Several theoretical approaches to explaining economic growth focus on externalities arising from interactions between economic agents. A frequently discussed source of such externalities is regional diversity of the industry structure. A large number of empirical studies support the argument...

Purpose: To address the challenges regarding the concept of Industry 4.0 and the diversification methodology and based on the strategic guidance towards Industry 4.0, we propose a process model as a guiding framework for Industry 4.0 collaborative diversification vision, strategy and action...

Human resources management (HRM) as a function providing organizations with workforce and thus assisting the achievement of organization’s business strategy is an inevitable element of contemporary organisation’s arrangements. Passing through different stages from conventional one to...

The assortment of winesproduced in Moldova iscurrently dominated by cosmopolitan varieties, mainly of the French. Global wine market study hasshownthat consumers are more attracted to wine-surprise, unknown. In this context many countrie shave resorted to valorisation of indigenous varieties and...

The literature in economic geography has recently shown a growing interest in the path dependent transformation of regional economies. According to evolutionary accounts, the development of regional economies can be regarded as a result of technological branching processes, where the development...

Diversification possibilities enable investors to manage portfolio risk and decrease exposure to it, in order to prevent their portfolios from losing value. Well-diversified portfolio is the one that contains different asset classes with low return’s correlations. Essentially, portfolio...