Original scientific paper
Influence of Digital Media and Knowledge Management on The Effectiveness of Management Within More Efficacy in Acceptance of Changes in Legislative Framework
Branimir Dukić
orcid.org/0000-0002-4821-7327
; University of Osijek, Faculty of Economics, Osijek, Croatia
Stojanka Dukić
; Dux Mission, Ltd. Osijek, Osijek, Croatia
Goranka Majić
; Kruna 2011 Ltd. Zagreb, Croatia
Abstract
The beginning of the new millennia introduces big change within growth of dynamics and amount of business, caused by new technologies and media development. These evolutional changes and growth of business dynamics result in an increase of demand towards the management, not only in precision, but also in velocity of making decisions. Manager has a professional obligation to keep a record of all market related information, internal and external. Apart from that, contemporary management becomes more and more aware of the necessity to accept information from non-economic environment, including legal framework, government policies, as well as political and social circumstances of doing business. Furthermore, considering the extent of business, management often needs to understand not only domestic political and social circumstances, but foreign as well. However, the problem also lies in a dynamic legislative framework, inclined to frequent amendments changes, such as the one in The Republic of Croatia. Considering these assumptions, it is important to investigate how much and in what way constant legislative changes affect the management in Croatia. It is important to consider the time needed for decision-making and how and to what extent could digital media provide support in accepting these changes in a manner, which has both quality and velocity, especially related to the aspect of quality knowledge organization within the Knowledge Management.
Keywords
management; digital media; Knowledge Management; legislative framework; information and communication technology
Hrčak ID:
254109
URI
Publication date:
31.12.2020.
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