Assessment of the Impact of Circular Economy Competitiveness and Innovation on European Economic Growth

Andrija Popović (), Maja Ivanović Đukić and Ana Milijić

The European Journal of Applied Economics, 2022, vol. 19, issue 2, 1-14

Abstract: Purpose. This paper aims to assess the organizational culture exposed by small and medium-sized companies (SMEs). In other words, we examine the relationship between leadership styles, organizational culture and organizational performance. In order to investigate the role of organizational culture, it is fundamental to analyze the leadership styles in relation to the types of culture, to identify how these are related and well aligned so that they can help the SMEs to be more effective, favoring their innovativeness. Therefore, we like to address the issue of organizational alignment as well, which occurs when employees and leadership are on the same page regarding an organization’s purposes and core values. Methodology. Based on a sample of 408 Macedonian managers and employees and using the organizational culture assessment instrument VOX, the key findings show that the dominant culture in Macedonian small and medium-sized businesses is Entrepreneurial Democracy and that all employees share similar perceptions about organizational culture. Contribution/Value. It contributes to the scientific body of knowledge in the context of organizational culture and alignment. The implications of this study will be especially important for the Macedonian SMEs managers and owners in order to gain access to important knowledge of its organizational culture or they need to make improvements to stimulate the innovativeness of their employees to participate in the improvement of company’s performance on the one hand and satisfied employees on the other hand. It also provides the readers with an understanding of how to measure organizational culture and its alignment by introducing up-to-date scientific research in the same field.

Keywords: Circular economy; Competitiveness; Economic development; Sustainable development; Europe. (search for similar items in EconPapers)
Date: 2022
References: Add references at CitEc
Citations:

Downloads: (external link)
https://journal.singidunum.ac.rs/files/2022-19-2/a ... -economic-growth.pdf (application/pdf)
https://journal.singidunum.ac.rs/paper/assessment- ... pean-economic-growth (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:sng:ejae01:169

DOI: 10.5937/EJAE19-39057

Access Statistics for this article

More articles in The European Journal of Applied Economics from Singidunum University, Belgrade
Bibliographic data for series maintained by EJAE Editorial Office ().