Kriez Academy
Vol. 1 No. 4 (2024): Kriez Academy - March

COLLABORATIVE STRATEGIES IN INNOVATION: CALCULATING STRATEGIC DIVIDEND AND TRANSACTIONAL EFFICIENCY FOR ORGANIZATIONAL GROWTH

Aripin, Zaenal (Unknown)
Yuliaty, Farida (Unknown)
Haryaman, Adang (Unknown)



Article Info

Publish Date
02 Mar 2024

Abstract

Collaborative strategies in innovation play an important role in accelerating organizational growth and sustainability in a global era full of challenges. This research discusses the importance of taking into account both strategic dividends and transactional efficiency in optimizing innovative collaboration for long-term organizational growth. Factors such as clarity of goals and expectations, trust and openness, open communication, effective risk management, and utilization of advanced information technology play a key role in improving transactional efficiency in innovative collaborations. Increasing transactional efficiency in innovative collaborations also has a positive impact on the long-term growth of organizations, by expanding market coverage, increasing competitiveness and brand image, creating sustainable growth and competitive advantage, as well as maintaining the sustainability of partnership relationships and strengthening networks. Therefore, organizations need to actively consider both strategic dividends and transactional efficiencies in the planning and implementation of their innovative collaborations, and continuously refine and adapt their strategies according to changing needs and challenges. In this way, organizations can maximize the added value potential of their partnerships and achieve sustainable long-term growth.  

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Journal Info

Abbrev

kriezacademy

Publisher

Subject

Computer Science & IT Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Industrial & Manufacturing Engineering Social Sciences

Description

KRIEZ ACADEMY as a journal that places community development and service as its main focus, is pleased to receive research articles from community service projects. We invite researchers, academics, and practitioners to contribute with research that is not only academically orientated but also has a ...