PRACTICE OF ORGANIZATIONAL AND CULTURAL MANAGEMENT INNOVATIONS OF INTERNATIONAL COMPANIES IN THE KNOWLEDGE ECONOMY // BSU bulletin. Economy and Management. - 2021. №4. . - С. 84-90.

PRACTICE OF ORGANIZATIONAL AND CULTURAL MANAGEMENT INNOVATIONS OF INTERNATIONAL COMPANIES IN THE KNOWLEDGE ECONOMY

DOI: 10.18101/2304-4446-2021-4-84-90 UDK: 331.101

The article studies the paradigm of the knowledge economy as a source of eco- nomic growth, innovations and increase of the competitiveness of a company, regardless its sector of the economy. Evidence is given that foreign scientists and analysts insist on the need to use modern knowledge-based resources in order to enrich the economy, attract more investment to the company, and improve its producibility. We made an indirect comparison between the practice of organizational and cultural managment innovations in the traditional economy and in the knowledge economy. The article shows the positive economic trends in the company's activities that can be achieved thanks to the knowledge economy: incentives for economic and institutional development, well-educated and skilled workers contributing to the creation and dissemination of innovative knowledge, an adequate innovation system covering the globalized knowledge, information infrastructure that provides communication, delivery of information, its processing and obtaining high-quality knowledge.

innovations, innovation management, knowledge economy, knowledge man- agement, innovations of international companies.