Innovation-based Strategic Vision Development: the Example of the Turkey
Year: 2024
Type: article
Abstract: In particular, the article centers on strategic vision as an output of innovation in organizations with a special focus on developing Turkey. Innovation is the key that provides competitive advantage and allows businesses and governments alike to adapt to fast-changing globalised markets. This study explores an approach in which Turkey has incorporated the innovative and entrepreneurship based strategies into the economic development plans, policies and business models. The paper analyses the sectoral progress that the country has made, in technology, manufacturing and the areas of digital transformation, demonstrates how this process of innovation can lead to sustainable growth while enhancing the country's competitiveness. These results show that the organizations, the state and the academic sectors must collaborate in order to create innovative ecosystem, which would contribute to the long-term strategic success. The piece gives companies the tools to create strategies that look forward by making innovation one of the main elements as companies ensure resilience and flexibility in a globalised economy. Keywords: Innovation, strategic vision, Turkey, development, organization.
Language: English
Subfield: Strategy and Management
Domain: Social Sciences
Open Access status: diamond
OpenAlex ID: W4405965034