Innovation Culture and Strategic Human Resource Management in Public and Private Sector within the Framework of Employee Ownership

AbstractInnovation culture describes the new eco-system in the business fields and production philosophy. The differences between the countries and regions in terms of management, science, engineering, technology and labor quality have become the factors that explain the complexity dynamics of the 21st century. Hence; increasing the international competitive power of the local firms in the framework of regional development politics, improving entrepreneurship and innovation capacity in local area are highly important in this century. In this process strategic human resource management (SHRM) is a critical activity for companies. Some vehicles are required to realize these activities as regulating the environment and for development. In this study, the effects of SHRM are discussed with the mediator roles of innovation culture and employee ownership. This research develops a framework for the investigation of job satisfaction through employee ownership, in the light of recent developments in innovation culture. The aim is to identify the mediating effect of innovation culture on the job satisfaction between strategic human resource management and employee ownership. To test the propositions, a field survey using questionnaires was conducted. 479 printed questionnaires were collected from Marmara Region. Especially in private sector, SHRM is directly effective on employee behaviors. The findings indicate that employee ownership as a critical psychological factor creates a step between the organizational factors and job satisfaction