Academic research – a catalyst for the innovation process within companies in Romania

Rodica Pamfilie (), Smaranda Giusca and Robert Bumbac ()
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Rodica Pamfilie: Bucharest University of Economic Studies
Smaranda Giusca: Bucharest University of Economic Studies

The AMFITEATRU ECONOMIC journal, 2014, vol. 16, issue 37, 759

Abstract: Current economic developments make the use of scientific resources, especially academic research, to be no longer just an option for companies wanting to remain competitive, but a necessity. This statement is based on the research conducted by the authors during the last three years on the companies` performance in Romania regarding the results of the innovation process and capitalization on scientific resources in order to improve this vital process. To achieve this, a mechanism should be created, through which key players in the market - companies, universities, research institutes and government - could work together towards the common goal of economic growth. This mechanism would help companies move beyond incremental innovation by using knowledge generated by universities or research institutes.

Keywords: academic research; innovation; research and development; companies (search for similar items in EconPapers)
JEL-codes: I23 M10 O32 (search for similar items in EconPapers)
Date: 2014
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Citations: View citations in EconPapers (4)

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