Markopoulos, E;
Ramonda, MB;
Winter, LMC;
Al Katheeri, H;
Vanharanta, H;
(2020)
Pink Ocean Strategy: Democratizing Business Knowledge for Social Growth and Innovation.
In:
International Conference on Applied Human Factors and Ergonomics.
(pp. pp. 39-51).
Springer Nature: Cham, Switzerland.
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Abstract
In a constantly and rapidly changing world, innovation and organizational sustainability keep on being redefined. The integration of Blue and Green Ocean strategies can deliver social innovation and impact directly the lives of millions of people globally while assuring the needed organizational sustainability and profitability. This approach introduces the Pink Ocean Strategy concept, which cares about human life, integrity and dignity to booster innovation efforts. The new Pink Ocean Strategy is executed through the Company Democracy Model, the model for people, to embrace anyone who has and can share data, information, knowledge as well as wisdom creation for the good of the society, community and the humanity. The paper presents the six stages of the Company Democracy Model adjusted to navigate organizations into Pink Oceans, the overall strategic management framework, the pre and post conditions of each stage and the expected results per stage, enables this navigation to Pink Oceans.
| Type: | Proceedings paper |
|---|---|
| Title: | Pink Ocean Strategy: Democratizing Business Knowledge for Social Growth and Innovation |
| Event: | AHFE 2020: Advances in Creativity, Innovation, Entrepreneurship and Communication of Design |
| ISBN-13: | 978-3-030-51625-3 |
| Open access status: | An open access version is available from UCL Discovery |
| DOI: | 10.1007/978-3-030-51626-0_5 |
| Publisher version: | https://doi.org/10.1007/978-3-030-51626-0_5 |
| Language: | English |
| Additional information: | This version is the author accepted manuscript. For information on re-use, please refer to the publisher's terms and conditions. |
| Keywords: | Pink Ocean, Green Ocean, Blue Ocean, Growth, Social, Sustainable Development Goals, Innovation, Democracy, Strategy, Management, UN, Shared value, Social innovation |
| UCL classification: | UCL UCL > Provost and Vice Provost Offices > UCL BEAMS UCL > Provost and Vice Provost Offices > UCL BEAMS > Faculty of Engineering Science UCL > Provost and Vice Provost Offices > UCL BEAMS > Faculty of Engineering Science > UCL School of Management |
| URI: | https://discovery.ucl.ac.uk/id/eprint/10120652 |
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