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Democratic Organizational Culture for SMEs Innovation Transformation and Corporate Entrepreneurship

Markopoulos, E; Bilibashi, A; Vanharanta, H; (2021) Democratic Organizational Culture for SMEs Innovation Transformation and Corporate Entrepreneurship. In: Advances in Creativity, Innovation, Entrepreneurship and Communication of Design. (pp. pp. 73-82). Springer Nature Green open access

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Abstract

The contribution of the Small and Medium Size Enterprises (SMEs) in every economy is undeniably significant. Still, their existence relies on their leadership’s ability to respond to the continuous challenges utilizing best their limited resources. This paper introduces a Democratic Leadership Change Integration Model (DLCIM) that can be used globally to support and institutionalize SMEs’ innovation by maximizing their human intellectual capital’s effectiveness democratically. Knowledge democratization is a crucial stage in knowledge generation. Its benefits encourage both the employees and the organization to create innovative products and services under ethical management values and principles. The proposed framework helps organizations and SMEs achieve a knowledge-based democratic company-employee relationship. It encapsulates the integration of The Company Democracy Model as the tool and base for innovation, the ADKAR model for change management, and the Self-Determination Theory as a leadership principle.

Type: Proceedings paper
Title: Democratic Organizational Culture for SMEs Innovation Transformation and Corporate Entrepreneurship
Event: International Conference on Applied Human Factors and Ergonomics
ISBN-13: 9783030800932
Open access status: An open access version is available from UCL Discovery
DOI: 10.1007/978-3-030-80094-9_10
Publisher version: https://doi.org/10.1007/978-3-030-80094-9_10
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: SMEs, Business transformation, Organizational culture, Self-determination, Company democracy model, Leadership, Change management, Knowledge management, Innovation, Corporate entrepreneurship, Family business
UCL classification: 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
UCL > Provost and Vice Provost Offices > UCL BEAMS
UCL
URI: https://discovery.ucl.ac.uk/id/eprint/10153250
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