Digital transformation of business model innovation

Abstract

Because of the rising labor costs and the trade impact after joining the World Trade Organization, the textile industry in Taiwan has encountered many operational and production problems and obstacles. In addition, the lack of knowledge and resources for the digital transformation required to improve business performance has led to poor production and decision-making efficiency, and stagnant R&D for textile product innovation. In order to improve business operations, enhance customer satisfaction and experience, increase efficiency and reduce manual error, this study was conducted with senior executives and company managers in Taiwan’s textile industry as the target population. The knowledge, technological resources, and competitive pressure of digital transformation are the independent variables. The organizational innovation atmosphere is the moderating variable. The study analyzes the impact of digital transformation on the intention of enterprises. The results of the study show that the knowledge of digital transformation, technological resources, and the competitive pressure of the textile industry positively and significantly affect their perceived benefits of digital transformation. Digital transformation knowledge, technological resources, and competitive pressure will negatively and significantly affect the perceived risk of digital transformation. The perceived benefits and risks of digital transformation are related to the intention of digital transformation of enterprises. The organizational innovation atmosphere of the textile industry positively moderates the influence of perceived benefits on digital transformation intention. Finally, based on the research findings, this study provides practical recommendations to senior executives and company managers in the textile industry. It is also recommended to promote the digital transformation of related software and hardware vendors and government agencies, as well as the subsequent related research reference.

Linking business models and digital technologies through integrated reporting

“…Our research focused on exploring the information about the effects of multiple DT dimensions on BMs by interpreting disclosure from the IR ‘content element’ pertaining to it. In the current operating environment, the extant literature emphasised the importance of integrating digital technologies within the BM in order to remain competitive (Madlenak & Madlenakova, 2015), and several BM elements are impacted by the application of digital technologies, such as the value proposition, profit, cost structure, and processes (Tsai & Su, 2022). The disclosure of these elements has to be highlighted regardless of the benefit associated with them, although, as stated by Abhayawansa and Abeysekera (2009), it is also known that at times, information is given if the marginal benefit outweighs the information asymmetry.…”

“…Our research focused on exploring the information about the effects of multiple DT dimensions on BMs by interpreting disclosure from the IR 'content element' pertaining to it. In the current operating environment, the extant literature emphasised the importance of integrating digital technologies within the BM in order to remain competitive (Madlenak & Madlenakova, 2015), and several BM elements are impacted by the application of digital technologies, such as the value proposition, profit, cost structure, and processes (Tsai & Su, 2022).…”

Assessing the impact of digital transformation on capital market information efficiency under environmental uncertainty: Evidence from China

“…Liu et al (2011) suggested that digital transformation is an organisational transformation that integrates digital technologies and business processes in the digital economy [18]. Tsai et al (2022) argued that digital technologies, as part of transformation, are becoming a part of business strategy, organisational culture, and structure [19].…”

The impact of entrepreneurial team psychological capital on innovation performance: The mediating role of knowledge sharing and knowledge hiding

“…most scholars consider organizational innovation climate as a theoretical framework at the organizational level, a psychological climate that indirectly affects innovation performance of firms, Organizational innovation climate has been found to be an effective predictor of employee creativity and organizational innovation ( Hsu and Chen, 2017 ). Scholars have shown that organizational innovation climate can positively moderate the impact of perceived benefits and perceived risks on digital transformation ( Tsai and Su, 2022 ). The higher the organizational innovation climate, the greater the positive impact of positive emotional climate on innovation performance, and conversely the weaker the positive impact of negative emotional climate on innovation performance ( Dou et al, 2022 ).…”