Digital Transformation and Firm Performance in Green Industries: A Goal-Oriented Management Perspective on New Energy and Electric Vehicle Enterprises
DOI:
https://doi.org/10.54097/hxxtrf18Keywords:
Digital transformation, goal-oriented management, Management by Objectives (MBO), dynamic capabilities, firm performance, new energy enterprises, electric vehicle industry, sustainability performance, green transformation.Abstract
In today's ever-changing business landscape, digital transformation is a major strategic concern for businesses looking for performance gains. Yet, prior studies were disjointed in three fields: digital transformation, firm performance, and green industry environment (new energy and electric vehicle companies). This article examines the impact of digital transformation from a goal-oriented management viewpoint on new companies that aim to achieve their goals through new energy and electric vehicles. It relies on goal setting theory and a Management by Objectives (MBO) approach to examine how digitalisation can lead to better financial performance, operational efficiency, cost reduction, innovation capability and sustainability performance. The literature indicates that digital transformation has the potential to positively influence the multidimensional firm performance through business processes, resource optimisation, innovation potential and sustainability governance. In addition to the pressure of green transition, the restructuring of the supply chain, the high environmental uncertainty and the pressure of continuous innovation of new technologies, there are also high frequencies of energy and electric vehicle enterprises' sensitivity to digital transformation. In this study, the authors suggest a conceptual integration framework of the digital transformation, goal-oriented management mechanisms, dynamic capabilities and multidimensional firm performance. It contributes to the literature by offering a theoretical explanation of how digital transformation is translated into performance outcomes in the green industry context.
Downloads
References
[1] Ren, Y., Li, B., & Liang, D. (2023). Impact of digital transformation on renewable energy companies’ performance: Evidence from China. Frontiers in Environmental Science, 10, 1105686. https://doi.org/10.3389/fenvs.2022.1105686
[2] Panichakarn, B., Shafiq, M., & Wang, Y. (2024). The interplay of digital transformation, agility, environmental volatility, and innovation to spur enterprise performance. Journal of Open Innovation: Technology, Market, and Complexity, 10(4), 100408. https://doi.org/10.1016/j.joitmc.2024.100408
[3] Rehman, A. U., & Jajja, M. S. S. (2025). Strategic adaptation in the electric vehicle supply chain: navigating transformative trends in the automobile industry. Journal of Enterprise Information Management, 38(3), 745 767. https://doi.org/10.1108/JEIM 10 2024 0554
[4] Locke, E. A., & Latham, G. P. (2002). Building a practically useful theory of goal setting and task motivation: A 35 year odyssey. American Psychologist, 57(9), 705 717. https://doi.org/10.1037/0003 066X.57.9.705
[5] Rodgers, R., & Hunter, J. E. (1991). Impact of management by objectives on organizational productivity. Journal of Applied Psychology, 76(2), 322 336. https://doi.org/10.1037/0021 9010.76.2.322
[6] Guo, L., Chen, F., & Chen, L. (2025). How does digital transformation affect corporate sustainability performance? Evidence from listed energy companies in China. PLoS ONE, 20(6), e0325898. https://doi.org/10.1371/journal.pone.0325898
Downloads
Published
Issue
Section
License
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.
