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Economic Analysis: Theory and Practice
 

Education factors and management quality as determinants of innovative development and sustainability of economic systems

Vol. 14, Iss. 33, SEPTEMBER 2015

PDF  Article PDF Version

Received: 13 July 2015

Accepted: 23 July 2015

Available online: 16 September 2015

Subject Heading: ANALYSIS OF INTELLECTUAL CAPITAL

JEL Classification: 

Pages: 38-55

Krasil'nikova E.V. Central Economics and Mathematics Institute, RAS, Moscow, Russian Federation
Krasilnikova_lena@list.ru

Nikonova A.A. Central Economics and Mathematics Institute, RAS, Moscow, Russian Federation
prettyal@cemi.rssi.ru

Importance Sustainable economic development and competitiveness of economic entities and the entire national economy, as well as management skills improvement become increasingly relevant in the context of significant global technological and structural changes. Meanwhile, the role of knowledge in the fields of mathematics, engineering and science is as important as the impact of quality management on sustainability and competitiveness.
     Objectives The study aims to select priorities for devising adequate strategies and tools in relevant areas to pursue long-term sustainability and competitiveness.
     Methods The application of the system-integrated paradigm to study education factors extends the undertaken analysis to seven basic groups of factors. This approach enables to consider the influence of mental, cultural and historical factors. The factors explain the profound difference in sustainability and innovative development of various economic entities or national economies despite similar regulatory and economic environment.
     Results We have selected ten most significant global trends in education and scientific activity. Their impact on creation and absorption of knowledge and on management quality will determine long-term competitiveness and sustainability of companies and the national economic system as a whole.
     Conclusions Special human abilities and competences determine the level and quality of innovative development. Their development is influenced by multiple interrelated factors. To detect such influence, we suggest using a systems approach. The education system will produce skilled professionals and managers, only if it complies with identified factors and conditions and focuses on the multidisciplinary approach in industry, science and management.

Keywords: sustainable development, management, knowledge, education, competitive ability

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