The Impact of Top Management Team Digital Attention on Enterprise Digital Capability in the Context of Digital Transformation
DOI:
https://doi.org/10.54097/mbr7jw19Keywords:
Digital Transformation, Top Management Team Digital Attention, Digital Investment, Digital CapabilityAbstract
With the extensive application of digital technologies, the digital economy has become a crucial driving force for China’s economic development, and the status and role of users in the market have been gradually enhanced. Under the user value-oriented business logic, digital technologies provide strong impetus for enterprise development, and digital empowerment is of great significance to enterprises. In addition, the concept of enterprise organizational design is increasingly becoming boundaryless, and more enterprises are conducting cross-border operations, leading to increasingly fierce market competition. Therefore, digital transformation is an inevitable choice for enterprise survival and development. It not only conforms to the current user value-oriented business logic, but also innovates traditional driving forces and strengthens core competitiveness. Digital transformation is an important cutting-edge theoretical issue that urgently requires attention in the digital era. However, surveys show that enterprises hold an ambivalent attitude toward digital transformation, and many are trapped in dilemmas such as “unable to transform, unsupported to transform, and unwilling to transform”. As the foundation of digital transformation, digital capability is a key factor affecting transformation performance, and insufficient digital capability has become a major practical problem. According to the Attention-Based View, the attention allocation of the top management team exerts a significant impact on firm behavior. The results indicate that TMT digital attention positively affects enterprise digital capability, which facilitates digital transformation and promotes the development of China’s digital economy.
Downloads
References
[1] Yuan C, Xiao T S, Geng C X, et al. Digital Transformation and Enterprise Division of Labor: Specialization or Vertical Integration[J]. China Industrial Economics, 2021(09): 137-155.
[2] Zhu X M, Lin X Y, Wang T D. The Impact of Enterprise Digital Transformation Strategy and Capabilities on Product-Service Systems[J]. Foreign Economics & Management, 2022, 44(04): 137-152.
[3] Fischer M, Imgrund F, Janiesch C, et al. Strategy Archetypes for Digital Transformation: Defining Meta Objectives Using Business Process Management[J]. Information and Management, 2020, 57(5): 103262. DOI: https://doi.org/10.1016/j.im.2019.103262
[4] Xiao J H. Enterprise Cross-System Digital Transformation and Management Adaptive Change[J]. Reform, 2020(4): 37-49.
[5] Ma S, Li C X. Research on Digital Transformation of Time-Honored Enterprises from the Perspective of Paradox Management[J]. China Soft Science, 2020(04): 184-192.
[6] Liu S C, Yan J C, Zhang S X, et al. Can Digital Transformation of Enterprise Management Improve Input-Output Efficiency?[J]. Management World, 2021, 37(05): 170-190+13.
[7] Yi J B, Zhang Z Y, Yang X P, et al. Organizational Inertia, Digital Capabilities and Business Model Innovation of Internet Enterprises[J]. Nankai Business Review, 2022, 25(05): 29-42.
[8] Lyytinen K, Yoo Y, Bowman R J Jr. Digital Product Innovation Within Four Classes of Innovation Networks[J]. Information Systems Journal, 2016, 26: 47-75. DOI: https://doi.org/10.1111/isj.12093
[9] Benhayoun-Sadafiyine L, Dain M A L, Dominguez-Péry C. Absorptive Capacity of SMEs in Collaborative Networks: A Contextualized Operationalization[J]. Post-Print, 2018, 6: 172-185.
[10] Qi Y D, Xiao X. Enterprise Management Reform in the Digital Economy Era[J]. Management World, 2020, 36(06): 135-152+250.
[11] Zhou W H, Wang P C, Yang M. Digital Empowerment Promotes Technological Innovation of Mass Customization[J]. Studies in Science of Science, 2018, 36(08): 1516-1523.
[12] Hambrick D C, Mason P A. Upper Echelons: The Organization as a Reflection of Its Top Managers[J]. Academy of Management Review, 1984, 9(2): 193-206. DOI: https://doi.org/10.2307/258434
[13] Simon H A. Administrative Behavior[M]. New York: Macmillan, 1947.
[14] Ocasio W. Towards an Attention-Based View of the Firm[J]. Strategic Management Journal, 1997, 18(S1): 187-206. DOI: https://doi.org/10.1002/(SICI)1097-0266(199707)18:1+<187::AID-SMJ936>3.0.CO;2-K
[15] Wu J Z, Hua X Y. Top Management Team Attention and Corporate Green Innovation Strategy: Empirical Evidence from Listed Manufacturing Firms in China[J]. Studies in Science of Science and Management of S.& T., 2021, 42(09): 122-142.
[16] Li Q, Liu L G, Shao J B. Digital Transformation, Supply Chain Integration and Enterprise Performance: The Moderating Effect of Entrepreneurship[J]. Economic Management Journal, 2021, 43(10): 5-23.
[17] Ji F, Jia X D, Lin T T. The Concept and Structural Dimensions of Manufacturing Enterprise Digital Capability: An Exploratory Research Based on Grounded Theory[J]. Journal of China University of Mining & Technology (Social Sciences), 2022, 24(05): 151-166.
[18] Wu J Z, Zeng X J, Zhao Y. Top Management Team Attention and Enterprise Innovation Strategy: The Moderating Effects of CEO Duality and Organizational Slack[J]. Studies in Science of Science and Management of S.& T., 2016, 37(05): 170-180.
[19] Lou R P, Zhang H, Mai S S. Digital Investment and Innovation Performance in Manufacturing Enterprises: The Mediating Role of Human Capital[J]. Journal of Hainan University (Humanities & Social Sciences), 2022, 40(06): 100-112.
[20] Yu M G, Hui Y F, Pan H B. Political Connections, Rent-Seeking and the Effectiveness of Local Government Subsidies[J]. Economic Research Journal, 2010, 45(3): 65-77.
[21] Lyu R J, Zhang S J, Wu C. The Impact of Top Management Team Attention on Enterprise Technology Acquisition Mode: From the Perspective of Intelligent Manufacturing[J]. Science and Technology Management Research, 2020, 40(08): 166-175.
[22] Wang M, Zhang B C. The Impact of Enterprise Digital Capability on Business Model Innovation: Based on the Perspective of Organizational Resilience and Environmental Turbulence[J]. Research on Financial and Economic Issues, 2022(07): 120-129.
[23] Fang H X, Jin Y N. Corporate Governance, Internal Control and Inefficient Investment: Theoretical Analysis and Empirical Evidence[J]. Accounting Research, 2013(07): 63-69+97.
Downloads
Published
Issue
Section
License
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.
