IMPACT OF CORPORATE CULTURE AND MANAGEMENT INNOVATION ON CORPORATE PERFORMANCE: A CONCEPTUAL MODEL
The new paradigm of Industry 4.0 is rapidly spreading worldwide. This revolutionary concept offers the story of the next Industrial Revolution as a flexible platform where technologies and the Internet are pervasive means of doing business and manufacturing. Industry 4.0 is a revolution in manufacturing. There still is a need for more consideration for future workers, especially from a holistic view. To meet the requirement of industry 4.0, we have developed this model in this study to improve corporate performance. This research is intended to deepen further the analysis of the impact of management control systems on corporate performance. This study takes manufacturing enterprises with typical characteristics of the times as the research object. It explores the relationship between the development of organizational culture and enterprise performance of Chinese manufacturing enterprises through empirical analysis. The research results are important in clarifying the impact mechanism between organizational culture, management innovation and enterprise performance. Starting from Chinese national conditions and the challenges of the era of Industry 4.0, this study proposes a model based on Simmons' management theory, analyzes the internal relationship and mechanism between corporate culture, management innovation, control style and corporate performance, and emphasizes the importance of management control style and management innovation to corporate performance in the process of lean production and manufacturing technology innovation.
Organizational Culture, Management Innovation, Management Control Style, Corporate Performance, Intermediary Effect