Does the development of digital technology contribute to the innovation performance of China's high-tech industry？

Wan, Qunchao; Tang, Shiyi; Jiang, Zhenwu

doi:10.1016/j.technovation.2023.102738

Cited by 30 publications

(9 citation statements)

References 63 publications

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“…On the one hand, the efficiency, cost‐effectiveness, and broad reach of digital technology can effectively control the production, management, and operational costs of manufacturing companies (Mikalef et al, 2020; Zhou et al, 2019). On the other hand, digitalization facilitates more convenient and efficient collection, analysis, and utilization of information, enabling a deeper understanding of customer behavior, preferences, and needs, and thereby granting competitive advantage through unique product and service offerings (Wan et al, 2023; Wen et al, 2022). However, due to the substantial resource investment required in the digitalization process, its effect on differentiation competitive advantage is more pronounced than on low‐cost competitive advantage.…”

Section: Discussionmentioning

confidence: 99%

“…Firstly, one of the paramount paths to enhancing differentiation advantage via digitalization is through product and service innovation (Wen et al, 2022). Represented by cloud computing, the Internet of Things, and Big Data analytics, the new generation of information technology can achieve fusion innovation with traditional industries by "connecting everything" (Langley et al, 2021), thereby boosting enterprise innovation capabilities (Wan et al, 2023). This information technology permeates all facets of an enterprise's business process, from R&D and manufacturing to sales and after-sales, enabling smoother communication between the enterprise and various stakeholders (Ferreira et al, 2019).…”

Section: Impact Of Digitalization On Differentiation Competitive Adva...mentioning

confidence: 99%

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Research on the influence of digitalization on competitive advantage of manufacturing enterprises

Zhang,

Pang,

2024

Manage Decis Econ

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In the current era of rapid digital development, the digital transformation of manufacturing has gradually become an inevitable trend in industry development, and the in‐depth study of the relationship between digitalization and competitive advantage has become an important topic in the field of management science. Based on data from Chinese‐listed manufacturing companies from 2012 to 2021, this paper uses empirical analysis to show that digitalization can effectively enhance the low‐cost competitive advantage and differentiation competitive advantage of manufacturing companies, with organizational slack and environmental uncertainty playing a moderating role in this process. The study also delves into the heterogeneity among firms of different scales, ownership characteristics, and life cycles. This research helps to examine the actual effectiveness of manufacturing companies in the process of digital transformation, while also providing a theoretical basis for how manufacturing companies can better acquire and maintain competitive advantages in the process of digitalization.

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Section: Discussionmentioning

confidence: 99%

Section: Impact Of Digitalization On Differentiation Competitive Adva...mentioning

confidence: 99%

Research on the influence of digitalization on competitive advantage of manufacturing enterprises

Zhang,

Pang,

2024

Manage Decis Econ

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“…The e-commerce transformation of agricultural wholesale markets is a process of technological advancements. Technological advancements can significantly reduce production costs, improving productivity with fewer inputs [ 11 ]. E-commerce is also a shining manifestation of technological progress in the Internet era and is gradually permeating all aspects of social development [ 12 ].…”

Section: Literature Reviewmentioning

confidence: 99%

Strategies selection for building e-commerce platforms for agricultural wholesale markets: A tripartite evolutionary game perspective

Luo,

Wang,

Liu

2024

PLoS ONE

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The rapid advancement and widespread implementation of digital technology have created opportunities for the e-commerce transformation of agricultural wholesale markets. The building of e-commerce platforms in this process is of utmost importance and should be approached methodically. This article analyzes the interests and behavioral choices of the agricultural wholesale markets, local government, and wholesalers by establishing a tripartite evolutionary game model. It applies replicator dynamics equations to describe the evolutionary strategies of each party. The findings of the study indicate that the behavioral choices of agricultural wholesale markets, local government, and wholesalers are influenced by their initial intentions. Furthermore, there exists a degree of alignment between the choices made by agricultural wholesale markets and wholesalers. The building of e-commerce platforms by agricultural wholesale markets can be facilitated through direct and indirect government subsidies; this also motivates wholesalers to adopt and utilize these platforms. Agricultural wholesale markets may further incentivize wholesalers to utilize their own e-commerce platforms by offering additional benefits. On the other hand, if the agricultural wholesale markets demonstrate strong initial inclinations toward using third-party e-commerce platforms. In this scenario, the local government has the potential to promote the widespread use of these platforms by providing both direct and indirect financial incentives to these markets, as well as actively encouraging wholesalers to participate in them. This study presents policy recommendations for agricultural wholesale markets and local government to support the effective implementation of e-commerce platforms in the agricultural wholesaler markets and facilitate a smooth transition to e-commerce in agricultural wholesale markets.

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“…With all the mentioned possibilities of using digital technology, it also has far-reaching and transforming effects, because it changes people's daily habits and improves their quality of life [8,9]. As a consequence, companies have to adapt by providing new innovative products and services; but at the same time, digitalization also offers options for process and other types of innovations [10,11]. Transformation is also manifested in the fact that innovations can grow into new business models, for example, digital entrepreneurship [12,13].…”

Section: Introductionmentioning

confidence: 99%

Sustainable Business Practices and the Role of Digital Technologies: A Cross-Regional Analysis

Plečko,

Bradač Hojnik

2024

Systems

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This study examines the relationship between digital transformation and sustainable practices within enterprises against the backdrop of global transformative forces framed within the holistic paradigm of systems thinking. It examines the extent to which digital advances either facilitate or impede the sustainable development of companies, while also considering the systemic impact of demographic variables (such as gender, age, education), national income levels, and geographical regions on business sustainability. Using data from the Global Entrepreneurship Monitor (GEM), which encompasses 26,790 entrepreneurs in 47 countries, this research uses multinomial regression to assess how these factors influence companies’ commitment to social and environmental goals. A key finding is that the strategic use of digital technologies in sales processes significantly increases the likelihood that entrepreneurs will integrate social and environmental considerations into their decision-making. Notably, this conscientious approach to business is most prevalent among entrepreneurs in Latin America and the Caribbean. Our findings underscore the central role of digital technologies in driving sustainable business transformation while also highlighting the significant influence of regional socio-environmental contexts on business sustainability orientations.

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Does the development of digital technology contribute to the innovation performance of China's high-tech industry？

Cited by 30 publications

References 63 publications

Research on the influence of digitalization on competitive advantage of manufacturing enterprises

Research on the influence of digitalization on competitive advantage of manufacturing enterprises

Strategies selection for building e-commerce platforms for agricultural wholesale markets: A tripartite evolutionary game perspective

Sustainable Business Practices and the Role of Digital Technologies: A Cross-Regional Analysis

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