Abstract
Abstract Background: Knowledge plays a crucial role in supporting the European Union model based on economic growth, social responsibility, and sustainable development. To improve companies’ performance, one must reflect on new forms of knowledge and develop new indicators to measure them. Objectives: The goal of the paper is to investigate the impact of the selected factors of knowledge on companies’ performance in Slovenia. Methods/Approach: A questionnaire was created and sent to small and medium-sized enterprises in Slovenia. The principle axis factoring method was used to identify the factors of knowledge and of companies’ performance, and a regression analysis was conducted to determine the influence of the selected knowledge factors on companies’ performance. Results: The establishment of scientists’ collaboration with companies has a positive impact on companies’ performance, but the obstacles to the establishment of scientists’ collaboration with companies do not have any impact. Conclusions: The results could be useful for governments and companies in the adoption of measures aimed at strengthening scientists’ collaboration with companies. Further research can be oriented toward the common synergy index (e.g., the knowledge triangle).
Highlights
Technology research, innovativeness, and knowledge play a crucial role in dealing with the main problems of the European Union (EU) and in supporting the EU model based on economic growth, social responsibility, and sustainable development (European Union, 2010)
In light of the increasing capacity stemming from the increasing European education and, the results of research in a clearly defined marketing opportunity, the innovative European Institute of Technology built a bridge across the gap with the EU's international competitors (European Commission, 2008)
Emphasizing the areas of knowledge that affect economic growth, this paper presents the research that concentrates on knowledge indicators and their influence on company performance at the micro-economic level, using the Republic of Slovenia as the case (Rašič, 2015)
Summary
Technology research, innovativeness, and knowledge play a crucial role in dealing with the main problems of the European Union (EU) and in supporting the EU model based on economic growth, social responsibility, and sustainable development (European Union, 2010). The European Institute of Technology (EIT, 2008) has sought to assemble the three leading factors of the knowledge triangle, which includes more successful education, research, and business innovation, at the national governmental level. Investments in knowledge and innovation in the EU rose to 50 billion euros in Structural Funds from 2007 to 2013 This is almost the same amount as the scientific-research budget of the European Commission (UNESCO 2008). Knowledge plays a crucial role in supporting the European Union model based on economic growth, social responsibility, and sustainable development.
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