Universities in the Knowledge Economy

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 mora...

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Bibliographic Details
Published in:Management dynamics in the knowledge economy 2017-06, Vol.5 (2), p.251-271
Main Author: Bejinaru, Ruxandra
Format: Article
Language:English
Subjects:
Accreditation
an entropic model of intellectual capital
Colleges & universities
Competitive advantage
Economic aspects
Economy
Higher education
innovation strategies
Intellectual capital
Knowledge
Knowledge economy
knowledge strategies
Roles
Romania
Society
Students
universities
Universities and colleges
Values
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Summary: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 insociety. 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 a 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 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 challenge and high perspectives for the universities worldwide and we present our concluding remarks.
ISSN:2392-8042
2286-2668
2392-8042
2286-2668
DOI:10.25019/MDKE/5.2.05