The relationship between academia and business, especially for research advances in economic sciences, represents more than a desiderate. It is, in many cases, the necessary framework for testing new theories and the source of further research progress. University Lecturer Sergiu Stan proposes a desktop research report on these complex interdependencies between academia and the business world.
The study captures essential aspects of research, development, and innovation that impact organizations are operating in Romanian markets and the European business environment. It accentuates the idea that development is a focal point of both business and European policies and that the issue is tackled from a strategical perspective at both levels. Also, it argues that there is a vital connection between business and academia, showing that the literature points to a solid causal relationship between the entrepreneurial knowledge of the manager and the performance of the company they lead. This reiterates the importance of building strong ties between researchers, academia (teaching), and people taking on the role of managing organizations, stressing the role that formal and informal education play for growing businesses. Finally, innovation is presented as an essential pillar of development, and the author shows an untapped potential concerning research on innovation at the EU level.
One of the study’s main takeaways is an inventory of the management research interests connected to governmental priorities, offering business development opportunities in the following years, and that are also eligible to receive funding through programs such as Horizon 2020. The conclusion suggests that researchers from Romania and Europe have various opportunities to develop innovative products, and build knowledge, consequently furthering the business environment (click here for full study – available in Romanian only).
On the author
Sergiu Stan is University Lecturer and head of the master’s program in Programs and Investments Management at the Faculty of Management, SNSPA. He has an extensive experience in project management, as a consultant and accredited trainer for large public and private organizations. He teaches Project Management, Critical Thinking and Decisions Making. As a researcher, he is interested in topics related to risk management, project management, and change management. For more details on his research, please visit his Google Scholar profile.
