Collaborative Governance for Cultivating an Innovation-Oriented Economy

Abstract

This paper explores the concept of collaborative governance as a strategic approach for fostering innovation in the economy. Drawing on interdisciplinary perspectives from public administration, innovation management, and governance studies, we examine the role of collaborative frameworks and partnerships in driving innovation across various sectors and domains. Through a comprehensive review of literature and case studies, we analyze the mechanisms through which collaborative governance structures facilitate knowledge exchange, resource sharing, and collective problem-solving among diverse stakeholders, including government agencies, businesses, research institutions, and civil society organizations. Furthermore, we explore the key success factors and challenges associated with implementing collaborative governance models in fostering an innovation-oriented economy. Insights from this study offer practical implications for policymakers, organizational leaders, and community stakeholders seeking to leverage collaborative approaches to promote innovation, economic growth, and sustainable development.