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

Adam Sofronijević | Zendy; Vesna Milićević | Zendy; Bojan Ilić | Zendy

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

Author(s) -

Adam Sofronijević,

Vesna Milićević,

Bojan Ilić

Publication year - 2014

Publication title -

management journal of sustainable business and management solutions in emerging economies

Language(s) - English

Resource type - Journals

eISSN - 2406-0658

pISSN - 1820-0222

DOI - 10.7595/management.fon.2014.0015

Subject(s) - competitive advantage , business , creativity , smart city , internet of things , process management , knowledge management , industrial organization , computer science , marketing , computer security , political science , law

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

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