Smart City as Framework for Creating Competitive Advantages in International Business Management

Authors

  • Adam Sofronijević University of Belgrade, University Library “Svetozar Marković"
  • Vesna Milićević University of Belgrade, Faculty of Organizational Sciences
  • Bojan Ilić University of Belgrade, Faculty of Organizational Sciences

DOI:

https://doi.org/10.7595/management.fon.2014.0015

Keywords:

Smart City, Competitive Advantage, International Business Management, Creative City, Internet of Things, Information and Communication Technologies

Abstract

The paper presents the essence of the Smart City concept and opportunities for the creation of competitive advantages arising in the framework generated by this concept. Various elements of a Smart City are analysed and related to different options for economic growth and business innovation improvement. Possibilities arising from networking and clustering in Creative Cities are listed along with some details of advantages provided by a symbiosis of information and communication technologies and creativity to companies operating in such environments. Managerial aspects of the Internet of Things are presented and identified as a basis for the Smart City outlook, but also as a major prospect to develop certain business opportunities leading to competitive advantages for companies operating out of smart cities.

Author Biographies

Adam Sofronijević, University of Belgrade, University Library “Svetozar Marković"

Adam Sofronijević is a management engineer – master and works at the University Library ‘’Svetozar Marković’’ of the University of Belgrade. He has written chapters in several scientific monographs and a large number of scientific and professional papers in the fields of librarianship, management and IT in national and international journals. He participates in activities of the Association of European Research Libraries. Adam Sofronijević has many years of managerial experience in the area of creative industries and digitization.

Vesna Milićević, University of Belgrade, Faculty of Organizational Sciences

Dr. Vesna Milićević is professor at the Faculty of Organizational Sciences of the University of Belgrade where she teaches at the courses in the areas of economics, management and international business. She is the author or co-author of a number of monographs, textbooks and articles in national and international scientific and professional journals. Vesna Milićević is an elected member of the Scientific Society of Economists of Serbia. She has participated in strategic scientific & research projects and in projects and management training in companies.

Bojan Ilić, University of Belgrade, Faculty of Organizational Sciences

Dr. Bojan Ilić is professor at the Faculty of Organizational Sciences of the University of Belgrade, both an economist and engineer of information systems. He received his MSc and PhD degrees at the Faculty of Organizational Sciences in Belgrade. He is the author of two monographs, the co-author of several books. He has published many scientific and professional papers in the areas of economy, IT and management in the country and abroad. Bojan Ilić is an elected member of the Scientific Society of Economists of Serbia.

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Published

2014-07-14

How to Cite

Sofronijević, A., Milićević, V., & Ilić, B. (2014). Smart City as Framework for Creating Competitive Advantages in International Business Management. Management:Journal of Sustainable Business and Management Solutions in Emerging Economies, 19(71), 5–15. https://doi.org/10.7595/management.fon.2014.0015

Issue

Vol. 19 No. 71 (2014)

Section

Articles

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