Essays on digitalization among small and medium-sized firms : Complementary and contingent approaches

This dissertation explains how and under what circumstances the operational performance of small and medium-sized (SME) firms is most likely to benefit from digitalization. This topic will be examined by combining the resource-based view (RBV) and contingency theory, that is, using the contingency RBV, which remains relatively rarely used in current research. The perspective permits an examination of the impact of various resources and capabilities in the presence of situational factors. The dissertation consists of five papers dealing with digitalization in SMEs operating in various areas. The research relies on two surveys involving Finnish SMEs from manufacturing industries, the first of which provides cross-sectional data. Together the two datasets provide the longitudinal data informing the dissertation. The research shows that the contingency RBV provides a comprehensive framework that can assist in examining how and in what circumstances SMEs can benefit from digitalization, that benefit being measured from an operational improvement perspective. Previous research on SMEs is limited, so the first result of this thesis involves testing a theoretical framework for SMEs in the context of their digitalization. The research results show that the benefits of digitalization for operational performance arise through two different mechanisms, and digitalization alone does not affect the firm's success. The effect of digitalization on SMEs’ operational performance emerges from the complementarity between digitalization and firms’ organizational attributes, factors, or resources that enhance performance. The second mechanism relates to environmental and situational factors and shows that both the firm's internal and external environment determine the level of the impact of digitalization. Among Finnish SMEs, digitalization produces value in the form of improved operational performance when digitalization, resources, and capabilities bolster each other in internal and external environments conducive to digitalization.Tässä väitöskirjassa selvitetään miten ja missä tilanteessa pienet ja keskisuuret (pk) yritykset pystyvät todennäköisemmin hyötymään digitalisoitumisestaan operatiivisen suorituskyvyn näkökulmasta. Aihetta tarkastellaan yhdistämällä resurssi- ja tilannetekijäteoria eli tässä työssä hyödynnetään tilanteista resurssiteoriaa, joka on nykyisessä tutkimuskentässä vielä varsin rajallisesti käytetty. Näkökulman mukaan erilaisten resurssien ja kyvykkyyksien vaikutusta voidaan tarkastella tilannetekijöiden ollessa läsnä. Väitöskirja muodostuu viidestä artikkelista, joissa käsitellään yritysten digitalisoitumista. Väitöskirjassa käyte¬tään kahta eri kyselytutkimusta, joihin suomalaiset valmistavan teollisuuden pk-yritykset ovat osallistuneet. Ensimmäinen aineisto on poikkileikkausaineisto ja aineistot yhdessä muodostavat toisen, pitkittäisen, aineiston. Tutkimustulokset osoittavat, että tilanteinen resurssiteoria muodostaa kattavan viitekehyksen, jonka perusteella voidaan lähestyä sitä, miten ja missä tilanteissa pk-yritykset pystyvät hyötymään digitalisoitumisesta parantuneen operatiivisen suorituskyvyn näkökulmasta. Aikaisempi pk-yrityksiin keskittynyt tutkimus on ollut vähäistä, joten tämän väitöskirjan ensimmäisenä tuloksena voidaan pitää teoreettisen viitekehyksen testaamista nimenomaan pienillä ja keskisuurilla yrityksillä niiden digitalisoitumisen kontekstissa. Tutkimustulokset osoittavat, että digitalisoitumisen hyöty operationaaliseen suoriutumiseen syntyy kahden erilaisen mekanismin kautta eli digitalisoituminen ei yksin vaikuta yrityksen menestymiseen. Ensimmäinen mekanismi muodostuu niin kutsutusta täydentävästä suhteesta, joka tarkoittaa sitä, että yrityksen digitalisoituminen vaikuttaa yrityksen muihin resursseihin ja kyvykkyyksiin vahvistavasti, ja yhdessä digitaaliset tekijät yrityksen resurssien ja kyvykkyyksien kanssa parantavat yrityksen suoriutumista. Toinen mekanismi liittyy kontingenssivaikutukseen, jossa tilannetekijät vaikuttavat yritysten digitalisoitumisesta syntyvään hyötyyn. Tulokset osoittavat, että mikäli yrityksen sisäinen ympäristö on suotuisa yrityksen digitalisoitumiseen, sillä on positiivisia vaikutuksia digitalisoitumisesta saatavaan hyötyyn. Tulosten mukaan myös ulkoinen ympäristö vaikuttaa yrityksen digitalisoitumisesta saatavaan hyötyyn. Suomalaisten pk-yritysten digitalisoituminen tuottaa yrityksille arvoa parantuneena operatiivisena suorituskykynä silloin, kun yritysten digitalisoituminen ja resurssit sekä kyvykkyydet vahvistavat toisiaan digitalisoitumiselle suotuisassa sisäisessä ja ulkoisessa ympäristössä.fi=vertaisarvioitu|en=peerReviewed

Dynamic capabilities for firm performance under the information technology governance framework

This study investigates the role of dynamic capabilities in the Information Technology (IT) governance view framework, and explores the relationship between three IT governance domains (Strategy, Management and Operations) and firm performance. It employs a mixed-methods approach with 42 interviews and survey from 134 successful European SMEs in the multi-country setting of Belgium, Bulgaria, Denmark, Spain and the UK. Our findings demonstrate that various IT governance mechanisms function as dynamic capabilities and are directly associated with firm performance. The impact of each mechanism is different. This study contributes to the field of IT Governance Framework in management and the results may be generalizable to wider economies and different organization types

Managing the challenges of today’s economic landscape

This volume combines twelve chapters written by fifteen academics from four countries namely Germany, Italy, Thailand, and Turkey. They are mainly based upon the outputs of the WIBF’s annual International Business Conferences. With this regard, we thank all participants for their contributions to the discussions, the referees for their time and energy, and the chapter authors in this volume for their willingness and expertise.Managing the Challenges of Today’s Economic Landscape / Emin Akçaoğlu and Rainer Wehner -- Digitizing the Sales Process of SMEs: Development Tendencies and Relevant Technologies / Heiko Fischer, Thomas Berger and Sven Seidenstricker -- The Impact of Sustainability on Innovation in the Apparel Industry / Laura Schmiedle -- The Role of Savings Cooperatives as Financial Institutions to Provide Funds to SMEs in Thailand / Anucha Wittayakorn-Puripunpinyoo -- Do Management Accountants Need to Consider Gender in Supporting Decision-Making? / Björn Baltzer -- Economic Aspects as the Fundament of Commercial Law An Outline Based on Warranty Claims within a Supply Chain / Artur R. Fabisch -- Environmental Taxes and Sustainability in the European Union: Cases of Germany and Ireland / Rainer Wehner and Emin Akçaoğlu -- Innovation Formula and Innovation Test Bed: Development of an Instrument to Determine the Innovation Status in the Present / Gerhard Hube -- Cross Cultural Comparative Study of Sustainability Awareness in European Education: Cases of Italy, Germany Romania / Elia Francesca Pacelli -- Open Innovation Paradigm as Sustainability Booster in Supply Chains / Sabrina Salsano -- Green Finance for Sustainability: Practices by Turkish Banks / Yağmur Rençber and Halit Targan Ünal -- Developing Multicultural Leaders for International Entrepreneurship: An Examination of Effective Leadership Styles / Jessica Mante

Comparing world regional sustainable supply chain finance using big data analytics:A bibliometric analysis

Purpose: Sustainable supply chain finance (SSCF) is a fascinated consideration for both academics and practitioners because the indicators are still underdeveloped in achieving SSCF. This study proposes a bibliometric data-driven analysis from the literature to illustrate a clear overall concept of SSCF that reveals hidden indicators for further improvement. Design/methodology/approach: A hybrid quantitative and qualitative approach combining data-driven analysis, fuzzy Delphi method (FDM), entropy weight method (EWM) and fuzzy decision-making trial and evaluation laboratory (FDEMATEL) is employed to address the uncertainty in the context. Findings: The results show that blockchain, cash flow shortage, reverse factoring, risk assessment and triple bottom line (TBL) play significant roles in SSCF. A comparison of the challenges and gaps among different geographic regions is provided in both advanced local perspective and a global state-of-the-art assessment. There are 35 countries/territories being categorized into five geographic regions. Of the five regions, two, Latin America and the Caribbean and Africa, show the needs for more improvement, exclusively in collaboration strategies and financial crisis. Exogenous impacts of wars, natural disasters and disease epidemics are implied as inevitable attributes for enhancing the sustainability. Originality/value: This study contributes to (1) boundary SSCF foundations by data driven, (2) identifying the critical SSCF indicators and providing the knowledge gaps and directions as references for further examination and (3) addressing the gaps and challenges in different geographic regions to provide advanced assessment from local viewpoint and to diagnose the comprehensive global state of the art of SSCF

Open Innovation in Micro, Small and Medium-Sized Enterprises

This book unveils the importance of micro, small, medium, and large firms for fostering open innovation, using methodological designs based on both qualitative and quantitative approaches. Several dimensions of the inbound and outbound open innovation strategies and practices are explored, in the scope of University–University, University–Industry, and University–Society relations

Assessment of Socio-Economic Sustainability and Resilience after COVID-19

The pandemic period has caused severe socio-economic damage, but it is accompanied by environmental deterioration that can also affect economic opportunities and social equity. In the face of this double risk, future generations are ready to be resilient and make their contribution not only on the consumption side, but also through their inclusion in all companies by bringing green and circular principles with them. Policy makers can also favor this choice

Sustainable supply chain management towards disruption and organizational ambidexterity:A data driven analysis

Balancing sustainability and disruption of supply chains requires organizational ambidexterity. Sustainable supply chains prioritize efficiency and economies of scale and may not have sufficient redundancy to withstand disruptive events. There is a developing body of literature that attempts to reconcile these two aspects. This study gives a data-driven literature review of sustainable supply chain management trends toward ambidexterity and disruption. The critical review reveals temporal trends and geographic distribution of literature. A hybrid of data-driven analysis approach based on content and bibliometric analyses, fuzzy Delphi method, entropy weight method, and fuzzy decision-making trial and evaluation laboratory is used on 273 keywords and 22 indicators obtained based on the experts’ evaluation. The most important indicators are identified as supply chain agility, supply chain coordination, supply chain finance, supply chain flexibility, supply chain resilience, and sustainability. The regions show different tendencies compared with others. Asia and Oceania, Latin America and the Caribbean, and Africa are the regions needs improvement, while Europe and North America show distinct apprehensions on supply chain network design. The main contribution of this review is the identification of the knowledge frontier, which then leads to a discussion of prospects for future studies and practical industry implementation