruta Blaga & Manuela Rozalia Gabor, 2014. "Investigating the Impact uf E-Learning as an Alternative for Business Education in Pharmaceutical Industry in Romania by Roi Methodology," The AMFITEATRU ECONOMIC journal, Academy of Economic Studies - Bucharest, Romania, vol. 16(37), pages 902-902, August.
    4. Vasile Cosmin Nicula, 2017. "Consulting provided by the internal public audit function," The Audit Financiar journal, Chamber of Financial Auditors of Romania, vol. 15(148), pages 677-677.
    5. ARTENE, Alin, 2018. "Dobrogea School of Economics," LawArXiv jb3um, Center for Open Science.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Pero, Margherita & Bottani, Eleonora & Bigliardi, Barbara, 2014. "Exploring Sustainability in Construction Supply Chains," Chapters from the Proceedings of the Hamburg International Conference of Logistics (HICL), in: Kersten, Wolfgang & Blecker, Thorsten & Ringle, Christian M. (ed.), Next Generation Supply Chains: Trends and Opportunities. Proceedings of the Hamburg International Conference of Logistics (HICL), Vol. 18, volume 18, pages 161-182, Hamburg University of Technology (TUHH), Institute of Business Logistics and General Management.
    2. Nguyen Hoang Tien & Dinh Ba Hung Anh & Nguyen Minh Ngoc, 2020. "Corporate financial performance due to sustainable development in Vietnam," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 27(2), pages 694-705, March.
    3. Pishchulov, Grigory & Trautrims, Alexander & Chesney, Thomas & Gold, Stefan & Schwab, Leila, 2019. "The Voting Analytic Hierarchy Process revisited: A revised method with application to sustainable supplier selection," International Journal of Production Economics, Elsevier, vol. 211(C), pages 166-179.
    4. Tobias Hahn & Jonatan Pinkse & Lutz Preuss & Frank Figge, 2015. "Tensions in Corporate Sustainability: Towards an Integrative Framework," Journal of Business Ethics, Springer, vol. 127(2), pages 297-316, March.
    5. Francesco Di Maddaloni & Roya Derakhshan, 2019. "A Leap from Negative to Positive Bond. A Step towards Project Sustainability," Administrative Sciences, MDPI, vol. 9(2), pages 1-19, June.
    6. Hsueh, Che-Fu, 2014. "Improving corporate social responsibility in a supply chain through a new revenue sharing contract," International Journal of Production Economics, Elsevier, vol. 151(C), pages 214-222.
    7. Broekhuis, Manda & Vos, Janita F.J., 2003. "Improving organizational sustainability using a quality perspective," Research Report 03A43, University of Groningen, Research Institute SOM (Systems, Organisations and Management).
    8. Peter JONES & Daphne COMFORT & David HILLIER, 2014. "Water Stewardship and Corporate Sustainability," Economia. Seria Management, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 17(2), pages 358-372, December.
    9. Yannis Politis & Evangelos Grigoroudis, 2022. "Incorporating the Sustainability Concept in the Major Business Excellence Models," Sustainability, MDPI, vol. 14(13), pages 1-20, July.
    10. Viju Raghupathi & Jie Ren & Wullianallur Raghupathi, 2020. "Identifying Corporate Sustainability Issues by Analyzing Shareholder Resolutions: A Machine-Learning Text Analytics Approach," Sustainability, MDPI, vol. 12(11), pages 1-24, June.
    11. Nadine Székely & Jan vom Brocke, 2017. "What can we learn from corporate sustainability reporting? Deriving propositions for research and practice from over 9,500 corporate sustainability reports published between 1999 and 2015 using topic ," PLOS ONE, Public Library of Science, vol. 12(4), pages 1-27, April.
    12. Niko Schäpke & Ines Omann & Julia M. Wittmayer & Frank Van Steenbergen & Mirijam Mock, 2017. "Linking Transitions to Sustainability: A Study of the Societal Effects of Transition Management," Sustainability, MDPI, vol. 9(5), pages 1-36, May.
    13. Burcu Demirel & Ibrahim Erol, 2016. "Corporate Sustainability Reporting in the BIST Sustainability Index," International Journal of Business and Social Research, LAR Center Press, vol. 6(10), pages 21-31, October.
    14. Jacob D Rendtorff, 2019. "Sustainable Development Goals and progressive business models for economic transformation," Local Economy, London South Bank University, vol. 34(6), pages 510-524, September.
    15. Chen, Xu & Wang, Xiaojun & Chan, Hing Kai, 2017. "Manufacturer and retailer coordination for environmental and economic competitiveness: A power perspective," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 97(C), pages 268-281.
    16. Katarzyna Piwowar‐Sulej, 2021. "Core functions of Sustainable Human Resource Management. A hybrid literature review with the use of H‐Classics methodology," Sustainable Development, John Wiley & Sons, Ltd., vol. 29(4), pages 671-693, July.
    17. Benedict Sheehy & Federica Farneti, 2021. "Corporate Social Responsibility, Sustainability, Sustainable Development and Corporate Sustainability: What Is the Difference, and Does It Matter?," Sustainability, MDPI, vol. 13(11), pages 1-17, May.
    18. Ozgur Isil & Michael T. Hernke, 2017. "The Triple Bottom Line: A Critical Review from a Transdisciplinary Perspective," Business Strategy and the Environment, Wiley Blackwell, vol. 26(8), pages 1235-1251, December.
    19. Jochen Schmid & Marieta Olaru & Ana-Maria Verje, 2017. "The Effect of Sustainable Investments to the Economic Objectives of the Company in Relation to the Total Quality Management," The AMFITEATRU ECONOMIC journal, Academy of Economic Studies - Bucharest, Romania, vol. 19(S11), pages 939-939.

    More about this item

    Keywords

    sustainable development; organizational change; knowledge-based economy; sustainability; sustainable development index (SDI); Board Sustainability Index support (BSI);
    All these keywords.

    JEL classification:

    • D83 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Search; Learning; Information and Knowledge; Communication; Belief; Unawareness
    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • Q01 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General - - - Sustainable Development

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:aes:amfeco:v:14:y:2012:i:32:p:380-392. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Valentin Dumitru (email available below). General contact details of provider: https://edirc.repec.org/data/aseeero.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.