Development of Innovation Strategies in the Technology Industry
DOI:
https://doi.org/10.70716/ecoma.v3i1.76Keywords:
innovation strategy, technology industry, digital transformation, sustainability, competitive advantageAbstract
The technology industry continues to grow rapidly, requiring companies to adopt innovation strategies to maintain competitiveness. This study aims to develop adaptive and sustainable innovation strategies to address the challenges and opportunities in the digital transformation era. The methodology used involves literature analysis, expert interviews, and case studies from leading technology companies. The results show that effective innovation strategies involve a combination of human resource management, investment in research and development, and the adoption of cutting-edge technologies. In addition, this strategy requires strong management support, cross-functional collaboration, and data-driven decision-making. The implications of these findings highlight the importance of fostering an innovation culture across the organization to create sustainable competitive advantage.
Downloads
References
Abou‐Moghli, A. A. (2021). The role of organizational innovation in achieving competitive advantage: A conceptual framework. Business Strategy Review, 32(4), 45–60. https://doi.org/10.1108/BSR-02-2021-0025
Ambarwati, D., Wibowo, U. B., Arsyiadanti, H., & Susanti, S. (2021). Studi literatur: Peran inovasi pendidikan pada pembelajaran berbasis teknologi digital. Jurnal Inovasi Teknologi Pendidikan, 8(2), 173–184.
Birkinshaw, J., Zimmermann, A., & Raisch, S. (2021). How do firms adapt to discontinuous change? Bridging the dynamic capabilities and ambidexterity perspectives. Journal of Management Studies, 58(8), 2090–2118. https://doi.org/10.1111/joms.12742
Camps, J., Oltra, V., Aldás-Manzano, J., Buenaventura-Vera, G., & Torres-Carballo, F. (2016). Individual performance in turbulent environments: The role of organizational learning capability and employee flexibility. Human Resource Management, 55(3), 363–383. https://doi.org/10.1002/hrm.21724
Chen, Y., Viswanathan, S., & Zheng, Z. (2021). Data-driven innovation and firm performance: Evidence from digital transformation. Information Systems Research, 32(4), 1125–1142. https://doi.org/10.1287/isre.2021.1025
Chesbrough, H. (2020). To recover faster from COVID-19, open up: Managerial implications from an open innovation perspective. Industrial Marketing Management, 88, 410–413. https://doi.org/10.1016/j.indmarman.2020.04.014
Crossan, M. M., & Apaydin, M. (2010). A multi‐dimensional framework of organizational innovation: A systematic review of the literature. Journal of Management Studies, 47(6), 1154–1191. https://doi.org/10.1111/j.1467-6486.2009.00880.x
Dangelico, R. M., Pujari, D., & Pontrandolfo, P. (2022). Green innovation and business performance: The role of stakeholder engagement and dynamic capabilities. Business Strategy and the Environment, 31(1), 1–16. https://doi.org/10.1002/bse.2870
Doz, Y. L., & Kosonen, M. (2010). Embedding strategic agility: A leadership agenda for accelerating business model renewal. Long Range Planning, 43(2–3), 370–382. https://doi.org/10.1016/j.lrp.2009.07.006
Garud, R., Tuertscher, P., & Van de Ven, A. H. (2022). Perspectives on innovation processes. Academy of Management Annals, 16(1), 301–334. https://doi.org/10.5465/annals.2020.0012
Geissdoerfer, M., Savaget, P., Bocken, N. M., & Hultink, E. J. (2018). The circular economy–A new sustainability paradigm? Journal of Cleaner Production, 143, 757–768. https://doi.org/10.1016/j.jclepro.2016.12.048
Hartatik, H., Rukmana, A. Y., Efitra, E., Mukhlis, I. R., Aksenta, A., Ratnaningrum, L. P. R. A., & Efdison, Z. (2023). Tren Technopreneurship: Strategi & Inovasi Pengembangan Bisnis Kekinian dengan Teknologi Digital. PT Sonpedia Publishing Indonesia.
Judijanto, L., Syamsulbahri, S., Abdullah, A., & Harsono, I. (2024). Analisis bibliometrik tentang keterkaitan inovasi teknologi dan pengembangan bisnis. Jurnal Bisnis dan Manajemen West Science, 3(1), 66–74.
Klewitz, J., & Hansen, E. G. (2014). Sustainability-oriented innovation of SMEs: A systematic review. Journal of Cleaner Production, 65, 57–75. https://doi.org/10.1016/j.jclepro.2013.07.017
Lee, I., & Lee, K. (2020). The Internet of Things (IoT): Applications, investments, and challenges for enterprises. Business Horizons, 63(4), 431–440. https://doi.org/10.1016/j.bushor.2020.03.013
Li, L., Su, F., Zhang, W., & Mao, J. Y. (2022). Digital transformation by SME entrepreneurs: A capability perspective. Information Systems Journal, 32(1), 1–26. https://doi.org/10.1111/isj.12307
Lichtenthaler, U. (2019). Integration of digitalization and innovation: A systematic review. Technological Forecasting and Social Change, 146, 775–782. https://doi.org/10.1016/j.techfore.2019.01.075
Lüdeke-Freund, F., & Dembek, K. (2017). Sustainable business model research and practice: Emerging field of sustainability management. Journal of Cleaner Production, 147, 12–31. https://doi.org/10.1016/j.jclepro.2016.12.089
Maesaroh, S., Lubis, R. R., Husna, L. N., Widyaningsih, R., Susilawati, R., & Yasmin, P. M. (2022). Efektivitas implementasi manajemen business intelligence pada industri 4.0. ADI Bisnis Digital Interdisiplin Jurnal, 3(2), 69–75.
Nonaka, I., & Takeuchi, H. (2019). The Wise Company: How Companies Create Continuous Innovation. Oxford University Press.
Porter, M. E., & Heppelmann, J. E. (2017). Why every organization needs an augmented reality strategy. Harvard Business Review, 95(6), 46–57.
Purba, N., Yahya, M., & Nurbaiti, N. (2021). Revolusi industri 4.0: Peran teknologi dalam eksistensi penguasaan bisnis dan implementasinya. Jurnal Perilaku dan Strategi Bisnis, 9(2), 91–98.
Rigby, D. K., Sutherland, J., & Noble, A. (2018). Agile at scale. Harvard Business Review, 96(3), 88–96.
Saunila, M. (2020). Innovation capability for SME success: Perspectives of financial and operational performance. Journal of Advances in Management Research, 17(2), 174–187. https://doi.org/10.1108/JAMR-01-2019-0018
Schwab, K. (2017). The Fourth Industrial Revolution. Crown Publishing Group.
Tallon, P. P., Queiroz, M., Coltman, T., & Sharma, R. (2019). Information technology and the search for organizational agility. Information Systems Research, 30(2), 528–549. https://doi.org/10.1287/isre.2018.0808
Teece, D. J. (2018). Business models and dynamic capabilities. Long Range Planning, 51(1), 40–49. https://doi.org/10.1016/j.lrp.2017.06.007
Teece, D. J., Peteraf, M., & Leih, S. (2016). Dynamic capabilities and organizational agility: Risk, uncertainty, and strategy in the innovation economy. California Management Review, 58(4), 13–35. https://doi.org/10.1525/cmr.2016.58.4.13
Wamba, S. F., Gunasekaran, A., Akter, S., Ren, S. J., Dubey, R., & Childe, S. J. (2022). Big data analytics and firm performance: Effects of dynamic capabilities. Journal of Business Research, 120, 328–343. https://doi.org/10.1016/j.jbusres.2020.07.015
Wamba, S. F., & Queiroz, M. M. (2020). Blockchain in the operations and supply chain management: Benefits, challenges, and future research opportunities. International Journal of Information Management, 52, 102064. https://doi.org/10.1016/j.ijinfomgt.2019.102064
Worley, C. G., & Lawler, E. E. (2010). Agility and organization design: A diagnostic framework. Organizational Dynamics, 39(2), 194–204. https://doi.org/10.1016/j.orgdyn.2010.01.006
Xu, M., David, J. M., & Kim, S. H. (2021). The Fourth Industrial Revolution: Opportunities and challenges. International Journal of Financial Research, 12(2), 90–103. https://doi.org/10.5430/ijfr.v12n2p90
Downloads
Published
How to Cite
Issue
Section
License
Copyright (c) 2025 Ade Rifki Hidayat, Muhammad Yogi Hermanto, Muhammad Aldi Maulana, Vicky F Sanjaya

This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.








