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

  • Evangelos MarkopoulosEmail author
  • Vasu Aggarwal
  • Hannu Vanharanta
Conference paper
Part of the Advances in Intelligent Systems and Computing book series (AISC, volume 1026)

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.

Keywords

Company Democracy Corporate entrepreneurship Intrapreneurship Horizons Knowledge Innovation Strategy Management 

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Copyright information

© Springer Nature Switzerland AG 2020

Authors and Affiliations

  • Evangelos Markopoulos
    • 1
    Email author
  • Vasu Aggarwal
    • 1
  • Hannu Vanharanta
    • 2
    • 3
  1. 1.HULT International Business SchoolLondonUK
  2. 2.School of Technology and InnovationsUniversity of VaasaVaasaFinland
  3. 3.Faculty of Engineering ManagementPoznan University of TechnologyPoznanPoland

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