Abstract
Abstract The goal of this study is to examine knowledge management’s function as a mediator between academic management and business education. Knowledge management evolved in the last decades as an important component of the organizational management that focuses on intangible resources. In the knowledge economy, knowledge became a strategic resource and it needs a different type of management because it has different economic characteristics by comparison with tangible resources which are represented by physical objects. Knowledge management becomes dominant in the knowledge-intensive organizations, like universities, research centers, consulting companies, and those organizations where knowledge density and knowledge processes intensity determine the organizational performance. From this perspective, it is interesting to analyze the role played by knowledge management in mediating the complex correlation between academic management and business education. Academic management is considered an independent variable and business education the outcome of the whole management of the teaching and learning processes. Knowledge management is the mediator of the whole process. The present research is based on qualitative and quantitative analyses. Qualitative investigation consist in a critical analysis of the literature, and quantitative research is a survey based on a questionnaire addressed to students and professors involved in business education from two Romanian universities. Statistical processing was done with SPSS version 26.0 and the macro PROCESS version 3.5. The findings back up the basic hypothesis and support the research model.
Highlights
Business education is designed by the business schools, but it is driven by the needs of the business environment and its dynamics (Drucker, 2008; Martin, 2009; Mintzberg, 2004)
The main purpose of the study was to determine the indirect effect between Academic Management (AM) and business education (BE) through the proposed mediator Knowledge Management (KM) and to which degree can explain the proposed causal relationship
This study has provided evidence that academic management (AM) has a direct effect on business education (BE) due to the causality relationship between the variables
Summary
Business education is designed by the business schools, but it is driven by the needs of the business environment and its dynamics (Drucker, 2008; Martin, 2009; Mintzberg, 2004). Changes in the business environment became faster and many of them were unpredictable. “Our current environment of accelerated uncertainty and change is not going to blow over and settle down” The US Army War College coined the term VUCA to capture the emerging dynamics of the economic, business, and political environments in strategic analysis (Horney et al, 2010). The COVID-19 global crisis can be a good example of such a VUCA world in which the initial epidemic started in Wuhan, China, in December 2019 transformed very fast into a pandemic that generated complex economic, business, social, cultural, and educational crises (Bratianu, 2020; Surico & Galeatti, 2020; Zakaria, 2020)
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