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This qualitative literature review explores the evolving relationship between corporate governance and corporate strategy, focusing on recent insights and identifying future research directions. Drawing on a comprehensive analysis of studies from 2023–2024, the review highlights the pivotal role of governance mechanisms—such as board composition, accountability frameworks, and sustainability integration—in shaping strategic decision-making. Key findings reveal the increasing importance of diversity, long-term ownership structures, and adaptive governance practices in addressing global challenges. Furthermore, the study synthesizes the impacts of governance on strategic outcomes, emphasizing areas requiring further empirical exploration, such as the intersection of sustainability and innovation. This review contributes to the academic discourse by offering a consolidated perspective on governance-strategy dynamics while providing a roadmap for future research endeavors. Limitations and avenues for advancing the theoretical and practical understanding of this critical relationship are also discussed.

The era of Industry 5.0 marks a paradigm shift in the global business landscape, integrating advanced technologies with human-centric values to create more agile and responsive organizations. This study explores the application of Management Control Systems (MCS) in the digital era, focusing on technologies such as artificial intelligence (AI), blockchain, and the Internet of Things (IoT). The research method involved conducting an interactive webinar via the Zoom platform, including material presentations, panel discussions, and Q&A sessions. Evaluation was carried out through participant feedback to improve the quality of future activities. The findings reveal that implementing digital technologies in MCS enhances operational efficiency, flexibility, and organizational competitiveness. However, challenges such as workplace culture resistance and cybersecurity risks remain significant obstacles. Proposed solutions include continuous training and interdisciplinary collaboration to support sustainable digital transformation. With the right strategic approach, organizations can leverage the opportunities of the Industry 5.0 era to achieve sustainability and innovation.

This research explores the relationship between self-leadership, knowledge sharing, and innovative work behavior within higher education institutions. In the context of globalization and digitalization, innovation is essential for enhancing the competitiveness of educational entities. Self-leadership is pivotal as it motivates individuals to pursue goals independently, while knowledge sharing acts as a mediator that fosters collaboration and information exchange among individuals. The study employs a literature review methodology to analyze various relevant sources, revealing that the development of self-leadership and a culture of knowledge sharing significantly enhances innovative work behavior, ultimately contributing to improved educational quality and institutional competitiveness. The findings offer valuable insights for academic leaders aiming to cultivate an environment conducive to innovation.

In the competitive business world, organizational culture is a key factor affecting employee performance, especially in startup companies that often face challenges in growth and innovation. This study aims to analyze the influence of organizational culture on employee performance in startup companies, focusing on elements such as communication, collaboration, and managerial support. A strong organizational culture is believed to increase employee motivation and productivity, which in turn will contribute to the company's success. The results show that a positive organizational culture, including collaborative, innovative, and open values, contributes significantly to increased employee motivation and productivity. Employees who engage in a positive organizational culture tend to be more productive and have a higher retention rate because they feel supported by their company. The practical implication of this study is that startup companies need to actively create and build a productive work atmosphere to increase employee motivation.

The advancement of artificial intelligence (AI) technology has brought significant challenges to the legal system, especially regarding copyright protection. The ability of AI to produce works independently raises questions about originality, ownership, and legal responsibility. Existing legal systems are designed to protect human works, so they are not fully prepared to accommodate AI innovation. This article discusses the legal challenges presented by AI works and how the law can adapt to provide adequate protection. Approaches such as expanding the definition of originality, regulating contribution-based ownership, and harmonizing international policies are proposed as solutions. With inclusive regulation and responsive law enforcement, it is hoped that the legal system can maintain a balance between encouraging technological innovation and protecting human creative rights.

Mergers and acquisitions (M&A) are widely recognized as strategic instruments for corporate growth, restructuring, and competitive advantage. This semantic review synthesizes recent Scopus‑indexed literature to examine the strategic implications and performance outcomes of M&A. The study highlights that strategic alignment between acquiring and target firms is fundamental to synergy realization, operational efficiency, and innovation. Managerial expertise emerges as a decisive factor, with effective leadership ensuring smooth integration and long‑term value creation. Market dynamics, including economic volatility, regulatory changes, and geopolitical tensions, significantly influence M&A strategies and outcomes, while technological integration accelerates digital transformation and enhances competitive positioning. Cultural fit is identified as a critical determinant of organizational cohesion, with misalignment often leading to employee resistance and reduced productivity. Financial outcomes vary, ranging from profitability improvements through economies of scale to underperformance caused by overestimated synergies or poor integration. Furthermore, environmental, social, and governance (ESG) considerations are increasingly shaping M&A strategies, reinforcing stakeholder trust and sustainable value creation. By adopting a holistic approach that integrates strategic foresight, managerial acumen, market awareness, technological innovation, and sustainability, firms can optimize M&A as a tool for growth and resilience in dynamic global markets.

Digital society was born from the process of developing information technology which has formed a new world or new community, namely between the real world and the virtual world (cyber). The aim of this research is to discuss the importance of understanding the challenges and opportunities faced by society. In the use of digital technology, which is increasingly growing rapidly, marked by advances in information and communication technology, it is facing various significant challenges, including the digital divide, privacy and data security issues, as well as disruption of social values. Inequality in access to technology deepens social and economic disparities, while privacy and data security concerns raise concerns regarding the scope of personal information. But digital society also offers great opportunities, such as increased access to information that empowers individuals and groups, and the creation of virtual communities that support social solidarity and innovation. This research uses qualitative methods using data analysis through literature study. The qualitative approach was chosen because this research aims to obtain an understanding and explanation of the phenomenon of digital society with complex and varied challenges and opportunities from the perspective of the subjects involved. Data and information are obtained from various sources, including scientific journals, books, research reports, and online articles.

Micro, Small and Medium Enterprises (MSMEs) are an important sector in the Indonesian economy. However, many MSMEs face obstacles in accessing digital technology to improve competitiveness and innovation. With the development of the Smart City concept, which integrates technology to improve quality of life and access to public services, MSMEs in areas that adopt it have the opportunity to utilise digital technology. Madiun City, as part of the Smart City initiative, has great potential in developing an inclusive digital ecosystem for MSMEs. This research aims to formulate an effective website development model for MSMEs in Madiun City, to support product innovation and marketing and improve competitiveness in the digital market. The analysis shows that website development can improve MSME competitiveness and innovation, with benefits such as wider market access and integration with digital marketing technology. However, the main challenges faced are limited digital knowledge, development costs, and security threats. Therefore, support from the government and related institutions is needed to provide training and resources for sustainable website management.

This study investigates the influence of organizational innovation on management strategy in the education sector, focusing on the mediating role of strategic change. Quantitative data were collected through a structured survey (Cronbach’s Alpha > 0.7) and analyzed using Structural Equation Modeling (SEM) with a sequential explanatory mixed-methods approach. Key relationships were identified: organizational innovation significantly impacts management strategy (β = 0.45, p < 0.01), while strategic change mediates this relationship (β = 0.30, p < 0.01). Qualitative data from semi-structured interviews with 20 educational leaders revealed three critical themes: strategic alignment with institutional goals, the importance of participative leadership, and barriers such as resource constraints and bureaucratic inertia. These findings highlight the necessity of integrating innovation with strategic change to optimize management practices. The study contributes to literature by validating the dynamic capabilities framework in the education sector and addressing gaps related to the operationalization of innovation. Practical implications include fostering participative leadership, aligning innovation with institutional objectives, and streamlining resources to support transformative strategies. Policymakers and educational leaders are advised to implement context-sensitive frameworks to sustain innovation and enhance institutional adaptability.

In the business world, it is difficult to remain innovative and competitive in today's digital era. The aim of this research is to see how digital innovation can encourage employees to increase company efficiency and productivity. This research collects and analyzes various sources about the relationship between employee empowerment and digital innovation. The research results show that digital innovations, such as communication tools and collaboration platforms, increase employee creativity, collaboration and participation. Additionally, technology-based training improves performance and helps employees adapt. To gain a competitive advantage in the market, companies must implement employee empowerment and digital innovation strategies. These results provide important knowledge about human resource management on how to create an empowering and innovative work environment

This study aims to analyze how business model innovation and organizational structure play a role in increasing creativity in Small and Medium Enterprises (SMEs) through the Open Innovation approach. The research method used is qualitative with a case study approach on several SMEs that apply the principle of open innovation. The results show that the flexibility of organizational structure and the adoption of innovative business models are key to creating a sustainable innovative ecosystem. This study also underlines the importance of external collaboration, business model adaptability, and leadership that supports creativity. These findings provide practical implications for the development of SME policies and strategies in the digital economy era.

Muhammadiyah is an Islamic movement with the preaching of Amar Makruf Nahi Munkar which is based on Islamic faith and is based on the Qur'an and As-Sunnah. Many things drive the progress of this Muhammadiyah organization, such as the vision-mission, educational concept, goals, and curriculum that are mutually continuous so that Muhammadiyah can process well in the life of society. In Islamic education there are challenges that must be faced by Muhammadiyah because considering the development of Islam is very fast and also flexible and always relevant from time to time. One of the challenges to the development of Islamic education is the advancement of technology. The advancement of science and technology (iptek) requires all parties to be competent so as not to be eroded and crushed by the times. The negative and positive impacts of technological progress must be addressed with the right innovation. Innovation that can be applied by the Muhammadiyah organization is through the field of education. Education is a process that can shape human beings such as potential, personality, intelligence, noble morals, self-control, religion and skills needed in oneself and society.

The fusion of cultural heritage and digital technology has opened up new opportunities in the art of motifs and pottery making. This article explores design innovations that utilize digital technology to recreate traditional motifs in ceramic crafts. The research examines how techniques such as parametric design, 3D printing, and virtual reality can be used to preserve, adapt, and introduce cultural motifs to a wider audience. Case studies from several traditional artisan communities are analyzed to understand the impact of technology on the creative process, production efficiency, and preservation of cultural values. The results show that the integration of digital technology not only increases design flexibility but also strengthens the connection between tradition and modern innovation. This article provides important insights into the role of digital technology in fostering the sustainability of traditional crafts, while motivating future cross-disciplinary collaborations.

This study aims to interpret the cultural values of the Dayak Maanyan tribe through fables an economic development strategic plan. This study used qualitative analysis and literature studies methods. This study aims to discover on how the Dayak Ma’anyan tribe's fables can be adapted to create economic opportunities through creative and digital products. The results of this study indicate that the cultural values in the Dayak Ma’anyan tribe's fables are not only important as cultural preservation, but also contain the potential to support sustainable economic development. The significance of this study lies in the application of cultural values in the Dayak Maanyan tribe's fables as a basis for relevant economic innovation.

To be able to excel in business competition in the culinary industry, MSME managers need to carry out good sustainable innovation. The aim of this research is to assist and improve the rodokar business. Research methods that can help business actors in  designing a strategic plan is to use the Business Model Canvas. Data collection to carry out analysis on the Business Model Canvas was carried out by observation and interviews manager. Digitalization support activities marketing will be carried out in three stages: education, mentoring, and sustainability assessment. Training will given to increase partners' knowledge and understanding of various digital marketing platforms. The results of this activity are expected to expand partners' knowledge and understanding in the field of digitalization marketing. Mentoring activities are carried out to ensure partners are able to apply technology and training provided. In the end, the outcome that the partners want to achieve as business actors is an increase in partner economies of scale.

This study analyzes the role of the concept of monotheism and justice in the Islamic economic system through a literature study. The focus of the study is to explore how theological foundations can transform the conventional economic paradigm into a more just and sustainable system. The results show that the integration of monotheism and justice creates an economic model that pays attention to material and spiritual welfare, with instruments such as zakat as a redistribution mechanism. The study identifies challenges in implementing Islamic economics and offers strengthening strategies through education, policy, and technological innovation. In conclusion, Islamic economics has the potential to present a more just and inclusive economic system in the modern era.

The expansion of the scope of People's Economic Bank (BPR)s to enter the capital market is new in Indonesia. The legal arrangements are not yet fully regulated. Several obstacles are experienced by BPRs towards the capital market. Therefore, innovations are needed that can make BPRs enter the capital market by applying some existing legal arrangements even though they are not specifically regulating BPRs. The purpose of this study is to determine the barriers and innovations in the framework of BPR towards the capital market. Normative legal method by taking a statutory and conceptual approach. There are several challenges BPR in heading to the capital market. The answer to these challenges is innovation. The existence of innovations that can be applied to BPR in order to go to the capital market can be seen from the legal arrangements that already exist in other fields but can be applied in the BPR. BPR experiences several obstacles, including (1) Changes from closed to public LLC must go through several processes before heading to the capital market, (2) Changes in share ownership that can determine company policy and (3) Capital fulfillment factors required by the capital market. The innovations made are (1) the fulfillment of corporate governance, (2) Share ownership arrangements that can still be held by families with (a) The form of holding companies and subsidiaries with certain ownership arrangements, and (b) Applying dual class shares, (3) BPRs that have not met the capital requirements can enter through the OTC market with reporting obligations in each securities transaction.

This research analyzes the factors that influence the success of e-commerce applications in increasing sales in the digital era. With the development of technology and changes in consumer behavior, e-commerce has become one of the main platforms for businesses to reach customers more widely. The main factors analyzed include user experience, transaction security, product quality, customer service, digital marketing strategy and innovation. The research results show that the combination of these factors significantly influences purchasing decisions and customer loyalty. Good user experience, guaranteed data security, and effective marketing strategies are proven to increase sales and consumer trust. This study provides important insights for business people in maximizing the potential for implementing e-commerce in the competitive digital era.

Social media plays an important role in supporting innovation and digitalization of Micro, Small and Medium Enterprises (MSMEs) in Indonesia. This research aims to understand how social media affects the growth of MSMEs through marketing strategies and interactions with consumers. The method used is qualitative analysis on several case studies of MSMEs that successfully use social media. The results show that social media increases product visibility and allows MSMEs to interact directly with customers, understand their neaeds, and adapt quickly to market trends. In addition, feedback from consumers on social media drives product and service innovation. The conclusion of this study is that social media not only improves the competitiveness of MSMEs, but also contributes to national economic growth. The suggestion for MSMEs is to utilize social media proactively and take part in digital marketing training.The implications of this study emphasize the need for support from the government and related institutions in the form of training programs and access to technology to strengthen the capabilities of MSMEs in the digital era. Thus, social media can be a strategic tool for sustainable growth and innovation in the MSME sector.

Industrial policy in Indonesia faces significant challenges in an era of increasingly complex globalization. Globalization brings great opportunities for domestic companies to compete globally, but also poses risks such as economic inequality and unemployment. To address these challenges, the government needs to develop a smart industrial policy that not only encourages sectoral growth but also stimulates cross-sectoral innovation. Selecting imported goods, imposing high import fees on commodities that can already be produced domestically, and providing capital injections to companies with comparative advantages are effective ways to protect local industries from the negative impacts of globalization. Digitalization must also go hand in hand with the implementation of this strategy so that sectors can use digital technology to increase productivity and create new economic opportunities, especially for micro, small, and start-up businesses. Furthermore, Indonesia's economic strength in navigating the problems of globalization may lie in its integration with the creative economy. Indonesia's industrial economy requires creative and innovative human resources so that the creative sector can develop and compete on a global scale.