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

Igor Kryvovyazyuk, Igor Britchenko, Serhii Smerichevskyi, Liubov Kovalska, Viktoriia Dorosh and Pavlo Kravchuk

Economic Studies journal, 2023, issue 1, 3-17

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.

JEL-codes: C83 D74 F23 L2 M16 O3 (search for similar items in EconPapers)
Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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