Cristina Gabriela Cosmulese, Marian Socoliuc, Marius-Sorin Ciubotariu, Veronica Grosu, Dorel Mateş
The shortcomings in traditional financial reporting have become more than obvious, if we look at the results of different researches or studies in the field, but especially according to the thesis supported by Robert Eccles, from Harvard Business School, which shows that only 25% of the market value of a company can be attributed to its accounting value, the rest of 75% coming from the evaluation of the value created by IA (such as strategies, product innovation, customer loyalty, future profits, goodwill, etc), which are fully accounted for only extraordinary events, such as acquisitions and mergers of companies, or the sale of their subsidiaries (Eccles, 1991). Thus, only a small part of the factors that contribute to the creation of value are identified and presented in the reporting used by investors, which obviously creates an obstacle in understanding the mechanisms of value creation, taking into account the strategic importance of IA.
Ján Dvorský, Martin Čepel, Mihaela Simionescu, Pavol Ďurana
In a global economy, competition is the primary driver of market competitiveness. “Globalization causes large-scale changes in the technological, economic, political, and social fields of social development. These changes have a contradictory impact on the development of national economies and their competitiveness. Ceteris paribus, there is a tight interrelation between country’s economic competitiveness and a rate of its economic growth: the higher the rates of economic growth in the country, the bigger the chance for an increase in its national competitiveness and vice versa” Fyliuk et al. (2019). In this context, Ivanová and Čepel (2019) state that the key factor of the states’ increasing competitiveness is assumed to be the innovation performance of enterprises, which is projected through innovative business processes into the innovation performance of the economy as a whole.
Martina Hedvičáková, Martin Král
The manufacturing industry is key to the Czech economy and has deep roots in its history. The manufacturing industry accounts for about 35% of the national economy. It also has a dominant position compared to other countries of the European Union. The manufacturing industry also contributed the most to the creation of the gross domestic product in 2018. It also plays a significant role in employment policy, with around 40% of the economically active population in the manufacturing industry. In the manufacturing industry, the largest employers are manufacture of transport equipment and manufacture of metal structures. The average wage in all sections of the manufacturing industry is also increasing year by year. The manufacturing industry also plays an important role in terms of innovation, new technologies and investments.
Alma Lucero Ortiz, José Carlos Rodríguez, Mario Gómez
In addition to economic factors, other cultural and political influences have been critical drivers of economic growth. Technology issues have begun to feature as a central component of the growth process (Helpman, 1998). For example, technological advances can contribute to humanity’s well-being by facilitating a dynamic change, thereby allowing humankind to perform more efficiently (OECD, 1998). The adoption of information technologies, communication infrastructure, and the Internet in multiple social and productive sectors offers tangible advantages to countries. This process has improved several aspects of societies, such as business, technology, education, and the global economy (Ejiaku, 2014). The importance of information and communication technologies (ICTs) as an asset to the economy’s growth has been highlighted (Schreyer, 2000). The way of doing business has been modified using ICTs through different processes and tools that allow companies to use Internet-based information technologies.
Jun Wen, Ihsan Jamil, Bushra Mughal, Junaid Waheed, Hadi Hussain
Human asset training and development increases the productivity and skills of workers (Saif et al., 2019). Globally, governments spend billions of dollars to promote the workforce, to enhance their country’s economy and innovation. Working women are the pillars of society and play a vital role in its development. The female workforce is the key to innovation, growth, and prosperity in modern societies. Globally, economists focus on the practical and theoretical side of how working women perform an active role within the workforce and how they positively contribute to growth and Innovation (Luci, 2009). Women first started participating in the workforce during the late 19th and early 20th century. Worldwide, owing to higher per capita economic growth, the demand for female participation in the labour force has been increasing and motivating the working women to participate in development and innovation activities.