The ageing population has become one of the major issues, with manifold consequences upon the economic welfare and elderly living standards satisfaction. This paper grasps an in-depth assessment framework of the ageing phenomenon in connection with the labor market, with significant implications upon economic welfare, across the European Union (EU–27). We configure our research on four distinctive groups of the EU–27 countries based on the Active Ageing Index mapping, during 1995–2018, by acknowledging the different intensities of ageing implications on economic well-being from one group of countries to another. The methodological endeavor is based on Structural Equation Modelling. Empirical results highlight that the ageing dimensions and labor market productivity notably shape the socioeconomic development of EU countries, visibly distinguished across the four panels. The economic development induced remarkable positive spillover effects on the welfare of older people, under the influence of the ageing credentials and dynamic shaping factors. Our research advances the literature underpinnings on this multifaceted topic by investigation made on specific groups of the EU countries and distinctive strategies proposed for each group of countries, as effective results for improving the well-being of older people. Constant policy rethinking and adequate strategies should be a top priority for each specific group of EU countries, to further sustain the ageing phenomenon, with positive implications mostly on elderly welfare.
Purpose: This article intends to identify, understand and explore the challenges and critical success factors (“CSF”) arising from implementation of new technologies in Romanian companies. We conduct a cross-industry partially explanatory, partially exploratory research focusing on 3 business cases whereby innovative technologies such as automation software, industrial robots and continuous steel melting through the use of electrical cauldron have been implemented. Research Methodology/Design: We have used a case study approach. We’ve reviewed and mapped the existent academic literature on the subject matter, we have conducted interviews with business stakeholders, we have traced the identified challenges and CSF’ and measured their occurrence in relation to the case studies. Findings:The results suggests that there are several pervasive challenges such as conflicts among the stakeholders, no management and/or employee buy-in, value misalignment and resistance to change that if appropriately mitigated can lead to successful outcomes. We’ve also identified a number recurring critical success factors that can ensure the effective implementation of the new technologies such as management buy in and understanding of value proposition. Research limitations/implications:The current study further extends the existing research on challenges and CSF related to the implementation of technologies from the standpoint of innovation theory. Practical Implications:The present article further expands on the exploration research performed so far on challenges and critical success factors related to the implementation of new technologies taking the scholarly research and validating the findings in the real business world. Originality/value: The current research study provides practical evidence using cross-industry occurrence-based validation testing to indicate the challenges and critical success factors related to the implementation of new technologies in Romanian companies. It adds to the exploratory research on technology transformation as it pertains to jurisdictions that, more often than not, are outside the research radar.
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