Business Strategy and Development最新文献

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Significance of Industry 4.0 in Achieving Sustainable Performance Across Supply Chains—A Research Perspective
IF 4.8
Business Strategy and Development Pub Date : 2025-01-21 DOI: 10.1002/bsd2.70064
Snehal Govardhan, Balkrishna Eknath Narkhede, Rakesh D. Raut, Linda L. Zhang, Sudishna Ghoshal
{"title":"Significance of Industry 4.0 in Achieving Sustainable Performance Across Supply Chains—A Research Perspective","authors":"Snehal Govardhan,&nbsp;Balkrishna Eknath Narkhede,&nbsp;Rakesh D. Raut,&nbsp;Linda L. Zhang,&nbsp;Sudishna Ghoshal","doi":"10.1002/bsd2.70064","DOIUrl":"https://doi.org/10.1002/bsd2.70064","url":null,"abstract":"<div>\u0000 \u0000 <p>The enabling technologies in Industry 4.0 (I4.0) are leading to dramatic transformations of supply chains and helping organizations achieve sustainable development goals. With ever-increasing pressure from regulators and customers to adopt environment-friendly business practices, achieving sustainable development goals has become critical for any organization. Thus, the seamless deployment of various enabling technologies in I4.0 is vital for managing and enhancing sustainable supply chain performance (SSCP). Adopting enabling technologies across supply chains and their implications on sustainable performance is an emerging area that needs extensive academic research and lasting attention from the practice. This paper examines the adoption of I4.0's digital technologies in the context of SSCP. Bibliometric literature review (SLR) methodology and bibliometric analysis are conducted to analyze the existing literature in SSCP. Moreover, cocitation network analysis and coword analysis are carried out to determine different themes of the literature. Integrating I4.0's enabling technologies is indispensable for enhancing supply chains' social, economic, and environmental performance. The conceptual framework proposed for realizing SSCP based on the I4.0's enabling technologies is a novel contribution. It encompasses competitive advantages, supply chain strategies, and all three aspects of sustainability across a supply chain. This study suggests a framework that contributes to SSCP by adopting I4.0's enabling technologies. Moreover, it identifies a future scope for quantitative research on the contribution of particular I4.0 technologies in dimensions of sustainable supply chains.</p>\u0000 </div>","PeriodicalId":36531,"journal":{"name":"Business Strategy and Development","volume":"8 1","pages":""},"PeriodicalIF":4.8,"publicationDate":"2025-01-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143117839","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Sustainable Equity Index Dynamic: Connectedness and Information Asymmetry in Emerging Markets
IF 4.8
Business Strategy and Development Pub Date : 2025-01-21 DOI: 10.1002/bsd2.70072
Rajesh Bhue, Umakanta Gartia, Ajaya Kumar Panda, Swagatika Nanda
{"title":"Sustainable Equity Index Dynamic: Connectedness and Information Asymmetry in Emerging Markets","authors":"Rajesh Bhue,&nbsp;Umakanta Gartia,&nbsp;Ajaya Kumar Panda,&nbsp;Swagatika Nanda","doi":"10.1002/bsd2.70072","DOIUrl":"https://doi.org/10.1002/bsd2.70072","url":null,"abstract":"<div>\u0000 \u0000 <p>The aim of the study is to investigate the evidence of information asymmetry, dynamic connectedness, and volatility spillover among ESG equity indices of emerging market economies. Using Sign bias test and GARCH family models, the study finds that ESG equity indices have a leverage effect, significantly impacted by bad news over good news shock. The study has used FIGARCH model to measure the persistence of long-memory effects across the emerging market. Further, to ensure the interconnection between ESG equity indices that may arise due to the persistence of long-memory effects, the stusy has examined estimates of TVP-VAR, and finds moderate interconnection between ESG equity indices. To be specific, ESG equity indices of the Philippines, Indonesia, Korea, Singapore, and India are more sensitive to receiving any sustainable innovation shocks from Brazil, South Africa, and Mexican ESG indices. The study finds significant bidirectional relationships between the ESG equity indices of “Philippines and Brazil,” “Indonesia and India,” and “South Africa and Mexico” that may lead to the spreading of market contagion in the presence of more substantial leverage effects with a long memory. This research offers insights for investors to consider sustainable equity assets for efficient portfolio diversification, mitigating environmental, social, and governance risks associated with volatility spillovers and dynamic connectedness. Policymakers may refer the findings of the study to design effective ESG regulations, for reducing risk in global financial system. Since the pandemic has produced more economic and financial instability in emerging markets, investors and regulators may pay more attention to return and volatility connectivity among ESG equity indices and financial markets to safeguard investment and restore market stability.</p>\u0000 </div>","PeriodicalId":36531,"journal":{"name":"Business Strategy and Development","volume":"8 1","pages":""},"PeriodicalIF":4.8,"publicationDate":"2025-01-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143117866","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
The Impact of the Institutional Quality on the Development of Sustainable Innovation: A Multilevel Analysis
IF 4.8
Business Strategy and Development Pub Date : 2025-01-21 DOI: 10.1002/bsd2.70065
Agnesë Ibrahimi, Besnik Krasniqi, Gentrit Berisha, Gadaf Rexhepi
{"title":"The Impact of the Institutional Quality on the Development of Sustainable Innovation: A Multilevel Analysis","authors":"Agnesë Ibrahimi,&nbsp;Besnik Krasniqi,&nbsp;Gentrit Berisha,&nbsp;Gadaf Rexhepi","doi":"10.1002/bsd2.70065","DOIUrl":"https://doi.org/10.1002/bsd2.70065","url":null,"abstract":"<div>\u0000 \u0000 <p>What causes sustainable innovation has been the subject of recent academic and policy debate. This study examines whether the relationship between firm characteristics and sustainable innovation differs in European and non-European countries with different institutional contexts. Drawing on institutional theory and leveraging data from the 2020 Eurobarometer survey involving 15,000 interviews in 36 European and non-European countries, multilevel econometric analysis of firms in these countries reveals a robust connection between sustainable innovation and firm-specific factors and institutional quality. We combine the firm-level data from Eurobarometer 2020 with multiple sources of country-level data to measure the impact of institutional quality on -sustainable innovation. Using a multilevel logistic regression model the findings indicate that small and medium-sized enterprises tend to develop more sustainable innovations, and countries with superior institutional quality and institutional trust foster an environment conducive to sustainable innovation. The paper concludes with implications for theory and policy, suggesting how governments can influence the growth and development of sustainable innovation.</p>\u0000 </div>","PeriodicalId":36531,"journal":{"name":"Business Strategy and Development","volume":"8 1","pages":""},"PeriodicalIF":4.8,"publicationDate":"2025-01-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143117840","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
RETRACTION: The Interplay of Corporate Governance, Internal Audit Effectiveness, and Sustainable Financial Reporting Quality in Tanzanian Commercial Banks
IF 4.8
Business Strategy and Development Pub Date : 2025-01-20 DOI: 10.1002/bsd2.70062
{"title":"RETRACTION: The Interplay of Corporate Governance, Internal Audit Effectiveness, and Sustainable Financial Reporting Quality in Tanzanian Commercial Banks","authors":"","doi":"10.1002/bsd2.70062","DOIUrl":"https://doi.org/10.1002/bsd2.70062","url":null,"abstract":"<p>\u0000 <b>RETRACTION:</b> <span>Z., Ally</span> <span>2024</span>. <b>“</b> <span>The Interplay of Corporate Governance, Internal Audit Effectiveness, and Sustainable Financial Reporting Quality in Tanzanian Commercial Banks</span>,<b>”</b> <i>Business Strategy and Development</i> <span>7</span>, no. <span>3</span> (2024): e70016, https://doi.org/10.1002/bsd2.70016.\u0000 </p><p>The above article, published online on 26 September 2024, in Wiley Online Library (http://onlinelibrary.wiley.com/), has been retracted by agreement between the journal editor in chief, Prof. Richard Welford, and John Wiley &amp; Sons Ltd. A third party alerted the publisher that several references were inaccurate and did not resolve to a genuine DOI or online record. Additional investigation by the publisher found that more than a third of the references included in the article did not correspond to real publications or sources. The author responded to the inquiry by the publisher and stated that they had used AI software to locate the DOIs for references, which must have been the source of the reference errors. They confirmed that no AI software had been used in content generation, data analysis, or editing of the article's primary content. The author cooperated with the investigation and provided an updated list of references in order to resolve the errors. The journal and publisher reviewed the author's response as well as the updated list of references but determined that the validity of the corrected references could not be confirmed, and as such, a large-scale correction to the references and subsequent citations would be inappropriate. The retraction has been agreed to because the large number of incorrect or nonexistent references constitutes a major error in the article and renders large portions of the text unsubstantiated.</p>","PeriodicalId":36531,"journal":{"name":"Business Strategy and Development","volume":"8 1","pages":""},"PeriodicalIF":4.8,"publicationDate":"2025-01-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1002/bsd2.70062","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143117487","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
An Expert Study of Systemic Influences on Progress Towards Living Wages: A Key to Unlock the Sustainable Development Goals
IF 4.8
Business Strategy and Development Pub Date : 2025-01-20 DOI: 10.1002/bsd2.70048
Anna Barford, Annabel Beales, Marina Zorila
{"title":"An Expert Study of Systemic Influences on Progress Towards Living Wages: A Key to Unlock the Sustainable Development Goals","authors":"Anna Barford,&nbsp;Annabel Beales,&nbsp;Marina Zorila","doi":"10.1002/bsd2.70048","DOIUrl":"https://doi.org/10.1002/bsd2.70048","url":null,"abstract":"<p>Ending poverty in all its forms everywhere is Goal 1 of the Sustainable Development Goals the widespread payment of living wages as a minimum could substantially boost progress towards this development goal and others. Living wages, typically set higher than minimum wages, pay enough for workers to meet their needs and those of their families. Without living wages many workers earn poverty wages. Recognising renewed corporate and investor interest in living wages, this paper interrogates the logics and rationalities which shape discussions on living wages, drawing upon 31 semi-structured interviews with living wage professionals. Discourse analysis is used to identify the logics and rationalities which shape organisation-level progress towards living wages. Some logics, surrounding human rights, stakeholder capitalism, sustainable development, redistribution and social justice, encourage the implementation of living wages. Other logics, including shareholder capitalism, profit and mass consumerism, create a chilling effect on the living wages movement. At present, wages are the main mechanism for distributing money, so wage levels impact people's access to services and resources. The living wages agenda is progressing rapidly, comprising a 2024 International Labour Organization meeting of experts, corporate and investor commitments, worker demands, and the growing prevalence of geographically specific living wages calculations. It is therefore crucial that the logics and narratives underpinning decisions on pay are interrogated as these play a pivotal role in progress towards human rights, social justice and the Sustainable Development Goals.</p>","PeriodicalId":36531,"journal":{"name":"Business Strategy and Development","volume":"8 1","pages":""},"PeriodicalIF":4.8,"publicationDate":"2025-01-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1002/bsd2.70048","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143117485","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Uncovering the Catalysts of Sustainable Business Performance: Digital Orientation, Entrepreneurial Competency, and Strategic Change
IF 4.8
Business Strategy and Development Pub Date : 2025-01-20 DOI: 10.1002/bsd2.70070
Ali Mohsin Baawain, Abderrahim Laachach, Ali Said Jaboob, Kannapat Kankaew
{"title":"Uncovering the Catalysts of Sustainable Business Performance: Digital Orientation, Entrepreneurial Competency, and Strategic Change","authors":"Ali Mohsin Baawain,&nbsp;Abderrahim Laachach,&nbsp;Ali Said Jaboob,&nbsp;Kannapat Kankaew","doi":"10.1002/bsd2.70070","DOIUrl":"https://doi.org/10.1002/bsd2.70070","url":null,"abstract":"<div>\u0000 \u0000 <p>This research investigates the complex relationships between digital orientation, entrepreneurial competency, and strategic change, and their impact on sustainable business performance. It also explores how sustainable competitive advantage and flexible resources moderate the link between strategic change and sustainable performance outcomes in dynamic business environments. The authors collected survey data from 349 small and medium-sized enterprises (SMEs) to test the proposed model. They then used partial least squares structural equation modelling (PLS-SEM) with SmartPLS 4 software to analyze the relationships between the variables. The findings reveal that digital orientation strongly drives strategic change, which in turn strongly enhances sustainable business performance. Digital orientation also directly leads to sustainable performance. Strategic change mediates the relationship between digital orientation and sustainable performance, while entrepreneurial competency partially mediates the effects of digital orientation. Competitive advantage and flexible resources moderately strengthen the link between strategic change and sustainable performance. This study provides novel insights into the complex interplay between digital orientation, entrepreneurial competency, and strategic change, and how these factors jointly contribute to sustainable business performance. The findings also uncover the moderating roles of competitive advantage and flexible resources, offering practical guidance for managers seeking to enhance long-term organizational success in dynamic environments.</p>\u0000 </div>","PeriodicalId":36531,"journal":{"name":"Business Strategy and Development","volume":"8 1","pages":""},"PeriodicalIF":4.8,"publicationDate":"2025-01-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143117488","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Unveiling the Dynamics of Sustainable Development: A Holistic Examination of Green Organizational Learning, Innovation, and Performance in Indian SMEs
IF 4.8
Business Strategy and Development Pub Date : 2025-01-15 DOI: 10.1002/bsd2.70060
Irshad Ahmad Malik, Danish Mehraj, Viqar u Nissa, Ambreen Khursheed Wani
{"title":"Unveiling the Dynamics of Sustainable Development: A Holistic Examination of Green Organizational Learning, Innovation, and Performance in Indian SMEs","authors":"Irshad Ahmad Malik,&nbsp;Danish Mehraj,&nbsp;Viqar u Nissa,&nbsp;Ambreen Khursheed Wani","doi":"10.1002/bsd2.70060","DOIUrl":"https://doi.org/10.1002/bsd2.70060","url":null,"abstract":"<div>\u0000 \u0000 <p>This study examines the relationships between Green Organizational Learning (GOL), Green Organizational Innovations (GOI), and Organizational Performance (OP) in the manufacturing sector of Jammu and Kashmir. This region is known for its ecological vulnerability and recent shifts towards sustainable practices. The research involved a survey of 470 manufacturing firms using a simple random sampling technique. The study examines how organizations' engagement in environmental sustainability learning and innovation practices influences their performance. The SEM findings revealed a significant positive relationship between GOL and GOI and between GOI and OP. This suggests that adopting green innovations mediates the pathway through which learning about sustainability translates into performance gains. This study highlights the importance of fostering a culture of sustainability-oriented learning to spur innovation and enhance organizational performance. It also suggests that green innovations serve not just as a direct catalyst for improved performance but as a bridge, that amplifies the impact of organizational learning on performance outcomes. The study offers valuable insights for managers and policymakers who aim to integrate environmental sustainability into their strategic objectives, thereby contributing to global sustainability efforts and achieving competitive advantage.</p>\u0000 </div>","PeriodicalId":36531,"journal":{"name":"Business Strategy and Development","volume":"8 1","pages":""},"PeriodicalIF":4.8,"publicationDate":"2025-01-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143115431","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Technology Adoption Intention and Sustainable Entrepreneurship Ability of Rural Women in Bangladesh
IF 4.8
Business Strategy and Development Pub Date : 2025-01-15 DOI: 10.1002/bsd2.70067
Tanwne Sarker, Rana Roy, Sabina Yeasmin, Md. Ghulam Rabbany, Muhammad Asaduzzaman
{"title":"Technology Adoption Intention and Sustainable Entrepreneurship Ability of Rural Women in Bangladesh","authors":"Tanwne Sarker,&nbsp;Rana Roy,&nbsp;Sabina Yeasmin,&nbsp;Md. Ghulam Rabbany,&nbsp;Muhammad Asaduzzaman","doi":"10.1002/bsd2.70067","DOIUrl":"https://doi.org/10.1002/bsd2.70067","url":null,"abstract":"<div>\u0000 \u0000 <p>The expansion of women entrepreneurs in Bangladesh is essential for economic development, primarily driven by the use of Information and Communication Technology (ICT). This expansion is more noticeable in urban areas, generating a research gap to find out the adoption of ICT among rural women entrepreneurs. Our present study seeks to identify the factors influencing ICT adoption intentions among women entrepreneurs in rural Bangladesh. Data from 315 respondents were collected and analyzed utilizing partial least squares-structural equation modeling through Smart PLS 3.3v software. Our results reveal that women's utilization of ICT is positively associated with their access to material, mental, skill, usage, and ICT in microfinance. This adoption significantly upgrades the business skills of rural Bangladeshi women, offering essential insights for future entrepreneurs. Our study provides a comprehensive framework for assessing ICT adoption access points and offers policymakers' practical implications for empowering women by expanding ICT access to achieve Sustainable Development Goal 5.</p>\u0000 </div>","PeriodicalId":36531,"journal":{"name":"Business Strategy and Development","volume":"8 1","pages":""},"PeriodicalIF":4.8,"publicationDate":"2025-01-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143114915","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Exploring the Human Face of Engaged Environmental Strategies: The Role of Chief Executive Officer and Human Capital in Peruvian Firms
IF 4.8
Business Strategy and Development Pub Date : 2025-01-14 DOI: 10.1002/bsd2.70068
Javier Amores-Salvadó, Remy Michael Balarezo-Nuñez, Gregorio Martín-de Castro, Cristian González-Zubieta
{"title":"Exploring the Human Face of Engaged Environmental Strategies: The Role of Chief Executive Officer and Human Capital in Peruvian Firms","authors":"Javier Amores-Salvadó,&nbsp;Remy Michael Balarezo-Nuñez,&nbsp;Gregorio Martín-de Castro,&nbsp;Cristian González-Zubieta","doi":"10.1002/bsd2.70068","DOIUrl":"https://doi.org/10.1002/bsd2.70068","url":null,"abstract":"<div>\u0000 \u0000 <p>In emerging economies characterized by the absence of strong national regulatory institutional forces, the role of private initiative through companies and entrepreneurs is highly relevant and has a prominent role in addressing environmental problems. This work aims to improve the understanding of the role of two key human-based organizational factors, such as CEO environmental commitment and green human capital (GHC), on the effective implementation of corporate environmental strategies seeking to integrate and engage market and non-market stakeholders. Our empirical research was carried out in a sample of 86 Peruvian firms operating in different industries through in-depth interviews and questionnaires. Our results show the importance of CEO environmental commitment on the implementation of engaged environmental strategies, as well as the mediating and essential role of GHC in this relationship. We contribute to the literature debate by providing theory and empirical insights on the drivers of corporate environmentalism in developing countries, highlighting the importance of the human-based internal organizational factors as driving forces of corporate environmentalism.</p>\u0000 </div>","PeriodicalId":36531,"journal":{"name":"Business Strategy and Development","volume":"8 1","pages":""},"PeriodicalIF":4.8,"publicationDate":"2025-01-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143114821","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
AI-Enabled Governance in Traditional Chinese Medicine Enterprise Clusters: A Lifecycle and Stakeholder Perspective for Sustainable Development
IF 4.8
Business Strategy and Development Pub Date : 2025-01-10 DOI: 10.1002/bsd2.70069
Ying Liu, Theresa C. F. Ho, Rosmini Omar, Binyao Ning
{"title":"AI-Enabled Governance in Traditional Chinese Medicine Enterprise Clusters: A Lifecycle and Stakeholder Perspective for Sustainable Development","authors":"Ying Liu,&nbsp;Theresa C. F. Ho,&nbsp;Rosmini Omar,&nbsp;Binyao Ning","doi":"10.1002/bsd2.70069","DOIUrl":"https://doi.org/10.1002/bsd2.70069","url":null,"abstract":"<div>\u0000 \u0000 <p>Artificial Intelligence (AI) has emerged as a transformative tool for enhancing governance in enterprise clusters, improving competitiveness, and advancing sustainable development goals (SDGs). Despite its potential, the effective application of AI-enabled governance in Traditional Chinese Medicine (TCM) enterprise clusters remains underexplored, particularly given the unique challenges posed by their traditional practices, regulatory frameworks, and diverse stakeholder dynamics. Addressing this gap, this study investigates how AI-enabled governance can optimize the integration of external enterprises into TCM enterprise clusters across different stages of the lifecycle, thereby contributing to sustainable regional development. This study employs a lifecycle model to analyze the integration of external enterprises into TCM clusters, focusing on factors such as unit product costs, policy incentives, and joint action benefits. By comparing cost dynamics before and after cluster entry, this research maps the lifecycle processes of external enterprises and identifies AI-enabled governance tailored to the adaptation, maturity, and decline stages. The findings reveal that proactive and adaptive AI-enabled governance enhances sustainability by reducing costs, improving efficiency, and fostering collaboration among stakeholders. This study provides a dynamic perspective on cluster integration, extending the theoretical framework of organizational research. It offers policymakers and cluster managers actionable insights for leveraging AI-enabled governance to achieve sustainable regional development, foster innovation (SDG 9), promote economic growth (SDG 8).</p>\u0000 </div>","PeriodicalId":36531,"journal":{"name":"Business Strategy and Development","volume":"8 1","pages":""},"PeriodicalIF":4.8,"publicationDate":"2025-01-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143113704","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
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