English, Article edition: The importance of the strategic management process in the knowledge-based economy Stefan NEDELEA; Laura Adriana PAUN

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Bookmark: http://trove.nla.gov.au/version/161137
Physical Description
  • article
Language
  • English

Edition details

Title
  • The importance of the strategic management process in the knowledge-based economy
Author
  • Stefan NEDELEA
  • Laura Adriana PAUN
Physical Description
  • article
Notes
  • In the modern economy, competitiveness means information and know-how rather than capital and physical assets. Therefore, the key process for any competitive organization is to strategically use their information resources and knowledge assets by remembering and applying experience. An organization’s ability to compete on the market is increasingly seen as depending on the skills and knowledge of its managers and employees, regarded as intelectual capital, and put to good use while formulating, implementing and adjusting strategies. In the current business environment, knowledge evolves rapidly and the useful life span of the organizational skills is decreasing, which means the survival and competitiveness of an organization is linked to its ability to learn and include its findings in their strategic management process.
  • strategic management; knowledge; high-performing organization.
  • RePEc:rom:rmcimn:v:10:y:2009:i:1:p:95-105
Language
  • English
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