Values and Administrative Practices for Generations Associated With Organizational Innovation
Gustavo Adolfo Gil Angel (Fundación Universitaria del Área Andina, Colombia), Jorge Gámez-Gutierrez (Universidad de la Costa, Colombia), and Robinson Ernesto Calvo (Escuela Colombiana de Carreras Industriales, Colombia)
Copyright: © 2021
|Pages: 30
DOI: 10.4018/978-1-7998-3568-4.ch010
Abstract
Generational analysis and studies are a recent research trend that analyzes social, cultural, political, and economic changes within the framework of the digital revolution. In this work, an approach is made to the generational phenomena in the SMEs. The objective is to identify the correlations between entrepreneurship and management operations from the logic of individual values and the practices of SMEs managers and owners in Bogotá, from the Blackman model, according to their correspondence with the generational classification taking into account your date of birth. The sample is 383 entrepreneurs from Bogotá, and it was found that there are significant differences associated with generations in skills and abilities, risk management, honesty, responsibility, and work in the provision of services and facilities.
TopTheoretical Framework
Below is the theoretical support of companies, family businesses, generations, work, and family balance, management strategies, and practices.
Business
Micro, small and medium enterprises participate with 25% of the regional gross domestic product (GDP) in contrast to the countries of the European Union, where this figure reaches, on average, 56% (Dini and Stumpo, 2019). In Colombia, the business sector borders the 900,000 companies that are strengthened with more than 75,000 new companies each year; in the capital, there are more than 350,000 companies (OCM, 2007), and around 50,000 are being born. During 2017, entrepreneurs created 70,022 companies and 253,243 businesses of individuals, which represents a growth of 7.3% over the same period in 2016. These new companies are in the commercial sector (38%) and the manufacturing industry (9.7%) (Confecámaras, 2018).
Key Terms in this Chapter
Z-Gen: Also known as Centennials, they are the population born between 1995 and 2012. The Alpha generation follows them.
Family Business: It is a type of enterprise defined by having at least two partners with the same consanguinity up to the second degree, or partners being married.
X-Gen: It is the population born between 1965 and 1976.
Supply Chain: It is an industrial or a commercial network between a company and its suppliers to produce and distribute a specific product o service to the final consumer.
Y-Gen: Also known as Millennials, they integrate the population born between 1977 and 1995.
Boston Matrix: Also called the BCG Matrix, it is a graphical method of business portfolio analysis used to analyze portfolios and brands.
SWOT Analysis: It is a tool for studying the situation of a company, institution, project, or person, analyzing its internal characteristics and its external position.
Baby Boomers: It is the population born between 1946 and 1964.