Faculty of Management

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Browsing Faculty of Management by Subject "Biotechnology"

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    Digitally enabled decision making in big crop farms : inspiration for a balanced decision making : metaphorical model
    (Sciendo, 2023-07-14) Markovits, Paul Ștefan
    This paper analysis decision making support systems in the big crops farms and proposes a metaphoric model to illustrate the interdependence of resources usage. The proposed metaphoric model is drawn considering that six types of resources (time, financial, people, knowledge, technology, relational capital) are spent to achieve an objective and puts forward a graphical representation, a hexagonal pyramid to illustrate the interdependence among these six types of resources (the polygon of resources) and the quality of the financial outcome (the height of the pyramid). Examples of digital decision support systems used in big crop farms were used to explain the model’s functioning. A particularity of the model consists in the adding of a second mirrored pyramid (resting on the same base) with its height representing the assessment of the environmental impact as a proxy for ESG results. Consequently, the evolved model proposed by the paper, dubbed as The Value Creation Diamond, provides a good springboard in visualizing and assessing the balance between the scaled heights of the two adjoined pyramids (Financial height vs ESG height). The model is deemed to be a useful tool for practitioners as well as educators in their quest to facilitate the wider use of balanced decision-making model considering the resources and outputs in the realm of sustainable development. Further research will be instrumental to validate the possibility to use this model for other types of farms, firms and organizations.
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    Sustainable knowledge management and its impact on the performances of biotechnology organizations
    (MDPI, 2019-01-11) Zbuchea, Alexandra; Pînzaru, Florina; Busu, Mihail; Stan, Sergiu Octavian; Bârgăoanu, Alina
    Starting from the findings of specialized studies on knowledge management in the field of biotechnology, this paper aims to present the factors that underline sustainable performances of Romanian biotechnology organizations. Particularly, descriptive analysis of these factors has outlined a picture of the current situation of biotechnology in Romania. The design of an exploratory knowledge management model for organizations in the biotechnology sector was achieved and validated through a panel data model. Starting from a model of growth based on productivity, capital inflow, and human capital, three statistical hypotheses were validated by a time series data panel regression model using EViews 9.0 software. The data were collected for the enterprises active in the field of biotechnology for a period of nine years. The paper highlights the fact that the economic performance of biotechnology organizations is determined by the flow of capital, productivity, and the workforce. Knowledge-based growth strategies are essential in the econometric model presented. Nevertheless, in terms of knowledge management strategies, the sector has not reached its maturity, and full sustainability is not a norm.