Knowledge and innovations: Key factors of development and employment in the mining companies

Abstract

The epoch of modern economic development particularly emphasized in the nineties of the twentieth century has a special feature in developed world through development of science and technology whose creator is the man. The intensive model of economic growth, based on the comparative advantages of natural resources and unskilled labor force, is more and more abandoned. Today, this place is taken by a new form of economic creativity that increasingly inaugurates non-material resources: knowledge, innovation, information, quality, standards, time, design, speed, know-how and other. The quality of success of developed economies in the world today is convincingly reflected to the rest of the world, with a desire for rapid and better integration of that part. The level of business success depends primarily on the quality of human resources-central resources available to companies and especially today's mining companies in view of the specificity and nature of the work being carried out. New knowledge about the job and the people are resources of a completely new business philosophy, driver of the new changes and risk bearer, creator of innovation and resource allocation, creator of the new quality and values, creator of jobs and new working places in the mining companies, which is the basic need of our time. That time is the time of our Serbian economy and society that is going through the transition process in the pursuit of European integration.