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Corvinus

Knowledge and innovation as value drivers in professional services firms: an empirical research in Central and Eastern Europe

Pörzse, Gábor and Takács, Sándor and Fejes, József and Csedő, Zoltán and Sára, Zoltán (2012) Knowledge and innovation as value drivers in professional services firms: an empirical research in Central and Eastern Europe. European Journal of Business and Management, 4 (8). pp. 124-132.

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Official URL: http://www.iiste.org/Journals/index.php/EJBM/article/view/1939/1919


Abstract

The purpose of this study was to investigate empirically the role of knowledge and innovation within Central and Eastern Europe’s changing economy. We applied qualitative research methods, and focused only on professional services firms within the region. The connection between knowledge and innovation as well as knowledge and competitiveness was analyzed by top managers and senior industry experts. Our findings revealed that knowledge might be a real value driver for professional services firms. These companies can significantly contribute to the development of modern economies through the dissemination of their internal best practices in knowledge management. We found three factors that might influence the effectiveness of knowledge management. These three factors are the involvement of international knowledge networks, the investments in human capital, and focus on critical resources. These issues proved to be essential to maximize the potential of knowledge and to leverage this into increased business performance.

Item Type:Article
Uncontrolled Keywords:knowledge management, professional services, innovation, competitiveness, Central and Eastern Europe
Subjects:Knowledge economy, innovation
ID Code:2018
Deposited By: MTMT SWORD
Deposited On:24 Jul 2015 09:18
Last Modified:24 Jul 2015 09:18

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