Better Balanced Economies — A Management Challenge for the 3rd Millennium

Franz Barachini () and Chris Stary ()
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Franz Barachini: VIST Research - Vienna International School of Thought, Stutterheimstraße 16-18, 1150 Vienna, Austria
Chris Stary: JKU, Knowledge Management Competence Centre, Freistädterstraße 314, A-4040 Linz, Austria

Journal of Information & Knowledge Management (JIKM), 2012, vol. 11, issue 04, 1-7

Abstract: The incorporation of non-economic indicators in corporate management systems could help to bridge the gap between poor and rich economies. We propose the capitalisation of labour costs, the provision for costs caused in indirect value chains, environmental and social measures in scorecards, new remuneration schemas for managers, and a change in management attitudes towards knowledge management. The application of the combination of the proposed concepts could positively influence the distribution of wealth and resources, as societies could become more balanced world-wide. We are convinced that the proposed scorecard measures and the necessary change in management behaviour must be driven and supported by knowledge managers operating in world-wide value chains.

Keywords: Corporate social responsibility; value chain analysis; environmental measures (search for similar items in EconPapers)
Date: 2012
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DOI: 10.1142/S0219649212500256

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