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Academic research – a catalyst for the innovation process within companies in Romania

Author

Listed:
  • Rodica Pamfilie

    (Bucharest University of Economic Studies)

  • Smaranda Giusca

    (Bucharest University of Economic Studies)

  • Robert Bumbac

    (Bucharest University of Economic Studies)

Abstract

Current economic developments make the use of scientific resources, especially academic research, to be no longer just an option for companies wanting to remain competitive, but a necessity. This statement is based on the research conducted by the authors during the last three years on the companies` performance in Romania regarding the results of the innovation process and capitalization on scientific resources in order to improve this vital process. To achieve this, a mechanism should be created, through which key players in the market - companies, universities, research institutes and government - could work together towards the common goal of economic growth. This mechanism would help companies move beyond incremental innovation by using knowledge generated by universities or research institutes.

Suggested Citation

  • Rodica Pamfilie & Smaranda Giusca & Robert Bumbac, 2014. "Academic research – a catalyst for the innovation process within companies in Romania," The AMFITEATRU ECONOMIC journal, Academy of Economic Studies - Bucharest, Romania, vol. 16(37), pages 759-759, August.
    • Handle: RePEc:aes:amfeco:v:37:y:2014:i:16:p:759
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    References listed on IDEAS

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    Cited by:

    1. Lubica Knošková, 2015. "Innovation Processes and Entrepreneurial Culture for Radical Innovations," The AMFITEATRU ECONOMIC journal, Academy of Economic Studies - Bucharest, Romania, vol. 17(38), pages 342-342, February.
    2. Roxana Voicu – Dorobanțu, 2015. "Resilience or Flexibility– A Theoretical Approach on Romanian Development Regions," Romanian Economic Journal, Department of International Business and Economics from the Academy of Economic Studies Bucharest, vol. 18(57), pages 115-132, September.
    3. Vladimir-Aurelian ENACHESCU & Vlad ROªCA, 2014. "Educational Counseling Approach for the Romanian Educational System," REVISTA DE MANAGEMENT COMPARAT INTERNATIONAL/REVIEW OF INTERNATIONAL COMPARATIVE MANAGEMENT, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 15(3), pages 321-333, July.
    4. Iosif Alina-Elena, 2015. "Do The Regions Of Romania Have Potential For Service Innovation? The Case Of The Region Of Bucharest-Ilfov," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 3, pages 176-182, June.

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    More about this item

    Keywords

    academic research; innovation; research and development; companies;
    All these keywords.

    JEL classification:

    • I23 - Health, Education, and Welfare - - Education - - - Higher Education; Research Institutions
    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D
    • M10 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - General

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