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  • Impact of knowledge management on sustainable development in the innovative economy [Elektronski vir]
    Roblek, Vasja ...
    The purpose of this paper is to study the importance of sustainable development in the innovative economy. Knowledge-based processes in the innovative economy seem to open up several new avenues to ... be explored in the direction of sustainability. The theory of the innovative economy, in contrast to the neoclassical theory, is not based on the accumulation of financial capital as the main driver of economic growth in the knowledge-based economy but in greater extend on intellectual capital. This new business logic assumes that the rate of economic growth in the innovation economy depends on the products and/or services that are incurred predominantly as a result of knowledge integration. The emergence of the internet in the early 90s affected the growth of dot.com online businesses and the emergence of the third wave of capitalism. In the current economic crisis and recession, the consequences of low economic growth will further affect the changes in the global markets. This is reflected in different behaviour of consumers and resulting in the development of new business models, which include the concepts of sustainability. The paper examines critical factors that influence the role of innovative technologies in organizational change to ensure sustainability. Focus on sustainability directs corporate behaviour towards the environmental protection, which presumes the fulfilment of organizational and human needs. Therefore, current demands can be satisfied in the present, but the resources for their fulfilment will be preserved for future generations. In order to realise this goal, companies must invest in assets that provide sustainable development. Companies that comply with the sustainability concept are expected to create greater value. This conceptual paper contributes to ongoing discussion about increasingly important role of sustainable development as a major concern for the European Union, companies and NGOs that have to develop new policies in order to foster sustainable growth of the society.
    Vir: Systems thinking for a sustainable economy [Elektronski vir] : Advancements in economic and managerial theory and practice : CD-ROM of proceedings : refereed proceedings of Business Systems Laboratory (2014, 13 str.)
    Vrsta gradiva - prispevek na konferenci
    Leto - 2014
    Jezik - angleški
    COBISS.SI-ID - 1536247748

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