UACS Collection of Abstracts 2011 - University American College ...

KeywordsJEL classification M20, M29, D8.environments and how public policy can and should adapt all are crucialissues. Today, we are living in a chaotic transition period to a new agedefined by global competition, faster flow of information andcommunication, increasing business complexity, and pervasive globalization.The pace of change has become so rapid that it took a different type of firmsto be dominant and marked entirely new era of business. The shift toknowledge as the primary source of value makes the new economy led bythose who manage knowledge effectively – who create find, and combineknowledge into new products and services faster than their competitors.Knowledge‐based economy has created a new discipline of economics. Vastquantity of information and knowledge has been concentrated incompanies. Nowadays, each company collects and develops knowledge, andrepresents a learning organization. It is for this reason that a new disciplinehas been developed – knowledge management. The actualization of the"knowledge factor" as a solution to the general problems of economicgrowth is a very important and controversial subject of economic policies inmany countries.This paper aims to provide empirical and theoretical analyses of issuesrelating to creation and use of knowledge in the knowledge‐based economy.First, we provide some theoretical argumentations. Then, we discuss aboutknowledge policy as a main strategic tool for achieving growth andcompetitiveness in the European Union. Last, but not the least, weinvestigate the past and current situation on this matter in the Republic ofMacedonia and then the paper ends with some suggestions for improving itsfuture situation.Knowledge creation, Economic growth, Management knowledge, GlobalCompetitiveness Index.Author(s)Journal of paperappearanceConference of paperappearanceTitle of the paperAbstractSnezana HristovaOman International Business Conference, College of Commerce& Economics,Sultan Qaboos University, Muscat, Sultanate of Oman, February 2011An Investigation Into The New Product Life Cycle: Success Or FailureLaunching new products to market quickly and successfully is a prerequisitefor acquiring a competitive advantage. In this paper, the New productdevelopment (NPD) process has been discussed in the context of weighingand predicting the success in innovation and development of new products,as well as delivering the appropriate strategy for the product life cycle. Themain question of this research paper is what makes a new productsuccessful. It provides a vital insight into the factors that separate successfrom the failure of the innovated products. Therefore, it reviews the findingsof theoretical and empirical work into the success factors of new productdevelopment. It is the prime objective of this paper to summarize the mostimportant findings in a compact and structured way. In addition,shortcomings of previous empirical work on NPD success factors will be41