There is robust evidence indicating that human capital drives economic growth and that social capital contributes to the attainment of the Lisbon goals for a competitive and knowledge-based economy. On the basis of this premise, the project TOK-TOC 1242R4 studies the degree to which national and regional policies enhance the adaptability of human capital to new entrepreneurial transfer conditions. In addition, TOK-TOC focuses on effective practices and models that could be applied in transferring know-how from the ageing workforce to younger generations of employees across partner regions.
The overall aim of the project TOK-TOC is to empower the ageing workforce and its successors with the skills and capacity needed in accomplishing business transfer sustainability. TOK-TOC will highlight the policies supporting life-long learning and human capital mobility across partner regions. Emphasis will be given in applying intelligent tools in human capital training. TOK-TOC will reinforce the involvement of local authorities in the business transfer process. The 6 project partners of TOK-TOC will collaborate with local authorities in order to bring together policy makers and local entrepreneurs. TOK-TOC is expected to strengthen SME development and local employment (www.stiglitz-senfitoussi.fr/ documents/rapport_anglais.pdf).
Moreover, TOK-TOC will outline the actions and activities adopted by regional and local stakeholders supporting life-long learning strategies across all levels of entrepreneurship. TOK-TOC will tap at least seven fundamental aspects of SME-transfer related to the ageing-workforce. These are the following:
(a) how the aged workers acquire new knowledge and skills;
(b) how the labour market reacts towards the aging workforce;
(c) how the aging workforce transfers knowledge, know-how, and experience to its younger successors;
(d) how local communities can support SME transfer;
(e) what policies must be developed in order to support SME transfer;
(f) what are the practices that have had a measurable and robust impact on SME transfer;
(g) how life-long learning programmes could support human-capital transfer during the SME transfer process.
The main goals of the project TOK-TOC are:
-Exploration of the knowledge and experience dimensions of the ageing workforce’s knowledge that needs to be transferred to its younger successors in order to achieve SME transfer sustainability;
-Design of a model supporting the transfer of knowledge, skills, and competences during SME take-over;
-Pilot testing the planned model by involving aging workers, younger successors, and local stakeholders in two regions;
-Development of policies that support knowledge-based business communities and foster competiveness and innovation;
-Employment continuation and steady economic growth.
The above mentioned aims and goals will be achieved through a series of concrete actions and activities, including the identification of best practices, the exchange of ideas and sharing of effective policies supporting business transfer. TOK-TOC’s partners will operate under a continuous sharing of information through interregional workshops and study visits, the development of a platform monitoring business transfer, the analysis of transferability across different social, legislative and economic environments, the continuous sharing of information with interested stakeholders throughout the EU through a multilingual portal, and the systematic release of information about TOK-TOC’s progress through e-Newsletters to all participants. TOK-TOC’s targets, goals and outcomes will be depicted in printed brochures, posters, and videos.
The overall aim of TOK-TOC is to provide the ageing workforce and their successors with the skills and capacity needed in transferring successfully entrepreneurial functioning through the development of innovative solutions and the active involvement of local authorities. The general objectives of TOK-TOC are:
-To enhance the involvement of local authorities in supporting successful transfer of businesses, thus promoting a major source of job creation and sustainable growth;
-To support the improvement of economic performance through greater adaptability of the labour force to changing technology;
-To equip young and aged workers with the knowledge, skills and competences in order to succeed in the knowledge-based society;
-To explore the knowledge and experience of the ageing workforce.
The specific objectives of TOK-TOC are:
-To inform local and regional authorities about the importance of information, knowledge and competence for human capital adaptability in business transfer;
-To identify good practices of business transfers with an emphasis on knowledge transfer between generations, data for actions supporting business transfer, identification of success factors for support schemes, evaluation of existing support schemes against the success factors, identification of activities matching those factors, description of successful schemes making transfers easier;
-To promote examples of good practices across partner regions and local industry sectors;
-To develop concepts for new support schemes: identification of actions and activities which can be improved, use of knowledge across partner regions in order to improve existing support activity, development of ideas for new support schemes;
-To establish of a sustainable exchange platform on the importance of human capital in business transfer procedure leading to further joint activities and cross-border projects among partners;
-To identify the transferability of selected identified best practices in different social, legislative and economic environments among project partners;
-To create a transferable, sustainable model based on the experiences and the good practices of more advanced partners;
-To enhance least advanced partner instruments and policies, including management plans, financial tools, age management concept, training methods, activation of youth entrepreneurship, etc;
-To pilot test and evaluate the Model in order to propose a final concrete product ready for implementation at EU level together with sound policy recommendations.
Partners from different EU Member States (Greece, UK, Netherlands, Spain, Bulgaria, Latvia, Romania and Germany) are going to work together on a shared regional policy issue which is to improving the effectiveness of regional development policies by enhancing human capital capacities in business transfers through exploring the parameters which burden the successful transfer of knowledge from generation to generation for the successful transfer of businesses and therefore to contribute to the local labor market and finding ways to create more and better jobs. This project involves professionals, local policy and decision makers and build on the experiences gained by the partners. It focuses on the exchange of experience and on the identification, analysis, and dissemination of good practices in the policy area tackled. In addition, it will develop pilot actions / development of new approaches such as the implementation of municipal services for business transfers and entrepreneurs’ mentoring