How can Lithuania move to a new knowledge economy

Abstract

New methods of strategic management and competitiveness-boosting networking based on knowledge management are presented in the article. The article shows how the general trends of the global knowledge based economy can be adapted to conditions of Lithuania. Special attempt is made for analysis of local business problems and solutions which are relevant to Lithuania in the context of knowledge and globalization. In this context special attempt is made for developing new business strategies which play roles of key drivers in moving Lithuania’s economy towards radical knowledge-based economic changes. The paper attempts to make proposals for generating and effective use of synergy effects through establishing science& technology parks, business incubators, transport hubs and innovation centers in Lithuania.