INNOVATION MANAGEMENT STRATEGIES UNDER THE CONCEPT OF GOOD GOVERNANCE FOR CORPORATE SUSTAINABILITY
Keywords:
Good Governance, Innovation Management, Business Sustainability, Competitive AdvantageAbstract
In today's dynamic business environment, companies need to formulate appropriate innovation strategies to gain and maintain long-term competitive advantage. The article aims to identify key issues and practical approaches that can be effectively applied to improve innovation management under the principles of good governance in a sustainable business. Data from academic literature, peer-reviewed research articles and other credible sources from home and abroad were collected and analyzed to summarize the knowledge on the concepts of good governance and innovation management in the corporate context. The article explain that organizations that practice successful governance-based innovation management have three fundamental principles: strong organizational leadership, modern information technology management systems that facilitate decision-making processes, and continuous learning management systems. In addition, organizational culture and governance play a critical role in formulating strategic approaches to sustainable corporate management.
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