Chourides, Pieris

Purpose: The purpose of this research study was to examine the correlation, if any, between knowledge and performance management and associated strategies employed by today's organizations to increase stakeholder and shareholder value. Design, methodology: Each strategy was individually examined using the quantitative causal method research design in order to examine the relationship/correlation of the level of knowledge and performance activities within participant organizations, and then collaboratively examine their inter-relations. The independent variables and the dependent variables vary in each correlational research questions. Findings: The findings endorsed that effective use of organizational explicit knowledge and efficient performance are practices worth doing. Correlations between knowledge and performance and innovation and value added were found to be relatively strong. A moderately strong predictive correlation between effective implementation of knowledge strategy and performance was also found and presented, and similar findings showing a moderately strong predictive correlation between effective implementation of performance strategy and innovation are also established and shown. Practical implications: Organizations can increase and create vital added value to both stakeholders and shareholder members by implementing effectively a holistic approach as an integrated part of routine practices that enhances knowledge creation and exceptional performance, which will contribute to superior results - tangible and intangible ones. The practical implications of this research will contribute to the academic discipline of knowledge and performance management. Paper relevance: This paper will contribute to the debate regarding the linking of knowledge and performance management. Further, this paper will contribute to the in-depth analysis/discussion of the importance of knowledge in innovation and velocity management.

The recent discovery of hydrocarbons, in large quantities, in Cyprus has brought to the surface, fundamental issues dealing with previously unknown and unchartered, locally, territories. In a sort time, Cyprus will have to transform itself, from a services oriented economy to a hydrocarbon producing and trading economy. The local energy storage industry comprises of small energy storage facilities (7 companies) in a congested area. The plan for the next five years, includes the construction (some of it has already been done) of big energy producing and storage facilities. By default some—if not all—of the existing safety officers and workers, will be part of the new era. The aim of the study was to measure a number of parameters that make up safety culture. In particular—based on previous literature—parameters such as the existence of safety policies, safety performance, safety climate and other were measured with the use of a survey tool in the form of a questionnaire.