Corporate Democracy, Agility, and Business Growth: A Call for Paradigm Shift

Corporate governance through stakeholder engagement helps in developing democratic ecosystem with agility in strategy development, operations, and decision-making. The accountability in engagement of both internal (employees) and external (customers, investors, and business partners) stakeholders helps organizations in inculcating self-regulation and plays a role, with a growing emphasis on collective corporate growth. The corporate democracy also converges ESG criteria (environmental, social, and governance) linked to responsible company practices. This chapter argues the role of corporate democracy and functional agility in design thinking, manufacturing, open innovation, and business operations.