Universities in the Knowledge Economy

Ruxandra BEJINARU

Abstract


Throughout this paper, we present the observations and conclusions of our research that is both conceptual and pragmatic. As the title suggests, our research focuses on the new roles of universities in the knowledge economy.  Since their beginning, universities have been scientific, cultural and moral landmarks for society and even today they have the mission of stimulating a social and economic progress in society. We start the presentation of the research by emphasizing the correlations between the new understanding of the knowledge concept and the functioning of the university. We consider that knowledge represents a strategic resource for universities and also the main resource used in all its organizational processes and has great impact on the final products and services that the university delivers for its stakeholders and finally for the whole society. In the second section of the paper we discuss the strategic roles that the universities play in society. Though we consider that the primordial role of the university is to educate students and to contribute to the scientific knowledge of the world, today universities integrate more and diverse responsibilities which represent new dynamics capabilities. Within the third section of the paper we approach the problem of the intellectual capital which we consider also as a strategic component of universities and with great potential for their prosperity. The discussion regarding the impact of the intellectual capital is particularly important due to the presentation of the novel entropic model of intellectual capital. In the final part of the paper we analyze and argue the most recently announced challenges and high perspectives for the universities world-wide and we present our concluding remarks. 

Full Text:

PDF

References


Andriessen, D. (2004). Making sense of the intellectual capital. Designing a method for valuation of intangibles. Amsterdam: Elsevier.

Andriessen, D. (2008). Stuff or love? How metaphors direct our efforts to manage knowledge in organizations. Knowledge Management Research & Practice, 6(1), 5-12.

Baesu, C., and Bejinaru, R. (2013). Leadership approaches of organizational change. The USV Annals of Economics and Public Administration, 13(2), 146-152.

Barnett, R. (2000). Realizing the university in an age of supercomplexity. Buckingham: Open University Press.

Bejinaru, R. (2016). Knowledge dynamics impact on intellectual capital in organizations. Journal of Management Dynamics in the Knowledge Economy, 4(4), 515-534.

Bejinaru, R., and Hapenciuc, C.V. (2016). Valorization of the learning organization’s principles in the business HES. In Brătianu, C., Zbuchea, A., Pînzaru, F., Vătămănescu, E.-M. and Leon, R.D. (Eds.), Strategica. Opportunities and risks in the contemporary business environment (pp.600-611). Bucharest: Tritonic.

Bejinaru, R., and Iordache Ş. (2011). Intellectual capital dynamics within the learning organization. In Turner, G., and Minnone, C. (Eds.), Proceedings of the 3rd European Conference on Intellectual Capital (pp.70-77). Reading: Academic Publishing International Limited.

Bejinaru, R., and Prelipcean, G. (2017). Successful strategies to be learnt from world-class universities. In Proceedings of the 11th International Conference on Business Excellence (pp.469-492). Bucharest: ASE.

Bontis, N. (1999). Managing organizational knowledge by diagnosing intellectual capital: framing and advancing the state of the field. International Journal of Technology Management, 18(5/8), 433–462.

Bratianu, C. (2009). The frontier of linearity in the intellectual capital metaphor. Electronic Journal of Knowledge Management, 7(4), 415-424.

Bratianu, C. (2011). Universities as knowledge-intensive learning organizations. In Eardley, A., and Uden, L. (Eds.), Innovative knowledge management: concepts for organizational creativity and collaborative designs (pp.1-17). Hershey, PA: Information Science Reference.

Bratianu, C. (2013a). The triple helix of the organizational knowledge. Management Dynamics in The Knowledge Economy, 1(2), 207-220.

Bratianu, C. (2013b). Nonlinear integrators of the organizational intellectual capital. In Fathi, M. (Ed.), Integration of practice-oriented knowledge technology: trends and perspectives (pp.3-16). Heidelberg: Springer.

Bratianu, C. (2014). Intellectual capital of the European universities. In Dima, A.M. (Ed.), Trends in European higher education convergence (pp.24-43). Hershey, PA: IGI Global.

Bratianu, C. (2015). Organizational knowledge dynamics: Managing knowledge creation, acquisition, sharing, and transformation. Hershey: IGI Global.

Bratianu, C. and Vasilache, S. (2010). A factorial analysis of the managerial thinking model. International Journal of Innovation and Learning, 8(4), 393-407.

Bratianu, C., Agapie, A., Orzea, I., and Agoston, S. (2011). Inter-generational learning dynamics in universities. Electronic Journal of Knowledge Management, 9(11), 10-18.

Bratianu, C., and Bejinaru, R. (2016). Evaluation of knowledge processes within learning organization. In Nicolescu, O., and Lloyd-Reason, L. (Eds.), Challenges, performances and tendencies in organisation management (pp.125-136). Singapore: World Scientific.

Bratianu, C., and Bejinaru, R. (2017). Knowledge strategies for increasing IC of universities. In Lopez, I.T., and Serrasqueiro, R. (Eds.), Proceedings of the 9th European Conference on Intellectual Capital (pp.34-41). Lisbon: Instituto Universitario de Lisboa.

Bratianu, C., and Orzea, I. (2013). The entropic intellectual capital model. Knowledge Management Research and Practice, 11(2), 133-141.

British Executive Summary (2009). The future of universities in a knowledge economy. Department for Business, Innovation & Skills. Retrieved from http://www.ed.ac.uk/files/atoms/files/bis-higherambitions-summary-nov2009.pdf.

Cantaragiu, R., Paunescu, C., and Hadad, S. (2014). The social impact of university entrepreneurship in Romania: Is the institutional discourse replicated or adapted? Management & Marketing, 9(4), 403-422.

Davenport, T.H., and Prusak, L. (2000). Working knowledge. How organizations manage what they know. Boston: Harvard Business School Press.

Dumay, J. (2009). Reflective Discourse about intellectual capital: Research and practice. Journal of Intellectual Capital, 10(4), 489-503.

Dumay, J. (2012). Grand theories as barriers to using IC concepts. Journal of Intellectual Capital, 13(1), 4-15.

Florida, R. (2002). The rise of the creative class. New York: Basic Books.

Florida, R. (2007). The flight of the creative class. The new global competition for talent. New York: HarperCollins.

Gibb, A., Haskins, G., Hannon, P., and Robertson, I. (2012) Leading the entrepreneurial university. Meeting the entrepreneurial development needs of higher education institutions. Oxford: University of Oxford.

Goddard, J. (2017). The strategic positioning of cities in 21st century challenges: the civic university and the city. In Grau, F.X. (Ed.), Higher Education in the world 6. Towards a socially responsible university: Balancing the global with the local (pp.115-127). Girona: Global University Network for Innovation.

Grau, F.X. (2017). Higher education in the world 6. Towards a socially responsible university: Balancing the global with the local. Girona: Global University Network for Innovation.

Kliewe, T. (2017). Entrepreneurial and engaged university accreditation. Accreditation Council for Entrepreneurial and Engaged Universities. Retrieved from https://www.aceeu.org/pdf/ACEEU_Brochure_ 2017.pdf.

Maret, P. (2007). Universities in the world: what for?. In Sadlak, J., and Liu, N.C. (Eds.), The world-class university and ranking: Aiming beyond status (pp.17–23). Cluj-Napoca: Cluj University Press.

Mazzota, R., and Bronzetti, G. (2013). Intellectual capital in a services-oriented firm: The case of Italian public utilities. Retrieved from http://www.irmainternational.org/viewtitle/75250/.

Nonaka, I., and Takeuchi, H. (1995). The knowledge-creating company. How Japanese companies create the dynamics of innovation. Oxford: Oxford University Press.

Petrusson, U. (2009). The university in the knowledge economy. University of Gothenburg. Retrieved from https://www.lesi.org/docs/default-source/scandinavia-annual-conference-2015/the-university-in-the-knowledge-economy-ia-management-and-the-utilization-of-academic-research.pdf?sfvrsn=4.

Prelipcean, G., and Bejinaru, R. (2016). Universities as learning organizations in the knowledge economy. Journal of Management Dynamics in the Knowledge Economy, 4(4), 469-492.

Roos, G., Pike, S., and Fernström, L. (2005). Managing intellectual capital in practice. Amsterdam: Elsevier.

Sánchez, M.P., Elena, S., and Castrillo, R. (2007). The ICU report: an intellectual capital proposal for university strategic behavior. Paris: IMHE-OECD.

Shattock, M. (2009). Entrepreneurialism in universities and the knowledge economy. Diversification and organisational change in European higher education. New York: Open University Press.

Spender, J.C. (2014). Business strategy. Managing uncertainty, opportunity, & enterprise. Oxford: Oxford University Press.

Stewart, T. (1999). Intellectual capital: the new wealth of organizations. London: Nicholas Brealey Publishing.

Sveiby, K.E. (1997). The new organizational wealth: Managing and measuring knowledge-based assets. New York: Berret Koehler.

Tennyson, R., Zhao, J., and Ordóñez de Pablos, P. (2013). Intellectual capital strategy management for knowledge-based organizations. Hershey: IGI Global.

Unger, R.M. (2015). The task of the social innovation movement. In Nicholls, A., Simon, J., and Gabriel, M. (Eds.), New frontiers in social innovation research (pp.233-251). London: Palgrave Macmillan.

United Nations (2017). Sustainable Development Knowledge Platform. Retrieved from https://sustainabledevelop ment.un.org/.

Viedma, J.M., and Cabrita, M.R. (2012). Entrepreneurial excellence in the knowledge economy. Intellectual Capital benchmarking systems. London: Palgrave Macmillan.

Wells, P.J. (2017). The role of higher education institutions today. In Grau, F.X. (Ed.), Higher education in the world 6. Towards a socially responsible university: Balancing the global with the local (pp.31-32). Girona: Global University Network for Innovation.


Refbacks

  • There are currently no refbacks.


Copyright (c) 2017 Management Dynamics in the Knowledge Economy

Creative Commons License
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.

© Faculty of Management (SNSPA)

Creative Commons License
This work is licensed under CC BY-NC

The opinions expressed in the papers published are the authors’ own and do not necessarily express the views of the editors of this journal. The authors assume all responsibility for the ideas expressed in the materials published.

ISSN 2392-8042 (online)