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Abstract: Strategic perspectives of sustainable development are considered and discussed. The concept
of environmental sustainability is addressed and its relation to sustainable development is discussed. By
undertaking mathematical calculations and geometrical axioms, this study shows a different approach in
regional development based on various settings between three fundamental concepts: Education +
Research- Innovation + Entrepreneurship. The Triangle of Knowledge (ToK) is defined using the above
three fundamental concepts. The Triangle of Knowledge refers to the interaction between education,
research-innovation and entrepreneurship, which are key drivers for the Knowledge-Based-Society
(KBS). This concept relates to the need to pay attention on an equal basis to the three factors on a
systemic and continuous way. Particular contribution to the Triangle of Knowledge is attempted, through
the introduction of Excellence within the proposed Equilateral Triangular Model Approach (ETMA). A
new performance index is defined, the Excellence Performance Indicator (EPI) and used on this new
proposed methodology of ETMA. A number of simulation runs using ETMA and the Triangle of
Knowledge(ToK) is performed and a number of interesting results are obtained and discussed.
Keywords: sustainable development, economic models, triangle of knowledge (ToK)
1. INTRODUCTION
Nowadays it is recognized that we are immersed in a Collaboration between companies and public research and
Knowledge- Based Society (KBS) in which the knowledge academic institutions, through the formation of regional and
generation is becoming an added value to the economy and intra-regional clusters of excellence
the society of a country. It is not strange to say that the Support and enhancement of research and innovation within
greater the capacity of a country has in generating new SMEs and access to research and technology outcomes of
knowledge the more advantageous its economic and social public institutions
respect for other competitors. In fact a country’s economic Regional, trans-national or inter-regional forms of co-
growth is largely been driven by the pursuit of scientific operation that aim to introduce partnerships within research
understanding and continuous technological innovation. fields of high priority
As technological and new industries are becoming more Support of research capabilities, such as research
sophisticated, universities, research centers and scientific – infrastructure, human capital, IT and Telecommunications
technological parks are playing an ever more important role and others within scientific areas that boost development
in the processes of research, invention, innovation and This paper will begin its elaboration by examining the field
commercialization. A major part of a strategy for all of economic development and mentioning its some important
countries, regardless of geographic borders must be the models. By addressing some key concepts and considerations
development of regions, through initiatives which will regarding economic growth and development, it will also
eliminate inequalities in the periphery and will provide identify the trends within regional policy and its main
citizens and communities with a satisfactory level of welfare. directions. Further on, sustainable development will be
To mention a few strategic perspectives: investigated, in terms of social, economic and environmental
sustainability. A geometric approach to sustainable economic
The development of effective Strategic Business Networks growth will be proposed and the reader will be introduced to
(not individual Strategic Business units) the concept of the Equilateral Triangular Method Approach
(ETMA). Particular emphasis will be given onto the driving
Encourage collaborative advantage (not competitive).
Competitive strategies create win-lose scenarios, often forces of research-innovation, knowledge-education and
competing for a share of the same pie. Collaborative entrepreneurship and their inter-relationships within a
geometric developmental perspective. The ETMA approach
Strategies encourage win-win situations through symbiotic
will be then linked with the concept of Excellence (Aristia, in
relationships. Knowledge grows and the pie gets bigger for
Greek), where specific examples will be analyzed and
all.
presented through geometrical axioms and mathematical
calculations. The concept of the Triangle of Knowledge
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3.1 Knowledge-Education
Fig. 2. ETMA for Sustainable Development
Knowledge does not constitute luxury or property of the few.
What kind of knowledge should transfer the education? The
Knowledge of the 21stcentury is the combination of the rapid
development of science and technology, which will form the
basic component of the future society. Biotechnology,
Genetics, Information technology, Nanotechnology, Energy,
etc., are the obvious sources of the scientific knowledge
which are produced and will continue to be produced in
laboratories of the Universities and/or the Research Institutes.
These sources result in the conversion of this knowledge into
"product" and services disposal for transaction. Education is
a complex term that transfers the Science and the empirical
Knowledge that involves the questioning and the percolation
of cognitive data, the study of philosophy and the ideologies
and achievements of the art. In other words, Education
Fig. 3. The ETMA, emphasizing the Research-Innovation and encompasses the culture which "gives birth" to visions as
Entrepreneurship components. well as targets for achievement.
The above Fig. 3 shows the base of the triangle -education – Education constitutes a major necessity for the 21st century’s
as the weak factor. It can be shown that the entire triangle society, concerning the development and the predominance
could easily become unstable. A neglected Knowledge and of a human-centered developmental model. An educational
Education component could not feed the factors of Research- system, which secures the transfer of knowledge and at the
Innovation and consequently Entrepreneurship with a vital same time, shows to students the necessity of research. It
level of human resources. It is also apparent that minor- also introduces people into the world of ideas, visions, and
levered Education could not be a robust base for values (freedom, justice, self-respect, respect for the others,
entrepreneurship in any level for any country. Therefore, it is altruism, charity) that leads them to the Platonic virtue and
clear that the situation described above, cannot be sustained provides the Education.
in the long run with many negative impacts on the economic
development of a country.
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triangle is equilateral. The area decreases and depends on the defined as the Triangle of Knowledge (ToK) based on
actual sizes of each side. It becomes the smallest when one excellence. Furthermore, we provide the following geometric
side predominates: case 4 a=50, b=74, c=26 and in case 11 axioms.
a=74, b=c=38. In other words the development decreases by
more than 70% in both cases. Axiom 3 (Theorem of Archimedes)
Given the three sides of a triangle, a, b and c there always
5. PERFORMANCE INDICATORS OF COMPLEX
DYNAMIC INNOVATION SYSTEMS, BASED ON ETMA
E
exists a in-circle of radius r and is equal to r
Complex innovation systems are dynamic and many of their
properties emerge from the interactions among the entities in where E is the area of the triangle and τ the semi-perimeter
them. They also have a propensity to exhibit power law or
scaling correlations between primary measures used to Axiom 4
characterize them. A complex dynamic innovation system is
Given a triangle there always exist an in-circle which is
composed of individuals and organizations that directly and tangent to all the three sides and it always has its center at the
indirectly invest time and energy in the creation of new
intercept point of the angle bisectors.
scientific and technical knowledge. This “knowledge” flows
and recombines in complex ways. Axiom 5
Observers of complex dynamic innovation systems, for Given the three sides a, b and c of a triangle ABC, the area of
example, national systems of innovation, frequently make the in-circle (A=πr2) is maximum when the triangle is
comparisons. Invariably they aggregate individuals into equilateral, in other words when a=b=c.
groups or collective entities such as countries, institutions,
departments, and companies. They use quantitative and Axiom 6
qualitative measures of the inputs, outputs and processes of
Given the three sides a, b and c or a triangle the ratio of the
these “entities” to construct performance indicators that are
area (A) of the in-circle to the area E of the triangle is the
used to inform governments and/or decision makers.
largest, thus it has the maximum area E, only when the
For example, performance indicators such as national wealth triangle is equilateral, when a=b=c.
(GDP per capita), R&D intensity (GERD/GDP) and scientific
Axiom 7
impact (citations/paper) are used to compare innovation
systems. These indicators are derived from the ratio of Define a new performance indicator as follow
primary measures such as population, GDP, GERD and
pares. Frequently they are used to rank members of an EPI A / E (3)
innovation system and to inform decision makers.
where EPI: Excellence Performance Indicator,
A: Area of incircle
E: Area of the triangle
Using the above axioms and the data for the triangle table 1,
the following results are obtained.
Table 2. Excellence Performance Indicator (EPI) based on the
concept of the In-circle of a triangle
Area of In- Area of in- Excellen
Case Triangle, circle circle ce
E (m2 ) Radius A (m2 ) Performa
(r) nce
Fig. 5. The Triangle of Knowledge based on Excellence Indicator
(EPI)
Considering as a performance indicator the area of a triangle, 1 1082.532 14.434 654.5205 1
we showed above both from a theoretical perspective as well optimal optimal
as through a simulation run, that the maximum benefit is 2 992.157 13.229 549.7989 0.84
obtained when the triplex (Education + Research – 3 649.519 8.66 235.6056 0.36
Innovation + Entrepreneurship) is formulated in an 4 303.109 4.041 51.3012 0.0784
equilateral triangle balance. Now, one more notion is added, 5 866.025 11.547 418.8786 0.64
that of Excellence (Aristia, in Greek) as an in-circle within 6 1006.4 13.416 565.4523 0.8639
the triangle presented on Fig. 5. This formulation has been
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7 992.157 13.229 549.79889 0.84 theoretical results clearly demonstrate that maximum
8 677.772 9.037 256.5656 0.392 performance of any organization, that uses the triptych E+R-
9 649.519 8.66 235.6056 0.36 I+E, is obtained when all sides of the triangle are equal. This
10 556.215 7.416 172.7783 0.264 is even more evident when using the Excellence Performance
11 320.429 4.272 57.334 0.0876 Indicator. These results demonstrate the need for a country to
adapt policies and steer mechanisms with the objective of
Based on axioms 4, 5 and 6 and the simulation results of
encouraging interaction between Universities, Research
table 2, a number of interesting observations can also be
Institutes, Innovation and Science Parks, Business and
made:
“Public Bodies” within the triangle of knowledge, as defined
The Excellence Performance Indicator EPI=A/E is in this work, and having as back bone the concept of
maximum=1 when the triangle is equilateral (case Excellence (Aristia).
1: a = b = c = 50 units each)
In order to further analyze and explore the usefulness of the
The Excellence Performance Indicator [EPI] is ETMA concept, more simulation studies must be performed
always less than 1 for all other cases. especially by employing sets of real data.
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