New Challenges in Economic Policy, Business, and Management
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Ujwary-Gil_Gancarczyk_New_Challenges_in_Economic_Policy.pdf (6.6 MB)
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2020
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Institute of Economics, Polish Academy of Sciences
Abstract
Industrial policy has been recently broadened by smart, place-based, bottomup, and micro-level approaches to industrial transformations towards competitiveness. The contributions gathered in this volume combine these new approaches with macroeconomic and international perspectives. Matching these two aspects is necessary to meet the New Industrial Policy purpose and specific objectives. Therefore, both dimensions need further investigation. Below, we present the prospects for further research in the referred areas as stemming from each part of the current volume. In the first part, we find a number of thematic areas and methodologies proposed for the future investigation of local, regional, and international development policies. In the area of policy evaluation, Wojnicka-Sycz (2020) recommends the extension from the ultimate GDP outcomes towards the intermediate effects of smart specializations, i.e. R&D and innovation performance. Moreover, she seeks international comparisons of these effects, particularly in other EU countries. In depth, regional-level data are also needed to investigate more precisely the industrial scope of smart specializations. On-going evaluations focus largely on the implementation phase and the indirect, mediating effects of industrial strategies. In this vein, Kachniewska (2020) proposes further important research in the implementation strategies and methodologies towards smart mobility in medium cities. Widera (2020) sets out an interesting research perspective on internal regional dynamics and growth distribution, to identify functional areas and regional growth poles. The international context of structural economic changes and industrial growth has been the focus of Godlewska-Dzioboń (2020) and Czech (2020). After evaluating sectoral structural dynamics, Godlewska-Dzioboń (2020) recommends the performance assessment of individual economic sectors in Central and Eastern European countries, as well as the causes of long-term employment dynamics in these settings. Czech (2020) calls for further studies on risk management in globalized economic exchange. This recommendationis compelling, even in the case of localized industries such as clusters, since they are also inserted in global value chains. In order to plan for industrial transformation and competitiveness, it is necessary to investigate further the micro-level transitions in management and business studies. Thus, the second part also sets out the agenda for future research, particularly in the area of matching employee competences, management methods, and digital technologies. The chapter by Potoczek (2020) forms a basis for further specification of research questions and systematic literature reviews in business process management. Another research direction might be practically oriented studies that more tightly integrate management methods with 4.0 tools in organizational processes. The chapter by Igielski (2020) calls for the replication of the performed research on a random sample to enable robust generalization as to the development of employee competences towards digital transformations. The study by Flak (2020) reveals unique possibilities of applying software solutions in tackling soft management issues, such as those related to motivating people, recruitment or organizational culture diagnosis and management. The contribution by Sztorc (2020) encourages further indepth studies on the causes and outcomes of particular lean management tools for economic performance in the hotel industry. Career orientation of students as future employees was explored by Mazurkiewicz (2020) in the context of national cultures. According to the author, it would be relevant to expand the research to a larger research sample, diverse regional settings, and to acknowledge a wider range of factors influencing student career orientation. The interesting findings of Kowalik (2020) about students’ perceptions of economic benefits from participation in scientific projects might be further explored with a large and random sample, to guide both students and policy makers in the area of R&D. The design and implementation of industrial policies can only be successful with the comprehensive participation of stakeholders. Therefore, governing interests and networks is a prospective and fruitful area for further studies, as highlighted in the third part of this volume. Lis (2020) proposes future research to identify relationships among motivation, efficiency and commitment in networking, with the use of quantitative studies and a representative, random group of business environment organizations. Similarly, based on the results of his explorative study of a local government’s networking, Flieger (2020) intends to apply a quantitative measurement of local government networks and hypotheses testing. With reference to both studies, we would also recommend the investigation of how different levels of collaborations in clusters, technology parks, and local governments translate into the performance of the enterprises and public organizations involved. Synthesizing his research on CSR practices in European companies, Kowalczyk (2020) proposes the continuation of the investigations to explore the relationships between these practices and enterprise performance as well as national cultures. The recommendations to check causalities between sustainable growth practices and enterprise performance might also be relevant as a follow-up of the study in the food industry by Kurzak-Mabrouk (2020). A prospective avenue for future studies would be to test empirically the author’s model of implementing sustainable growth in relation to economic outcomes. This chapter has systemized the major characteristics of New Industrial Policy, pointing to its theoretical foundations, distinct nature, and major research areas. Ultimately, it has discussed the contributions from the chapters in this volume, both to their specific research areas and to the on-going challenges of industrial policy. We are in the emerging but rapidly growing phase of revitalizing industrial policy, where research has to accelerate to come up with empirical advancement. Even more importantly, we expect this research to demonstrate explanatory and predictive capacity, thus enhancing practice. We believe that this volume provides relevant support to these on-going efforts.
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Ujwary-Gil, A., & Gancarczyk, M. (Eds.). (2020). New Challenges in Economic Policy, Business, and Management. Warsaw: Institute of Economics, Polish Academy of Sciences.