Synopsis: Entrepreneurship: Economics:


MIT_embracing_digital_technology_a_new_strategic_imperative_2013.pdf.txt

including free content from publications like The Economist. It sounds simple, but as Brotman says

economy and our leadership in business transformation and organization change


National Strategy on Digital Agenda for Romania.pdf.txt

WARN-Count in xref table is 0 at offset 4779326 National Strategy on Digital Agenda for Romania

Appendix 6 †List of stakeholders Involved in Digital Agenda for Romania 2014 †2020.162

the economic growth and increase competitiveness in Romania, both by direct action and support of development of effective Romanian ICT and through indirect actions such as increasing efficiency and

Within 2001-2008, the Romanian economy expanded by an average of 5-6 percent per year, representing one of the fastest growth rates in the

pursued as Romania†s vision of the ambitious program that will drive the economic growth and increased

economic growth. These 4 fields of action are summarized as follows ï Field of action 1-egovernment, Interoperability, Cyber security, Cloud computing, Open Data

economy of about 5%of GDP grow and 1%in terms of jobs ï Field of action 2 †ICT in Education, Health, Culture and einclusion †support at a sectorial level that

comparative advantages of regional Romania and supports economic growth in the private sector The implementation of the measures of the field of action 3 will generate in the period 2014-2020

an estimated impact on the Romanian economy of approximately 3%increase at the GDP level and

indirect impact on the economy, calculated in accordance with good practice observed in other European countries who have made similar investments may be translated into GDP growth by 13

economy Objective 2020 EU Targets RO Targets Current situation RO Covered by broadband 100%by 2013 100%by 2020 90.0%(2013

2020, which targets to reboot Europe's economy and help Europe's citizens and businesses to get the

the economy and its growth an important role for the development of Romania, both in purely

convergence of short-term and long-term strategies for all the stakeholders involved in the governing act were necessary in order to align all the aspects of their respective approach and form a cohesive structure

For each line of action a detailed description of context, stakeholders and responsible actors, dependencies, actions and timelines can be found in the chapter dedicated to each Field of Action

Ministry of Economy support ICT in ecommerce %SMES which receive orders online Page 24 of 170

Ministry of Economy support Ministry of Public Finances support Ministry of Labor (support Support from an ICT prospective of

Ministry of Economy support Ministry of Public Finances support Ministry of Labor (support Improve the access to the online

Ministry of Economy support Ministry of Public Finances support Ministry of Labor (support Support for the development and

Ministry of Economy support Ministry of Public Finances support Ministry of Labor (support Preparation of a regulatory

Ministry of Economy support Ministry of Public Finances Page 25 of 170 European union. support Ministry of Labor (support

Ministry of Economy support Ministry of Public Finances support Ministry of Labor (support Promotion of the competitiveness

A sustainable, transparent and visible economy is the only way to ensure that Romania will

bridge the gap with other EU economies and reduce as much as possible disparities in terms of living standards Examples:

From a tactical perspective, based on consultation with the stakeholders in Romania (both in terms of citizens/private business as well as public sector representatives), the following table summarizes the

average growth of ICT employment in Romania (7%year on year growth) before the economic downturn

ICT contributed to GDP growth in all economies, but productivity was increased mainly within the developed economies and based on the below indicators Romania needs to improve the overall growth in

employment Source: The Impact of ICT on Growth in Transition Economies, Marcin Piatkowski, Warsaw 2004

More information pertaining to detailed indicators of Romanian economy can be found in Appendix 1 â€

Romanian Indicators Roadmap for the Digital Agenda in Romania Taking into account all the factors and the principles listed above,

Direct and indirect impact on the economy calculated in accordance with good practice observed in other European countries who have made similar

economy value expressed through the Gross domestic product Also, the calculations performed both for the estimation of the future investments

the economy, were performed starting from and considering the methodology published by the European Commission for the performance of such calculations

the major obstacles regarding the economic growth and employment egovernment Approach in Romania Public services and their efficiency are considered to have a significant impact on the economic and social

This will create the conditions for economic activity based on open data and will stimulate cross-border applications

ï increase the productivity of all sectors of the economy through improved business intelligence ï more adequately address many of the challenges that face our societies

entailing a new specialization when the economy of a country Page 69 of 170 provides other possibilities and development of entrepreneurial sense related to the professional

identified and supervised within the project Knowledge Economy Romania 2. Education by extracurricular activity based on ICT

These aspects put an enormous pressure on the economy and the social system. Personal lifestyle and environmental impact factors are the most significant risk factors

creational cultural industries and a way to stimulate the creative economy and to promote the cultural

available online is a win-win for culture, economic growth and individual fulfillment 3. 3. 3 National context

and also between these cultural institutions and other stakeholders Stakeholders Responsibilities The European commission ï Monitors progress towards the implementation of the

Commission's Recommendations ï Facilitates the exchange of information and good practices of MS policies and strategies

2020, the estimated impact on the Romanian economy would be of 5%growth in terms of GDP and 1

online is a win-win for culture, economic growth and individual fulfillment. By combining policy, research

within this communities had the opportunity to be part of a new knowledge-based economy, through a

increase significantly, even in the context of the actual economic crisis. In 2013,30%of people living in

Europe estimates the share of the European Internet economy at 3. 5%,a percentage that is set to double

economy as a result of outsourcing According to the study developed for Romania, ITC indicated the highest development in the Bucharest

technicians/engineers, economists accountants, etc. shall be appointed by MCIS-PIU to audit the physical and financial scope of the

ITC indicators Specific to Romanian Economy Indicators 2011 2012 Number of enterprises 14595 15726 Average number of employees (thousands individuals) 128,0 131,2

of enterprises with economic activity %4. 1%3. 6 %Share of turnover of enterprises with main activity of editing software products and

service activities in information technology overall the turnover of economic activity %1. 0%1. 1 %Source: http://www. insse. ro/cms/files/publicatii/Societatea%20informationala%202014. pdf

and in other sectors of economy pursuant to externalities ecommerce Based on the data supplied by Eurostat, the percentage of population aged between 16-74 years who

professors and economists (15%.%The proportions are almost identical in case of users using fixed connections, whereas the Internet users using mobile connections come significantly as well from

meeting of shareholders/sole shareholder decision 3. If applicable, obtaining a special power of attorney (authenticated) or

delegation for the persons delegated to fulfil legal formalities 4. Proves regarding the payment of

shareholders/partners/resolution of the sole shareholder to increase the share capital or to assign the shares

shall be submitted to the Office of Commerce Registrar to be mentioned and published in the Official Gazette

shareholders/partners/resolution of the sole shareholder and the updated Articles of Incorporation with all

updates, and the other documents supporting the application 4. 4 Registration with the Office of

The relationship between all the stakeholders involved in the Digital Agenda Strategy for Romania 2014 â€

ï§Evidence of stakeholder involvement and feedback from the targeted users requesting the initiative through the means of consultation

The methodology for evalution will have clear indicators on how the stakeholders of each project will be involved in evaluating the impact and the success of each program/project.

ï Relay the right messages to all the stakeholders ï Adopt a uniform description of the projects that will ensure the minimal amount of rework

ï Stakeholder analysis ï Impact analys is SWOT Analysis RACI Matrix Why What is need the

and public consultation will allow stakeholders and public opinion to be expressed, at the national level

APPENDIX 6 †LIST OF STAKEHOLDERS INVOLVED IN DIGITAL AGENDA FOR ROMANIA 2014 †2020


NESTA Digital Social Innovation report.pdf.txt

Society, economy, and even human psychology itself are undergoing an irreversible change, which we as citizens and

and economy solutions, such as crowdfunding for social good projects (104 The network analysis shows that although there are few very active organisations

the collaborative economy, cities and public services; open tools and distributed architectures; and citizen engagement and direct democracy

economic value is understood relatively well, yet its potential for solving large-scale social challenges remains largely untapped.

such as Avaaz and parts of the collaborative economy and the maker movement. Yet services that exist to help communities collaborate on problems that may not fit in tra

economy;( (4) new ways of making;(5) open democracy; and (6) acceleration and incubation. Crowdmapping DSI organisations and their activities:

Collaborative economy Awarness network Open Networks Open Knowledge Open Data Open Hardware Organisations M or

Collaborative economy Awarness network Open Networks Open Knowledge Open Data Open Hardware Organisations M or

the collaborative economy, local exchange and trading systems, digital currencies, and awareness networks that incentivise experimentation with new models in a variety of domains.

economic value, but that result in large -scale social impact. At the present mo -ment, the Internet offers unprecedented

involves society and the economy, driven by the fast evolution of ICT. More than five billion additional people will connect

with the multi-stakeholder governance model Avoiding anti-competitive dynamics and lock in would engage all particapents in the value chain

Health and Wellbeing, Finance and Economy, Energy and Environment, Education and Skills, Culture and Arts, Work and Employment, Participation and Democracy, Neighbourhood Regeneration, Science

Economy Open Democracy Funding Acceleration and Incubation The organisations and projects identified to date can roughly be grouped within

-racy,(3) The collaborative economy 4) Awareness networks enabling sustainable behaviours and lifestyles,(5 Open Access and (6) funding, accelera

The collaborative economy †and the many other umbrella terms used to describe the rise of digital marketplaces for people to make transactions and share skills, assets and

The Collaborative Economy has been documented by organisations like the P2p Foundation, Nesta, and Ouishare Across the world the burgeoning field of collaborative consumption is using digital

ECONOMY New collaborative socioeconomic models that present novel characteristics, and enable people to share skills, knowledge, food

Ouishare SHARING ECONOMY NETWORK Ouishare is a global collaborative consumption network founded in January 2012.

the focus of the economy to one that can find new ways to connect, create and share on the web.

two primary activities, Ouishare. net and collaborative economy events. Ouishare. net is an online community where members

which brings together the global collaborative economy community. The 2014 event took place in Paris

the collaborative economy In parallel thousands of alternative currencies are in use †some focused on localities

economies work †for example, valorising labour time equally, or linking currencies to data. In East Africa the development of M-PESA (a mobile financial payment system born

Goteo SHARING ECONOMY NETWORK A vibrant ecosystem of makers is developing across Europe and globally.

in real world settings with all relevant stakeholders: citizens, companies and scientific institutions One interesting example of an Urban Lab is the Barcelona Urban Lab. It was created

and sharing economy platforms likeâ Peerbyâ Â are creating new forms of relationships and services.

inclusive processes of decision-making amongst key stakeholders OPEN STANDARD BODYTHE World wide web Consortium (W3c The ability to access knowledge

commons-based knowledge economy. The project is a joint research effort sponsored by the Coordinating Ministry

Finance and Economy Energy and Environment Participation and Democracy Smart public services Science and technology Education and skills

Collaborative economy Awarness network TECHNOLOGY AREAS Open Hardware Open Networks Open Knowledge Open Data Arduino

Finance and Economy Energy and Environment Participation and Democracy Smart public services Science and technology Education and skills

Collaborative economy Awarness network TECHNOLOGY AREAS Open Hardware Open Networks Open Knowledge Open Data Arduino

-laborative economy and open knowledge is the specialty of the second largest †but also more scattered †community (7. 41

economy and society by complementing the telecommunications regulatory en -vironment, modernising copyright rules simplifying rules for consumers making

to help the EU economy become more competitive, based on sustainable and inclusive growth fuelled by energy and

democracy, and the collaborative economy These platforms based on open technol -ogy can gather and integrate information

agents (stakeholders in a broad sense including implementers and decision makers The Futurium platform is based on the

stakeholders in the poliy making process Besides the standard tools available in most social networks, Futurium participa

the Mayor has designed programmes for the sharing economy and citizen engagement. Colombia set up a centre

-ment and economic growth for the area of Barcelona35 69growing a Digital Social Innovation Ecosystem for Europe

new solutions to reduce unemployment and minimise its corrosive effects on the economy and society.

when it is perceived as fair by all stakeholders, seeking the right balance between the interests

Commission estimates the economic value of the PSI market at approximately â 40 billion per annum. The 2013 revision of the

economies. New forms of data control and data collective ownership by citizens should be encouraged. For instance, in the UK, the government backedâ Midataâ pro

therefore allowing for innovation in the wider economy based on the Future Internet users must be able to come (no barriers to entry)

engaging effectively in multi-stakeholder processes Distributed and open architectures Community and bottom-up networking 5. 3 RESEARCH AND INNOVATION SUPPORT

key stakeholders, such as domain experts and possible purchasers of the service to establish what social challenges need to be addressed and how

a. Collaborative economy b. Digital social innovation in cities and public services c. Open tools and distributed architectures

for cities, regions, health authorities and universities to pilot large-scale DSI experiments around collaborative economy, direct

Within the single digital social market it should be easier for digital social innovations such as collaborative economy and crowd

/making-sense-uk-collaborative-economy Manchester Institute of Innovation Research Compendium of Evidence on Innovation Policy


new_technology_mobile.pdf.txt

Joint Statement on Education and Training in the Information Economy. Retrieved February, 2008 from: http://www. mceetya. edu. au/pdf/infoeconomy2005. pdf


NHS Prescription Services - the impace of legacy ICT - National Audit Office UK 2013.pdf.txt

effectively, and with economy. Our studies evaluate the value for money of public spending, nationally and locally.

engagement with stakeholders regarding risk, cost, prioritisation and funding 1 ttp://www. nhsbsa. nhsh. uk/Prescriptionservices/809. aspx

to NHS stakeholders and the general public. For example, the Electronic Prescribing & Financial Information for Practices service (epfip) allows GP practices to interrogate

stakeholders and the general public (see paragraph 2. 3 12 Part Two NHS Prescription Services:

5. Amounts have been adjusted for inflation using the retail prices index Source: NAO analysis of Authority data

continue to take precedence without effective engagement with stakeholders such as the Department of health, and the NHS Commissioning Board, and the Channel

build a firm basis upon which to engage stakeholders and customers 5. 5 The best potential for accuracy and efficiency improvement appears to rest with

used to engage with stakeholders and map out plans to decommission the legacy system Adequate resources should

and contract management staff, technical stakeholders and representatives from suppliers ï Document review of ICT and contracting strategies, reviews of the ICT estate, technical

ï A workshop of key stakeholders where they self-assessed and scored themselves against the

to senior stakeholders and compared with self-assessment 34 Appendix Three NHS Prescription Services: the impact of legacy ICT

Key stakeholders have clear visibility of the level of risk exposure Implementation Lifecycle management The system is readily adaptable to changing business


OECD _ ICT, E-BUSINESS AND SMEs_2004.pdf.txt

This report was undertaken by the Working Party on the Information Economy (WPIE), and carried out in co-operation with the Working Party on SMES and Entrepreneurship.

which governments may draw in promoting innovative SMES in the global economy Graham Vickery and Ken Sakai, Inho Lee and Hagbong Sim of the OECD€ s Directorate for

economic growth, facilitates innovation, and promotes efficiency, network effects and positive externalities. The development of broadband markets, efficient and innovative supply arrangements, and

between all stakeholders is necessary to reach these goals. Of particular relevance for small firms are low

These are an increasingly significant part of economic activity and they offer important opportunities to small firms.

Strengthen cross-border co-operation between stakeholders and the development of rules with cross-border application

and economies have moved from concentrating on e -readiness and connectivity, to diffusion and use, and are moving towards mature e-business strategies

leading or lagging countries) and sectoral distribution of economic activity, as well as size factors 9 I. BENEFITS AND USE BY SMALL BUSINESSES

it still accounts for a relatively small proportion of economic activity for firms of all sizes

the whole economy (see OECD 2002b and 2002c. Purchasing over the Internet is more common than

important issue, especially for small offices in remote areas or emerging economies, where ICT services

economies (Box 4). Most OECD countries have a similar number of fixed telecommunication access lines

Box 4. Network infrastructure in developing economies For most developing economies the highest priority is to put in place the network infrastructure

and a competitive environment and regulatory framework that support affordable Internet access (Tigre and O†Connor, 2002

view, ADR advantages include speed, economy, flexibility and neutrality. It is also more effective for

Information Economy is a comprehensive on-line resource that is aimed at business people who want a

Austria Let†s e-Biz The on-line information source established by the Ministry of Economics and the Chamber of

economy. One focus is to provide training to a large number of SMES during the period

and economies have moved from concentrating on e -readiness, connectivity and awareness, to diffusion and use,

economic activity, as well as size factors 44 REFERENCES Baldwin, J. R. and D. Sabourin (2002), â€oeimpact of the Adoption of Advanced ICTS on Firm Performance in

Ernst & young (commissioned by the National Office for the Information Economy (NOIE) of Australia 2001), Advancing with E-commerce,(available at http://www. noie. gov. au

Industryâ€, The Journal of Industrial Economics, December, pp. 417-440 Heartland Information Research, Inc (2001), â€oee-Commerce†s Impact on the Travel agency Industryâ€

Ministry of Economy, Trade and Industry of Japan (METI)( 2001), White paper on Small and Medium

The Developing Economics, March, pp. 67-100 OECD (2001a), Science, Technology and Industry Outlook: Drivers of Growth:

OECD (2002c), Measuring the Information Economy, OECD, Paris OECD (2002d), â€oealternative Dispute Resolution (ADR) online mechanisms for SME cross-border

Mattersâ€, The Journal of Industrial Economics, December, pp. 541-558 Statistics Canada (2001), The 2000 Survey of Electronic commerce and Technology


Online services, including e-commerce, in the Single Market.pdf.txt

2. 1 Description of e-commerce in the economy...6 2. 2 The regulatory framework...8

one of the measures which can boost economic growth and drive forward the Internal Market of the 21st century.

studies, participation in conferences, interviews with stakeholders and the deliberations of the expert group on e-commerce etc

E-commerce and online services are some of the most significant innovations in the economy in recent decades and have precipitated an evolution in the legal framework for doing

2. 1 Description of e-commerce in the economy Online services play an increasingly important role in the everyday life of EU citizens.

grow substantially, even in the current economic crisis. It plays an important role in B2b exchanges as 27%of European enterprises purchase online and 13%sell online.

From a wider perspective, the internet economy has generated 21%of the GDP growth of the

24 How the Internet is transforming the economy, a series of studies by the Boston Consulting Group

in France since 2000.25 Overall, the Internet economy creates 2. 6 jobs for every job

stakeholders took the opposite view and identified the present copyright situation within the EU as a major barrier to the availability of content beyond the national borders and the

on economic activities. However, it is not possible to directly measure the share of employment, GDP,

the progress of online services in the European economy. Some data are available in private research institutes,

Private stakeholders can submit comments, thereby assisting the Commission and national authorities in identifying possible trade barriers at an early stage

Stakeholders, by means of the public consultation on e-commerce, indicated that these provisions are essential for the provision of intermediary activities.

"This stakeholder further stated that in the absence of liability exceptions, offering a video-sharing site would probably be too great a commercial

consultation on e-commerce indicated that a wide variety of stakeholders face a high degree of regulatory uncertainty about the application of the intermediary liability regime of the E

obstacles that have been raised by stakeholders, the interpretation of the Directive by national judges and the state of EU law.

but also by some ISPS and other stakeholders. The underlying argument is twofold •On the one hand, it is argued that it would not be legitimate

"Stakeholders sometimes defend a differentiated approach on the basis that the means by which actual knowledge can be obtained depends on the kind of illegal activity or

Some stakeholders who defend the first interpretation (actual knowledge can only be obtained through a court order) make an exception for child pornography or manifestly racist

stakeholders expressed concerns that ISPS would be reluctant to take voluntary measures to prevent illegality as this could make it more difficult to claim an absence of actual knowledge

117 Some stakeholders, in particular intermediaries, therefore suggested that the Commission should propose a so-called"Good samaritan clause".

Some stakeholders expressed fear that defining"expeditious"could increase pressure on ISPS to take down content on notice even before correctly assessing the alleged

Some stakeholders (and national judgments) consider that the extent to which information or activity is manifestly illegal seems to be essential.

according to some stakeholders, be interpreted as selecting or modifying. Recital 43 of the Directive provides in this regard that the requirement of not

Rightsboosting creativity and innovation to provide economic growth, high quality jobs and first class products and services in Europe, COM (2011) 287 24.05.2011;

stakeholders, but result from the unilateral policy of individual companies In the responses to the public consultation, some stakeholders, in particular civil rights

organisations, complained about a lack of transparency and democratic oversight with the policies of individual companies.

Some stakeholders are worried that intermediaries are in a position, for the sake of simplicity and to avoid liability

According to a majority of stakeholders that responded to the public consultation, NTD procedures are fragmented heavily and this forms an important barrier to the Digital Single

Certain stakeholders also consider it socially undesirable that the takedown of manifestly illegal information (for

"Many stakeholders consider it important that the provider of allegedly illegal information should be given the opportunity to submit a counter-notice

stakeholders, offering the possibility of submitting a counter notice is perhaps not appropriate in the context of manifestly illegal information.

Some stakeholders consider that intermediaries should not be held liable for taking down"illegal"information if it turns out that the

136 Moore/Clayton, The Impact of Incentives on Notice and Takedown, Seventh Workshop on the Economics of

Many stakeholders consider that the legitimacy of private operators deciding on the takedown of content without the intervention of a court depends on the extent to which the alleged

illegal information is manifestly illegal (see Chapter 3. 4. 3. 1). For instance, many stakeholders do not consider that the intervention of a court is required to takedown manifest child

Other stakeholders, in particular intermediaries, also favour a focus on prevention, but in the form of offering attractive

Stakeholders to be consulted include Member States, internet intermediaries, right holders, child protection organisations, civil rights organisations and citizens in general

stakeholders on the effectiveness and efficiency of filtering techniques ten years after the 142 BGH, 19.04.2007, ref. no.

A wide variety of stakeholders mentioned several disadvantages of filtering techniques and confirmed that Article 15 is still relevant today

A variety of stakeholders raised concerns about significant traffic speed reductions as a result of certain filtering techniques.

Second, stakeholders also expressed concerns about the costs associated with filtering techniques. ISPS tend to argue that implementing filtering techniques would be a significant

Third, a variety of stakeholders raised concerns about tensions between the protection of fundamental rights and filtering techniques.

Europe (2010) its intention to create a stakeholder platform by 2012 for EU online trustmarks

policy makers, stakeholders and experts to carefully analyse the implementation process for setting up the EU trustmark scheme. 149

the costs and benefits of (different models) for setting up an EU online trustmark stakeholder

personal data have become essential factors in the online economy. 150 Professional players are aggregating massive amounts of data for professional use, in particular for behavioural

exchange of views between policy-makers and respective stakeholders and analyse the steps required to improve E-commerce,

Business representatives indicated in the public consultation that today's internet economy and in particular the transformation of the Internet from web 1. 0 to web 2. 0 have been

Boosting creativity and innovation to provide economic growth, high quality jobs and first class products and services in Europe, COM (2011) 287 final, 24.05.2011, available at

relevant stakeholders and finding workable solutions to resolve outstanding issues that should lay the ground for comprehensive legislative action at EU level by 2012.

Affairs, was appointed to take up the mission of mediator to lead the process of stakeholder dialogue on

Mr. Vitorino's task will be to moderate stakeholder discussions with the objective of exploring possible approaches to harmonisation of both the methodology used to impose levies and the

involving the stakeholders most concerned by this phenomenon (right holders and internet platforms. In this context, a Memorandum of Understanding was signed by

months, these stakeholders will review and measure progress under the auspices of the Commission services.

Stakeholders in the responses to the public consultation on the future of electronic commerce in the Internal Market and the implementation of the ECD also raised the issue of the

stakeholders responding to the public consultations expressed their concerns about manufacturers imposing"brick and mortar"requirements on their distributors when engaging

A large majority of stakeholders confirmed the need for regulatory measures regarding the mutual recognition and acceptance of e-identification and

stakeholders involved. The proposed measures aim at making e-invoicing the predominant method of invoicing by 2020

-stakeholder e-invoicing fora and to entrust them with the task to develop a national strategy

-Stakeholder Forum on e-invoicing†to identify common hurdles and remedies for e-invoicing in Europe, to exchange best practices and to coordinate actions at Member State level

-stakeholder forum, take action to encourage the maximum use of e-invoices exchange 4. 6 Delivery

252 Copenhagen Economics, Main developments in the postal sector 2008-2010,29. 11.2010, pp. 85-91

and should include all stakeholders involved (e g. delivery operators; e -retailers; customers; other stakeholders With regard to the complaints procedures in case of lost items, theft and delay, it becomes

imperative that Article 19 of the Postal services Directive and the user's possibility to complain to the postal service provider is implemented efficiently and that adequate

sustainable economy. Though research is still rather in its infancy, available empirical evidence shows that the digital economy has positive effects on the environment

Economy Act 2010 Articles 14-18 Decree-Law 7/2004 Royal Decree on the functioning

2. 1 Description of e-commerce in the economy 2. 2 The regulatory framework 2. 2. 1 The E-commerce Directive


< Back - Next >


Overtext Web Module V3.0 Alpha
Copyright Semantic-Knowledge, 1994-2011