Innovative Management as the Basis of Economic Security: the Role of Corporate Culture
Journal: Quarterly Scientific Journal "Economic Herald of the Donbas" (Vol.80, No. 2)Publication Date: 2024-06-20
Authors : Khandii O.;
Page : 135-142
Keywords : innovation management; economic security; corporate culture; organizational adaptability; innovation capability; strategic sustainability; innovation management mechanisms;
Abstract
Innovative management in modern conditions performs the function of a strategic resource that not only counteracts threats to economic security, but also forms the basis for the dynamic and sustainable development of organizations. A key element of this process is corporate culture, which, being an institutional component of management, transforms innovative initiatives into effective practices and strengthens the anti-crisis capacity of enterprises. It is the cultural environment that determines the organization's ability to adapt, learn, take initiative and interact, which is critically important in the context of high uncertainty of the external environment.
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