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Understanding corporate innovation readiness and frequency factors with the Democratic Survival, Mirrored and Compulsive (DSMC) Framework

Markopoulos, Evangelos; Ofori, Kwame; Vanharanta, Hannu; (2022) Understanding corporate innovation readiness and frequency factors with the Democratic Survival, Mirrored and Compulsive (DSMC) Framework. In: Creativity, Innovation and Entrepreneurship. (pp. pp. 83-92). AHFE International Green open access

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Abstract

This paper introduces the Democratic Survival, Mirrored, and Compulsive (DSMC) Framework, a step-by-step guide to help businesses understand their innovation readiness status. The framework calculates several attributes and plots the results on a graph indicating the factors to consider in the company’s innovations strategy. The primary findings indicate factors that impact the innovation frequency, such as the available R&D facilities, financial position and stability, cumulative organizational knowledge, policy direction, and the organizations’ industry. Therefore, the paper extends the SMC framework to the Democratic SMC (DMSC) that aligns the SMC phases with the Company Democracy Model innovation evolution levels by relating and categorizing the SCM innovation factors to the CDM levels. This helps to understand the organizational innovation DNA and also the culture and philosophy that impacts the company’s human intellectual capital production frequency and the utilization frequency of this capital as well.

Type: Proceedings paper
Title: Understanding corporate innovation readiness and frequency factors with the Democratic Survival, Mirrored and Compulsive (DSMC) Framework
Event: 13th International Conference on Applied Human Factors and Ergonomics (AHFE 2022)
Open access status: An open access version is available from UCL Discovery
DOI: 10.54941/ahfe1001510
Publisher version: https://doi.org/10.54941/ahfe1001510
Language: English
Additional information: © 2022 Published by AHFE Open Access. The authors of papers published in the AHFE Open Access Proceedings will retain full copyrights as specified by the provisions of the Creative Commons: http://creativecommons.org/licenses/by/4.0/.
Keywords: Innovation, Entrepreneurship, Management, Leadership, Organizational culture, Company democracy, Innovation frequency, Intellectual capital
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/10153373
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