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Knowledge Management Supremacy in Economic and Managerial Life

Author

Listed:
  • Alin Ioan CRETU

    (The Bucharest University of Economic Studies, Romania)

  • Laurentiu TESCAN

    (The Bucharest University of Economic Studies, Romania)

  • Laurentiu COROBAN

    (Western University of Timisoara, Romania)

Abstract

Undoubtedly, it is easy to spot that in contemporary society the emphasis on private knowledge became more significant. This type of knowledge has a greater impact on the competitive advantage of a firm than classic factors of production (labor, capital, land). The value of individual or company-level knowledge comes primarily from the fact that it is an intangible asset, and it would be correct to note here that it does not depreciate, but on the contrary, self-generates value continuously. Thus, in the context of rapid globalization and the exponential growth of the IT and communication technologies, the idea of a knowledge-based economy emerged. Opening up the ways to make the knowledge-based economy become reality should currently be on the agenda of every state that wishes to stay competitive in the modern world.

Suggested Citation

  • Alin Ioan CRETU & Laurentiu TESCAN & Laurentiu COROBAN, 2019. "Knowledge Management Supremacy in Economic and Managerial Life," Economics and Applied Informatics, "Dunarea de Jos" University of Galati, Faculty of Economics and Business Administration, issue 2, pages 75-79.
    • Handle: RePEc:ddj:fseeai:y:2019:i:2:p:75-79
    DOI: https://doi.org/10.35219/eai1584040934
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    References listed on IDEAS

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    1. Alina Ştefania CHENIC (CREŢU), 2012. "An Analysis of Current Labor Market Developments and Structures in European Union – in Correlation with Labor Market Flexicurity Requirements," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania / Editura Economica, vol. 0(3(568)), pages 91-108, March.
    2. Mirela Ionela ACELEANU & Alina Stefania CHENIC (CRETU), 2011. "Swedish Labour Market Characteristics and Implications on the Organizational Management. Lessons for Romania," REVISTA DE MANAGEMENT COMPARAT INTERNATIONAL/REVIEW OF INTERNATIONAL COMPARATIVE MANAGEMENT, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 12(4), pages 761-769, October.
    3. Alexandru Ionut ROJA & Marian NÃSTASE, 2013. "Leveraging Organizational Capabilities through Collaboration and Collaborative Competitive Advantage," REVISTA DE MANAGEMENT COMPARAT INTERNATIONAL/REVIEW OF INTERNATIONAL COMPARATIVE MANAGEMENT, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 14(3), pages 359-366, July.
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