Purpose: This paper aims to analyse operations management's importance in three main dimensions: having a successful strategy, an efficient supply chain management system, and continuous innovation. The case of Walmart is used to consolidate these three areas. The main methodology of this paper...

The aim of this paper is to provide a closer look of the institutional development in educational system and its impact on economic growth. Accumulation of human capital and technological development are factors that are considered to be crucial for economic growth. Thus, investing in education,...

The aim of this paper is to present the role of institutional development in creating knowledge based economies which will further foster higher prospects for economic growth. A knowledge based economy is one that exploits knowledge to develop and maintain long-term economic growth. One of the...

To achieve a competitive advantage, innovation, which provides the possibility to meet the customers' needs a new and higher level, is inevitable for companies. Resources providing the basis of economic development are not widely available and cannot be easily replaced; therefore, expansion of...

The fourth industrial revolution launched digitalization in manufacturing sector, business and human environment. This opens a question of influence to development of the digital sustainability concept and resource-efficiency in the focus on the design of smart cities and smart factories....

According to the triple helix model, the dynamic of the innovation system development of a region or sector is determined by the closeness and intensity of state - company - university collaborations. The fourth spiral assumes the importance of the civil society. The appearance and acceptance of...

Most researchers prefer to analyse the competitiveness and innovativeness of metropolitan areas. In this study we have the intention to characterize the small- and medium-sized cities in the Central and Eastern European region, as well as to explore their possible development path. We believe...

Innovation is widely considered as the main determinant of long-term economic growth. Despite this consensus, it is arduous to measure its economic effect at the firm and aggregate level. The objective of the present paper is to propose a critical examination of innovation indicators and...

The literature on trust, control and knowledge creation in seems to be moving towards a consensus. Trust is necessary to create an open atmosphere for knowledge creation while control acts as a safeguard against malfeasance. Networks that neglect either one often create less knowledge, such as...