The nature of economic change and management in a new knowledge based information economy

Elíasson, Gunnar

doi:10.1016/j.infoecopol.2005.02.002

Cited by 32 publications

(25 citation statements)

References 22 publications

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“…Finally, the technopark-is a property complex where processes of cost-effective property management must be organized. These management aspects require development of an effective management system, operation of which results in a balanced policy in the field of innovation, rendering services, property management, which leads to the achieving the objectives of creation of a technology park and stated targets of commercial and budget efficiency [3,17].…”

Section: Characteristic Properties Of Ict-technoparks Managementmentioning

confidence: 99%

Models and Mechanisms for the Management of ICT-Technoparks

Alguliyev¹

2016

SJBM

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Email address:director@iit.ab.az (R. M. Alguliyev), alovsat_qaraca@mail.ru (A. G. Aliyev), shahverdiyevar@gmail.com (R. O. Shahverdiyeva) * Corresponding author To cite this article:Rasim Mahammad Alguliyev, Alovsat Garaja Aliyev, Roza Ordukhan Shahverdiyeva. Models and Mechanisms for the Management of ICTTechnoparks. Science Journal of Business and Management. Vol. 4, No. 6, 2016, pp. 199-203. doi Abstract: The paper shows that the innovative development of economy requires improvement and systematization of management processes. And innovation is activated using modern forms of organization, application and commercialization of high technology through integration of science, education, manufacturing, business and government. These processes are jointly carried out by innovative structures. In this regard, the paper describes the control features of ICT-technoparks, which have interacting structural elements. The paper specifies imperfection of the current control systems of innovative organizations. Therefore, different approaches are given to the definition of the management content. It is proved that the problem of increasing the efficiency of the management process requires the development of complex control system of ICTtechnoparks. The paper specifies the basic management levels of ICT-technoparks, and presents its tasks and functions, as well as the main activities of executive management of ICT-technoparks. The paper describes the basic model and business management model. Depending on the time factor, the strategic and tactical control aspects of ICT-technoparks are analyzed. As the management of ICT-technoparks is viewed as a complex socio-economic system, the public and collegial governance mechanisms are proposed. It is proposed to develop a control system of ICT-technoparks and an appropriate control mechanisms. These mechanisms take into account the key moments in the development process of innovative control system of ICT-technoparks.

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Section: Characteristic Properties Of Ict-technoparks Managementmentioning

confidence: 99%

Models and Mechanisms for the Management of ICT-Technoparks

Alguliyev¹

2016

SJBM

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“…All these elements are critical to the solution reached for π * but, clearly, the specifications required by this kind of detailed long‐term planning cannot be brought off. The approach here is simply not cost‐effective or workable (Eliasson, 1998).…”

Section: The Firm and Allocative Efficiencymentioning

confidence: 99%

“…Not all of the poorly adapted firms will survive in the long run 8 . Nevertheless, if output does not expand sharply and industry prices remain sufficiently high period after period, quite poor technological/organizational forms can be viable and will persist in the industry over time (Eliasson, 1998, pp. 4–5).…”

Section: Profits and The Non‐maximizing Firmmentioning

confidence: 99%

Heuristics, the Non‐maximizing Firm and Efficient Allocation

Furubotn¹

2009

Metroeconomica

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It has been suggested that the theory of the firm can be modified and improved by shifting to a (non-maximizing) heuristic approach that is able to explain how relatively efficient outcomes can be brought about by the use of 'fast and frugal' decision rules. The paper argues, however, that certain heuristic mechanisms, which may have great appeal to entrepreneurs in practice, tend to lead firms to worse solutions than those that could be achieved in a neoinstitutional system with the use of other methods. Moreover, competition cannot be relied upon to eliminate such misallocation, and may even serve to promote the problem.

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“…This is so because the introduction of ideas about transaction costs and bounded rationality have caused theoretical discussion in the NIE to move further and further away from neoclassical‐type analysis. In fact, one important line of current research urges the rejection of traditional optimisation models (Eliasson, 1998; Gigerenzer and Selten, 2001). Thus, in the case of the firm, the argument is that it is necessary to view the firm as a non‐optimising organisation whose productive activities are carried out by low‐rationality agents using rules‐of‐thumb or other ‘short‐cut’ methods for reaching decisions.…”

Section: Some General Observations On the New Institutional Economicsmentioning

confidence: 99%

The New Institutional Economics – A Different Approach to Economic Analysis

Furubotn

Richter

2008

Economic Affairs

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The initial objective of the paper is to describe the way in which the term 'New Institutional Economics' (NIE) emerged in the literature and became the designation for a new field concerned with the study of various analytical techniques designed for the exploration of institutional phenomena. It is then shown how some of the more important of these techniques, transaction-cost economics, property-rights analysis and contract theory, have been applied in two central lines of neoinstitutional thought -the Williamsonian and the Northian. Criticisms of these two disparate theoretical positions on the NIE are considered and assessed. Next, a brief review of some of the empirical literature is undertaken so that the explanatory powers of NIE themes can be gauged. Finally, the paper offers a few general remarks on the present state of the NIE and its possible influence on the further development of economics.

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The nature of economic change and management in a new knowledge based information economy

Cited by 32 publications

References 22 publications

Models and Mechanisms for the Management of ICT-Technoparks

Models and Mechanisms for the Management of ICT-Technoparks

Heuristics, the Non‐maximizing Firm and Efficient Allocation

The New Institutional Economics – A Different Approach to Economic Analysis

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