SCIENTIFIC RESEARCH AND INNOVATION - DECISIVE FACTORS OF BUSINESS PERFORMANCE
SCIENTIFIC RESEARCH AND INNOVATION - DECISIVE FACTORS OF BUSINESS PERFORMANCE

Summary/Abstract: Knowledge, science and information have become powerful driving force that stimulates human and material potential. Therefore creating a society with an economy based on high performance knowledge and ensuring sustainable human development is inconceivable without the contribution of these important subsystems of human capital. Research and Development like autonomous activity, but interdependent with activities from society, represents a systematic and creative activity to increase the amount of knowledge, including knowledge of man, culture and use this knowledge for new applications. According to the methodology set out in the OECD Frascali Manual, performance areas of research and development activities are presented as follows: government performance area; higher education performance area and the non-profit performance area. It will be present an analysis of the: main indicators of research and development units in Romania in the period 1990-2009; total expenses of research and development, by areas of performance and funding sources and research and development expenditures from external sources.

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