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Democratization of Intrapreneurship and Corporate Entrepreneurship Within the McKinsey's Three Horizons Innovation Space

Markopoulos, E; Aggarwal, V; Vanharanta, H; (2019) Democratization of Intrapreneurship and Corporate Entrepreneurship Within the McKinsey's Three Horizons Innovation Space. In: Ahram, T and Karwowski, W and Pickl, S and Taiar, R, (eds.) Human Systems Engineering and Design II: Proceedings of the 2nd International Conference on Human Systems Engineering and Design (IHSED2019): Future Trends and Applications, September 16-18, 2019, Universität der Bundeswehr München, Munich, Germany. (pp. pp. 1007-1017). Springer: Cham, Switzerland. Green open access

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Abstract

Knowledge democratization is essential to innovation strategy formulation and execution. It is the culture in which organizational strategies are embraced to create shared added-value. This paper provides a framework through which companies can develop democratic corporate entrepreneurship and intrapreneurship operations and strategies. The Company Democracy Model is used as the method based on which knowledge democratization is built by providing a structured path to satisfy the pre-conditions, post conditions and evolution of such initiatives. In this attempt, the Company Democracy Model integrates the McKinsey’s 3 horizon model for organizational growth. The integration of the two models creates a knowledge based corporate entrepreneurship and intrapreneurship transformation strategy, supported by phases, stages, and goals. Furthermore, this integration is projected in a 3-dimensional space where the horizontal business development, of the McKinney 3 Horizons, affects the vertical organizational maturity, of the Company Democracy Model, through innovation development inside or outside the organization.

Type: Proceedings paper
Title: Democratization of Intrapreneurship and Corporate Entrepreneurship Within the McKinsey's Three Horizons Innovation Space
Event: 2nd International Conference on Human Systems Engineering and Design (IHSED2019): Future Trends and Applications
ISBN-13: 978-3-030-27927-1
Open access status: An open access version is available from UCL Discovery
DOI: 10.1007/978-3-030-27928-8_150
Publisher version: https://doi.org/10.1007/978-3-030-27928-8_150
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: Company Democracy, Corporate entrepreneurship, Intrapreneurship, Horizons, Knowledge, Innovation, Strategy, Management
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/10120911
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