New strategic management and global innovation economy
Апстракт
The paper deals with the challenges of the global innovation economy for strategic decision-making in the conditions where the acceleration of change through innovation is at the core of the wealth creation. The importance of the new strategic management concept from the aspect of contemporary business is considered. The implications of intellectual capital for global innovation economy and for strategy creation and realization are also analyzed. Intangible assets are gaining crucial importance for improving business performance in a dynamic environment. The focus is on competitive strategy and on creating sustainable competitive advantage in this context. Diverse networks of intra-firm relationships, as well as of extra-firm relationships with various external stakeholders, are becoming necessary. The paper also concentrates on the fact that the concept of competitive advantage is now being seen differently, taking into account contributions of a firm to the organizational networks. N...ew strategic management approach also promotes the development of proactive strategic mindsets. Capability space, as a special type of mental space, comprises views of resources, competencies and innovation dynamics. Proactive and creative organizations capable of shaping external environment, explore the new ways to stimulate communication. The paper also highlights the changes in strategic management orientation and practices, and the new strategic mindset for the global innovation economy.
Кључне речи:
value creation / strategic orientation / new strategic management approach / intellectual capital / global innovation economy / dynamic capabilitiesИзвор:
Strategic Management, 2010, 15, 3, 18-27Издавач:
- Univerzitet u Novom Sadu - Ekonomski fakultet, Subotica
Институција/група
Fakultet organizacionih naukaTY - JOUR AU - Milićević, Vesna AU - Ilić, Bojan PY - 2010 UR - https://rfos.fon.bg.ac.rs/handle/123456789/591 AB - The paper deals with the challenges of the global innovation economy for strategic decision-making in the conditions where the acceleration of change through innovation is at the core of the wealth creation. The importance of the new strategic management concept from the aspect of contemporary business is considered. The implications of intellectual capital for global innovation economy and for strategy creation and realization are also analyzed. Intangible assets are gaining crucial importance for improving business performance in a dynamic environment. The focus is on competitive strategy and on creating sustainable competitive advantage in this context. Diverse networks of intra-firm relationships, as well as of extra-firm relationships with various external stakeholders, are becoming necessary. The paper also concentrates on the fact that the concept of competitive advantage is now being seen differently, taking into account contributions of a firm to the organizational networks. New strategic management approach also promotes the development of proactive strategic mindsets. Capability space, as a special type of mental space, comprises views of resources, competencies and innovation dynamics. Proactive and creative organizations capable of shaping external environment, explore the new ways to stimulate communication. The paper also highlights the changes in strategic management orientation and practices, and the new strategic mindset for the global innovation economy. PB - Univerzitet u Novom Sadu - Ekonomski fakultet, Subotica T2 - Strategic Management T1 - New strategic management and global innovation economy EP - 27 IS - 3 SP - 18 VL - 15 UR - conv_861 ER -
@article{ author = "Milićević, Vesna and Ilić, Bojan", year = "2010", abstract = "The paper deals with the challenges of the global innovation economy for strategic decision-making in the conditions where the acceleration of change through innovation is at the core of the wealth creation. The importance of the new strategic management concept from the aspect of contemporary business is considered. The implications of intellectual capital for global innovation economy and for strategy creation and realization are also analyzed. Intangible assets are gaining crucial importance for improving business performance in a dynamic environment. The focus is on competitive strategy and on creating sustainable competitive advantage in this context. Diverse networks of intra-firm relationships, as well as of extra-firm relationships with various external stakeholders, are becoming necessary. The paper also concentrates on the fact that the concept of competitive advantage is now being seen differently, taking into account contributions of a firm to the organizational networks. New strategic management approach also promotes the development of proactive strategic mindsets. Capability space, as a special type of mental space, comprises views of resources, competencies and innovation dynamics. Proactive and creative organizations capable of shaping external environment, explore the new ways to stimulate communication. The paper also highlights the changes in strategic management orientation and practices, and the new strategic mindset for the global innovation economy.", publisher = "Univerzitet u Novom Sadu - Ekonomski fakultet, Subotica", journal = "Strategic Management", title = "New strategic management and global innovation economy", pages = "27-18", number = "3", volume = "15", url = "conv_861" }
Milićević, V.,& Ilić, B.. (2010). New strategic management and global innovation economy. in Strategic Management Univerzitet u Novom Sadu - Ekonomski fakultet, Subotica., 15(3), 18-27. conv_861
Milićević V, Ilić B. New strategic management and global innovation economy. in Strategic Management. 2010;15(3):18-27. conv_861 .
Milićević, Vesna, Ilić, Bojan, "New strategic management and global innovation economy" in Strategic Management, 15, no. 3 (2010):18-27, conv_861 .