IDEAS home Printed from https://ideas.repec.org/a/bas/econst/y2023i1p3-17.html
   My bibliography  Save this article

Digital Transformation and Innovation in Business: the Impact of Strategic Alliances and Their Success Factors

Author

Listed:
  • Igor Kryvovyazyuk
  • Igor Britchenko
  • Serhii Smerichevskyi
  • Liubov Kovalska
  • Viktoriia Dorosh
  • Pavlo Kravchuk

Abstract

The purpose of the article is to reveal the scientific approach that substantiates the impact of the creation of strategic alliances (SA) on the digital transformation of business and the development of their innovative power based on identified success factors. The aim was achieved using the following methods: abstract logic and typification (for classification of SA’s success factors), generalisation (to determine the peculiarities of SA’s influence on their innovation development), analytical and ranking method (to determine the relationship between the dynamics creating of SA and the degree of acceleration of digital transformation), expert evaluation (to determine the degree of influence of SA success factors by business areas). Implementing a business-integrated approach to understanding digital transformation will accelerate the implementation of innovation and organisational change, identifies future prospects for market, customer and business relationships, highlighting the importance of researching the factors that ensure their success. An alternative vision of SA’s success factors is suggested, which are determined by the possibilities of the organisation of partnerships and organisational culture, integration of business sectors, compatibility of management goals, external relevance, obtaining synergies. Innovation is considered by the authors as an integration factor that reconciles all groups of SA success factors, giving them the necessary focus to solve business problems. The results of the study show that the creation of SA has a significant impact on accelerating and changes the priority of digital transformation of business areas involved in strategic partnerships, and the impact of SA on the development of their innovation power is crucial.

Suggested Citation

  • Igor Kryvovyazyuk & Igor Britchenko & Serhii Smerichevskyi & Liubov Kovalska & Viktoriia Dorosh & Pavlo Kravchuk, 2023. "Digital Transformation and Innovation in Business: the Impact of Strategic Alliances and Their Success Factors," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 1, pages 3-17.
    • Handle: RePEc:bas:econst:y:2023:i:1:p:3-17
    as

    Download full text from publisher

    File URL: https://www.iki.bas.bg/Journals/EconomicStudies/2023/2023-1/01_Kryvovyazyuk.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Igor Britchenko & Ana Paula Monte & Igor Kryvovyazyuk & Lidiia Kryvoviaziuk, 2018. "The Comparison of Efficiency and Performance of Portuguese and Ukrainian Enterprises," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 1, pages 87-108.
    2. Rafał Drewniak & Robert Karaszewski, 2020. "Diffusion of knowledge in strategic alliance: empirical evidence," International Entrepreneurship and Management Journal, Springer, vol. 16(2), pages 387-416, June.
    3. Kamal Fatehi & Jeongho Choi, 2019. "International Business Management," Springer Texts in Business and Economics, Springer, edition 2, number 978-3-319-96622-9, April.
    4. Andrejs Čirjevskis, 2021. "Exploring Critical Success Factors of Competence-Based Synergy in Strategic Alliances: The Renault–Nissan–Mitsubishi Strategic Alliance," JRFM, MDPI, vol. 14(8), pages 1-22, August.
    5. O'Dwyer, Michele & Gilmore, Audrey, 2018. "Value and alliance capability and the formation of strategic alliances in SMEs: The impact of customer orientation and resource optimisation," Journal of Business Research, Elsevier, vol. 87(C), pages 58-68.
    6. Al-Tabbaa, Omar & Leach, Desmond & Khan, Zaheer, 2019. "Examining alliance management capabilities in cross-sector collaborative partnerships," Journal of Business Research, Elsevier, vol. 101(C), pages 268-284.
    7. Kamal Fatehi & Jeongho Choi, 2019. "International Strategic Alliance," Springer Texts in Business and Economics, in: International Business Management, edition 2, chapter 7, pages 217-239, Springer.
    8. Kamal Fatehi & Jeongho Choi, 2019. "The Management of International Business," Springer Texts in Business and Economics, in: International Business Management, edition 2, chapter 1, pages 3-35, Springer.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Zahoor, Nadia & Gabriel Pepple, Dennis & Choudrie, Jyoti, 2021. "Entrepreneurial competencies and alliance success: The role of external knowledge absorption and mutual trust," Journal of Business Research, Elsevier, vol. 136(C), pages 440-450.
    2. Samah Zakareya & Safa’a Alahmad, 2019. "Inverted Teaching for Improving the Teaching Performance of EFL Student Teachers at Jubail College of Education," English Language Teaching, Canadian Center of Science and Education, vol. 12(4), pages 1-15, April.
    3. Trang P. Tran & Christopher P. Furner & Ilia Gugenishvili, 2022. "The Effects of Task Service Fit on Brand Loyalty: A Study of Branded Apps," International Journal of E-Services and Mobile Applications (IJESMA), IGI Global, vol. 14(1), pages 1-19, January.
    4. Arakpogun, Emmanuel Ogiemwonyi & Elsahn, Ziad & Nyuur, Richard B. & Olan, Femi, 2020. "Threading the needle of the digital divide in Africa: The barriers and mitigations of infrastructure sharing," Technological Forecasting and Social Change, Elsevier, vol. 161(C).
    5. Hiromi Kawasaki & Satoko Yamasaki & Md Moshiur Rahman, 2021. "Developing a Hybrid Platform for Emergency Remote Education of Nursing Students in the Context of COVID-19," IJERPH, MDPI, vol. 18(24), pages 1-14, December.
    6. Rosińska-Bukowska Magdalena, 2020. "The significance of intellectual capital in strategies of transnational corporations," International Journal of Management and Economics, Warsaw School of Economics, Collegium of World Economy, vol. 56(4), pages 291-306, December.
    7. Mehta, Nikhil & Mehta, Anju & Hassan, Yusuf & Buttner, Holly & RoyChowdhury, Sanchita, 2021. "Choices in CDO appointment and firm performance: Moving towards a Stakeholder-based approach," Journal of Business Research, Elsevier, vol. 134(C), pages 233-251.
    8. Fernando Martin-Alcazar & Marta Ruiz-Martinez & Gonzalo Sanchez-Gardey, 2019. "Social Capital and Academic Research Performance: A Conceptual Model Proposal," International Journal of Business Administration, International Journal of Business Administration, Sciedu Press, vol. 10(2), pages 22-31, March.
    9. Dewi Tri Hastuti & Muafi Muafi, 2022. "The influence of organizational environmental culture on employee performance mediated by green human resource management (GHRM) and job satisfaction," International Journal of Business Ecosystem & Strategy (2687-2293), Bussecon International Academy, vol. 4(1), pages 24-36, January.
    10. Xiaowen Guan & Hye Eun Lee, 2022. "Does Culture Really Matter? A Comparison Between Victims’ Cognitive and Communicative Responses to Cultural In-Group Versus Out-Group Perpetrators in Social Predicaments," SAGE Open, , vol. 12(1), pages 21582440221, March.
    11. Sheikh Muhammad Hizam & Waqas Ahmed, 2019. "A Conceptual Paper on SERVQUAL-Framework for Assessing Quality of Internet of Things (IoT) Services," International Journal of Financial Research, International Journal of Financial Research, Sciedu Press, vol. 11(5), pages 387-397, August.
    12. Al-Tabbaa, Omar & Zahoor, Nadia, 2024. "Alliance management capability and SMEs’ international expansion: The role of innovation pathways," Journal of Business Research, Elsevier, vol. 171(C).
    13. Cannavale, Chiara & Esempio, Anna & Ferretti, Marco, 2021. "Up- and down- alliances: A systematic literature review," International Business Review, Elsevier, vol. 30(5).
    14. Faiz Muhammad Khuwaja & Waheed Ali Umrani & Sanober Salman Shaikh & Ammar Ahmed & Sanaullah Shar, 2019. "University Markor: A Context-Specific Scale to Measure Market-Orientation in Universities," SAGE Open, , vol. 9(2), pages 21582440198, June.
    15. Zbigniew Drewniak & Rafal Drewniak & Robert Karaszewski, 2020. "The Assessment of the Features of Inter-organisational Relationships: Benefits, Duration, Repeatability and Maturity of the Relationship with the Company's Stakeholders," European Research Studies Journal, European Research Studies Journal, vol. 0(Special 1), pages 443-461.
    16. Handyanto Widjojo & Avanti Fontana & Gita Gayatri & Agus W. Soehadi, 2019. "Value Co-Creation For Marketing Innovation: Comparative Study In The Sme Community," International Journal of Innovation Management (ijim), World Scientific Publishing Co. Pte. Ltd., vol. 24(03), pages 1-31, May.
    17. Iheanachor, Nkemdilim & Umukoro, Immanuel, 2022. "Partnerships in digital financial services: An exploratory study of providers in an emerging market," Journal of Business Research, Elsevier, vol. 152(C), pages 425-435.
    18. Stanczyk-Hugiet E. & Kozyra C. & Piorkowska K. & Stanczyk S., 2020. "Organisational Routines and Interfirm Collaboration: Measurement Dilemmas and Recommendations for Further Research Steps," European Research Studies Journal, European Research Studies Journal, vol. 0(Special 2), pages 1086-1117.
    19. Jiang, Hong & Yang, Jingxuan & Gai, Jinlong, 2023. "How digital platform capability affects the innovation performance of SMEs—Evidence from China," Technology in Society, Elsevier, vol. 72(C).
    20. Nakos, George & Dimitratos, Pavlos & Elbanna, Said, 2019. "The mediating role of alliances in the international market orientation-performance relationship of smes," International Business Review, Elsevier, vol. 28(3), pages 603-612.

    More about this item

    JEL classification:

    • C83 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - Survey Methods; Sampling Methods
    • D74 - Microeconomics - - Analysis of Collective Decision-Making - - - Conflict; Conflict Resolution; Alliances; Revolutions
    • F23 - International Economics - - International Factor Movements and International Business - - - Multinational Firms; International Business
    • L2 - Industrial Organization - - Firm Objectives, Organization, and Behavior
    • M16 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - International Business Administration
    • O3 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bas:econst:y:2023:i:1:p:3-17. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Diana Dimitrova (email available below). General contact details of provider: https://edirc.repec.org/data/ikbasbg.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.