IDEAS home Printed from https://ideas.repec.org/a/vrs/poicbe/v17y2023i1p1251-1263n49.html
   My bibliography  Save this article

Use of Knowledge Management in Companies – An Overview of Energy Consumption Strategy on Short Term

Author

Listed:
  • Sandu Mihai

    (Bucharest University of Economic Studies, Bucharest, Romania; Doctoral School in Business Administration)

Abstract

Recently, managers and entrepreneurs have begun to realize the importance of adding value to people and, consequently, to the processes in their companies. Thus, the focus on knowledge management is not limited only to results and financial growth, but also to results and personal growth. Knowledge management refers to a set of strategies used within organizations to improve results. Learning is the best direction anyone can invest in right now. Performances of any company depend directly on how it was understood and implemented knowledge management. With the help of these tools, both individuals and companies can help reduce energy consumption, a necessary process especially due to the impact of global warming and climate change, and in particular from the start of 2022 when Russia started the unjustified military aggression against Ukraine, creating a pressure over the market prices. The research was assessed through a descriptive analyses approach trying to identify trends and relationships. The examination of the information shows that there are differences between the countries measured, from the perspective of the socio-economic, and from different sources of energy supply. Must employees develop furthermore both personal and professional? Are the companies ready to use the knowledge to improve the consumption of energy? The central purpose of this research is to examine the degree of the reduction of energy consumption, what is there to be done on the short term with the energy crisis, and the importance of professional and personal development in the new era of knowledge economy.

Suggested Citation

  • Sandu Mihai, 2023. "Use of Knowledge Management in Companies – An Overview of Energy Consumption Strategy on Short Term," Proceedings of the International Conference on Business Excellence, Sciendo, vol. 17(1), pages 1251-1263, July.
    • Handle: RePEc:vrs:poicbe:v:17:y:2023:i:1:p:1251-1263:n:49
    DOI: 10.2478/picbe-2023-0112
    as

    Download full text from publisher

    File URL: https://doi.org/10.2478/picbe-2023-0112
    Download Restriction: no
    File URL: https://libkey.io/10.2478/picbe-2023-0112?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Violeta Mihaela Dinca & Richard Ingram & Christopher Herriot & Corina Pelau, 2019. "Challenges Regarding the Internationalisation of Universities from Scotland, within the Brexit Landscape," The AMFITEATRU ECONOMIC journal, Academy of Economic Studies - Bucharest, Romania, vol. 21(50), pages 194-194, February.
    2. Gurmeet Singh Sarla, 2019. "Is a Physician Armed with Soft Skills More Successful?," International Journal of Pulmonary & Respiratory Sciences, Juniper Publishers Inc., vol. 4(1), pages 1-3, July.
    3. repec:aud:audfin:v:21:y:2019:i:50:p:194 is not listed on IDEAS
    4. Violeta Mihaela Dincă & Anca Bogdan & Cristinel Vasiliu & Francisca Zamfir, 2021. "The Influence of Romanian Mobile Commerce Companies on Developing Green Innovation," Sustainability, MDPI, vol. 13(18), pages 1-17, September.
    Full references (including those not matched with items on IDEAS)

    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. Vătămănescu Elena-Mădălina & Andrei Andreia Gabriela & Zaiţ Adriana, 2020. "Placing self-assessed health within the systems framework: a preliminary insight into social synergy and syntony," Proceedings of the International Conference on Business Excellence, Sciendo, vol. 14(1), pages 626-635, July.
    2. Violeta Mihaela Dinca & Simona Moagar-Poladian & Tanase Stamule & Puiu Nistoreanu, 2023. "The REPowerEU Plan and the Transition to Green Energy in Romania," The AMFITEATRU ECONOMIC journal, Academy of Economic Studies - Bucharest, Romania, vol. 25(64), pages 676-676, August.
    3. Dincă Violeta Mihaela & Moagăr-Poladian Simona, 2023. "Impact of Flexible Working Opportunities on Romanian Employees Work-Life Balance and Interest in Acquiring New Knowledge," Proceedings of the International Conference on Business Excellence, Sciendo, vol. 17(1), pages 1203-1212, July.
    4. Grasu Stelian & Popp Ruxandra Mădălina, 2023. "An Overview of the European Union Legislation Regarding the Natural Gas Market," Proceedings of the International Conference on Business Excellence, Sciendo, vol. 17(1), pages 411-418, July.
    5. Dincă Violeta Mihaela, 2022. "Emotional intelligence – a Romanian qualitative study," Proceedings of the International Conference on Business Excellence, Sciendo, vol. 16(1), pages 15-21, August.
    6. Violeta Mihaela Dincă & Mihail Busu & Zoltan Nagy-Bege, 2022. "Determinants with Impact on Romanian Consumers’ Energy-Saving Habits," Energies, MDPI, vol. 15(11), pages 1-18, June.
    7. Elena Dinu & Elena-Mădălina Vătămănescu & Roxana-Maria Stăneiu & Mihaela Rusu, 2023. "An Exploratory Study Linking Intellectual Capital and Technology Management towards Innovative Performance in KIBS," Sustainability, MDPI, vol. 15(2), pages 1-21, January.
    8. Blănuţă Bianca Alexandra & Bogdan Anca, 2023. "Knowledge Economy in the Retraining Process," Proceedings of the International Conference on Business Excellence, Sciendo, vol. 17(1), pages 1158-1166, July.
    9. Grasu Stelian & Popp Ruxandra Mădălina, 2023. "An Analysis of the European Union Regulation on Electric Energy Market," Proceedings of the International Conference on Business Excellence, Sciendo, vol. 17(1), pages 419-427, July.
    10. Cadis Aura & Busu Mihail, 2023. "An Analysis of the Perceptions Regarding the Traditional versus Alternative Educational System," Proceedings of the International Conference on Business Excellence, Sciendo, vol. 17(1), pages 401-410, July.

    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:vrs:poicbe:v:17:y:2023:i:1:p:1251-1263:n:49. 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: Peter Golla (email available below). General contact details of provider: https://www.sciendo.com .

    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.