Management Dynamics in the Knowledge Economy

The aim of Management Dynamics in the Knowledge Economy (MDKE) is to address in an interdisciplinary framework the dynamics of organization management and its strategic approaches by considering the imperatives and the contingencies of the new societal and economic environments at a local, national, international and global scale, with a special emphasis on emerging economies.

Emerging economies present a compelling area of investigation from a management dynamics perspective due to several key factors, such as rapid growth and transformation, need for tailored strategies, opportunities for innovation and dynamic capabilities. The unique characteristics of emerging economies create fertile ground for studying how management practices adapt and evolve.

To start with, emerging markets are characterized by rapid economic, political, social, and demographic transitions. This dynamism creates unique challenges and opportunities for businesses and managers. Secondly, the scale, complexity, and unique talent management challenges in emerging markets necessitate locally based decision rights and tailored organizational structures and processes. Thirdly, companies in emerging markets sometimes develop unique strategies to overcome disadvantages and compete globally. Some capitalize on their knowledge of local product markets or talent and capital markets. Fourthly, emerging economies differ from developed economies, offering potential investors greater profit opportunities, lower gross national income per capita, and greater reluctance towards foreign investment.

Given that a knowledge-based economy uses knowledge as the primary engine for economic growth, for countries seeking to boost their economies, understanding how to leverage knowledge becomes paramount. Global competition dares emerging markets (i.e., Asian, African, South-Eastern European countries, etc.) to strengthen their intangible resources, embodying technology, skills, and brand value. The imperative is to ensure the ‘catching up’ process as emerging economies can learn from advanced economies in North America, Western Europe, and East Asia, which serve as role models. Investments in 'knowledge infrastructure' such as ICT, R&D, science and technology, tertiary education, and innovation capabilities emerge as mandatory. These stand for strategic challenges for achieving competitive advantage within the globalized socio-economic environment.

Taking stock of the state-of-the-art and future trends in management dynamics, MDKE primarily focuses on investigating emerging economies through the lens of the knowledge economy while tackling the lessons learned and best practices of more developed countries in terms of intellectual capital leverage, organizational transformations, technology, innovation, sustainability and business development.

MDKE aims to foster meaningful academic discussions and to support the exchange of ideas on principles, strategies, models, techniques, methodologies, and applications of management science in all the important fields of interest.