Corporate Democracy, Open Innovation, and Growth

“This book analyzes dynamic interconnection across corporate democracy, innovation, and economic prosperity that fosters democratic principles within corporations embracing open innovation for sustainable economic growth. An essential addition to the contemporary literature and a must read for business leaders, policymakers, and academics to understand and leverage the power of corporate democracy for a thriving future.” —Osmar Zavaleta, Associate Dean, EGADE Business School, Technologico de Monterrey, Mexico This book discusses stakeholders’ engagement in corporate governance as an emerging philosophy to empower them and motivate value-based business performance through co-creation and coevolution. Reviewing a wide range of literature and empirical studies this edited volume analyzes emerging theories of stakeholder engagement, agility in business, corporate social responsibility, and value co-creation. Eighteen articles spread across five sections in this volume deliberate on human factors in corporations. This book presents new insights of corporate democracy, governance, and agile business modeling integrating people, profit, and corporate citizenship behavior. Articles in this book discuss the democratization and socialization processes of business as budding corporate philosophies. Rajagopal is Distinguished Professor of Marketing at EGADE Business School of Tecnologico de Monterrey, Mexico and Life Fellow of the Royal Society for Encouragement of Arts, Commerce, and Manufacture, United Kingdom. Dr. Rajagopal is currently serving as Visiting Professor at Boston University, USA, since 2013. He has to his credit 75 books on business management and over 400 research papers. Dr Rajagopal has received the Pravasi Bharatiya Samman, the highest civilian award of Government of India in the field of Education in January 2023. The award is conferred to the citizens of India working at overseas destinations. Ramesh Behl is Distinguished Professor of Information Systems at International Management Institute, New Delhi, India. He has authored 25 books, 17 case studies, and more than 45 research papers of national and international repute.