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New Approaches On Innovation Process In The Context Of Knowledge-Based Economy. Implications For Romanian Enterprises

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  • LUŢ DINA MARIA

    (“DIMITRIE CANTEMIR” CHRISTIAN UNIVERSITY BUCHAREST, FACULTY OF TOURISTIC AND COMMERCIAL MANAGEMENT TIMIŞOARA)

Abstract

In the knowledge-based economy the knowledge has become the essential factor of production, the key element of economic competitiveness at the organizational level, national and global level. Education, research and innovation form the so-called "knowledge triangle". In this triangle, the innovation is the key element with the greatest impact on welfare and also the most problematic in terms of the related policies. Unfortunately, most of the Romanian enterprises, especially the small and medium sized ones, have not the resources to support innovation process. For this reason, it was found that a viable innovation strategy is based on the combination of firms, participation in networks, alliances and collaborations in order to reduce costs ever higher of technology transfer. In recent years, such a combination is the business cluster. Starting from these considerations, the paper presents several aspects regarding the clustering process, as the best way of achieving competitiveness for Romanian enterprises, especially for the small and medium ones. The paper also highlights the main benefits of the clusters parts.

Suggested Citation

  • Luţ Dina Maria, 2012. "New Approaches On Innovation Process In The Context Of Knowledge-Based Economy. Implications For Romanian Enterprises," Anale. Seria Stiinte Economice. Timisoara, Faculty of Economics, Tibiscus University in Timisoara, vol. 0, pages 264-271, November.
    • Handle: RePEc:tdt:annals:v:xviii/supplement:y:2012:p:264-271
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    References listed on IDEAS

    as
    1. Sternberg, Rolf, 2009. "Regional Dimensions of Entrepreneurship," Foundations and Trends(R) in Entrepreneurship, now publishers, vol. 5(4), pages 211-340, May.
    2. Udo Staber, 2001. "The Structure of Networks in Industrial Districts," International Journal of Urban and Regional Research, Wiley Blackwell, vol. 25(3), pages 537-552, September.
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    More about this item

    Keywords

    the knowledge-based economy; knowledge triangle; innovation system; business clusters; Romanian enterprises;
    All these keywords.

    JEL classification:

    • M21 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics - - - Business Economics
    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D

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