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Personal values supporting enterprises’ innovations in the creative economy

Author

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  • Marina Dabic

    (University of Zagreb
    Nottingham Trent University, Nottingham Business School)

  • Vojko Potocan

    (University of Maribor)

  • Zlatko Nedelko

    (University of Maribor)

Abstract

The main objective of this paper is to examine the importance of influential employee’s personal values, which shape development of innovations among employees in enterprises. Enterprises can use for realization of sustainable development different economic concepts of new economy, like very promising creative economy, which inter-relates creativity, knowledge and innovation economies. The paper presents implementation of creative economy in enterprises with research of importance of most influential personal values of employees for development of innovations. Data were collected from 173 employees in Slovenian and 226 employees from Croatian enterprises. This research reduces the gap between well spread theoretical research and less empirical evidences of the theoretical cognitions for a selected problem. The empirical research has revealed the differences in the perception of employees’ personal values, which shape development of innovations between Slovenia and Croatia employees. The paper also reports about the importance of selected personal values of employees, which primarily determine enterprises’ innovations—i.e., creativity, exciting life, varied life and ambition and tests the differences in the employees’ perceived importance of personal values, regarding the impacts of: (1) the country of origin, (2) employees’ work experience, and (3) interaction effect of country of origin and work experiences.

Suggested Citation

  • Marina Dabic & Vojko Potocan & Zlatko Nedelko, 2017. "Personal values supporting enterprises’ innovations in the creative economy," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 8(4), pages 1241-1261, December.
    • Handle: RePEc:spr:jknowl:v:8:y:2017:i:4:d:10.1007_s13132-016-0354-z
    DOI: 10.1007/s13132-016-0354-z
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    References listed on IDEAS

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    1. David Ralston & Carolyn Egri & Olivier Furrer & Min-Hsun Kuo & Yongjuan Li & Florian Wangenheim & Marina Dabic & Irina Naoumova & Katsuhiko Shimizu & María Garza Carranza & Ping Fu & Vojko Potocan & A, 2014. "Societal-Level Versus Individual-Level Predictions of Ethical Behavior: A 48-Society Study of Collectivism and Individualism," Journal of Business Ethics, Springer, vol. 122(2), pages 283-306, June.
    2. Abdelkader Daghfous, 2007. "Absorptive capacity and innovative enterprise systems: a two-level framework," International Journal of Innovation and Learning, Inderscience Enterprises Ltd, vol. 4(1), pages 60-73.
    3. Chien Lin & Ju Yeh & Guan Hung, 2012. "Internal Impediments of Organizational Innovation: An Exploratory Study," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 3(2), pages 185-198, June.
    4. David Ralston & Carolyn Egri & Emmanuelle Reynaud & Narasimhan Srinivasan & Olivier Furrer & David Brock & Ruth Alas & Florian Wangenheim & Fidel Darder & Christine Kuo & Vojko Potocan & Audra Mockait, 2011. "Erratum to: A Twenty-First Century Assessment of Values Across the Global Workforce," Journal of Business Ethics, Springer, vol. 104(4), pages 589-590, December.
    5. van Hoorn, André, 2014. "Individualism and the cultural roots of management practices," Journal of Economic Behavior & Organization, Elsevier, vol. 99(C), pages 53-68.
    6. Igor Dubina & Elias Carayannis & David Campbell, 2012. "Creativity Economy and a Crisis of the Economy? Coevolution of Knowledge, Innovation, and Creativity, and of the Knowledge Economy and Knowledge Society," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 3(1), pages 1-24, March.
    7. Aija Leiponen & Constance E. Helfat, 2010. "Innovation objectives, knowledge sources, and the benefits of breadth," Strategic Management Journal, Wiley Blackwell, vol. 31(2), pages 224-236, February.
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    Cited by:

    1. Jinliao He & Jue Peng & Gang Zeng, 2023. "The Spatiality of the Creative Digital Economy: Local Amenities to the Spatial Agglomeration of Creative E-Freelancers in China," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 14(4), pages 4608-4629, December.
    2. Dalia Štreimikienė & Tomas Kačerauskas, 2020. "The creative economy and sustainable development: The Baltic States," Sustainable Development, John Wiley & Sons, Ltd., vol. 28(6), pages 1632-1641, November.

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