@meneteqel

Knowledge-intensive work and the (re)emergence of democratic governance

. Academy of Management Perspectives 30 (2): 167–181 (May 2016)

Abstract

This paper examines the efficiency rationale for democratic governance in economic organization. In addition to markets, hierarchies, and clans (the standard repertoire), democracy should be added as a viable and efficient form of organization, particularly for the modern knowledge-intensive economy. In fact, even using established organization theory and organizational economics, democratic governance would constitute a superior structural alternative under such conditions. Based on this theoretical argument and more than a decade of empirical research on the organization of new knowledge-based firms, as well as the governance of innovative activities in established firms, this paper advances a set of propositions articulating the efficient mix of governance mechanisms defining such democratic structural alternative; they include “partnership” rather than “exchange” employment contracts, “democratic” allocation of decision and control rights, negotiated rent-sharing, and open boundaries. The potential and due applications of these practices to situations where knowledge contributions are present but not prominent are highlighted.

Links and resources

URL:
BibTeX key:
grandori2016work
search on:

Comments and Reviews  
(0)

There is no review or comment yet. You can write one!

Tags


Cite this publication