Does it pay to align a firm’s competitive strategy with its industry IT strategic role?

Yin, Jinmei; Wei, Shaobo; Chen, Xiayu; Wei, Jiuchang

doi:10.1016/j.im.2020.103391

Cited by 23 publications

(14 citation statements)

References 64 publications

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“…Instead of being viewed as a functional level and, in several situations, guided by a corporate strategy, the IT strategy should be incorporated into the organizational strategy in a systematic way named digital business strategy (or digital strategy), which comprises a corporate strategy developed and applied to leverage digital assets to achieve differential value [8,54]. This context of the merger of IT strategy with organizational strategy is often supported by other scholars, who claim that a complex alignment between IT and organization should take place to obtain a competitive advantage [13,64,65]. Ref.…”

Section: Aligning Ai Tools and It With Business Strategymentioning

confidence: 98%

“…In the late 1970s, scholars began to explore the ability of IT to affect business competition [31,62]. In this context, there are several researchers that have started to use the term "strategic use" to pertain to the ability of IT to formulate future corporate strategies or to help current ones, and to offer meaning to business [13,63]. Nevertheless, there is a historic debate on companies' inability to produce value from expenditure in IT applications, that many scholars relate to limited levels of alignment between the corporate and IT strategies [30,33,[64][65][66].…”

Section: Aligning Ai Tools and It With Business Strategymentioning

confidence: 99%

“…Taking into consideration the competitive environment of businesses and with vast amounts of data, scarce assets, hence the requirements for velocity in decision-making, several companies have been inspired to implement AI tools, primarily due to their expected implications exhibited by leading digital enterprises [8][9][10][11][12]. Recognizing that the process of transformation involves a review of the corporate strategy, various leading companies are reconsidering the strategic plans for integration of AI tools [13]. Although, researchers argued that further investigation is required to evaluate the magnitude of AI in the organizational planning and implementation of business strategy [14], since, as of yet, there are limited theoretical and empirical findings about the creation of value propositions through AI technologies [3,8,[14][15][16][17][18].…”

Section: Introductionmentioning

confidence: 99%

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Artificial Intelligence and Business Strategy towards Digital Transformation: A Research Agenda

2021

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In the past decade, current literature and businesses have drawn attention to Artificial Intelligence (AI) tools and in particular to the advances in machine learning techniques. Nevertheless, while the AI technology offers great potential to solve difficulties, challenges remain implicated in practical implementation and lack of expertise in the strategic usage of AI to create business value. This paper aims to implement a systematic literature review analyzing convergence of the AI and corporate strategy and develop a theoretical model incorporating issues based on the existing research in this field. Eighty-one peer-reviewed articles were discussed on the basis of research methodology from Webster and Watson (2002). In addition to gaps in future research, a theoretical model is developed, discussing the four sources of value creation: AI and Machine Learning in organizations; alignment of AI tools and Information Technology (IT) with organizational strategy; AI, knowledge management and decision-making process; and AI, service innovation and value. These outcomes lead to both theoretical and managerial viewpoints, with extensive possibilities to generate new methods and types of management practices.

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Section: Aligning Ai Tools and It With Business Strategymentioning

confidence: 98%

Section: Aligning Ai Tools and It With Business Strategymentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

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Artificial Intelligence and Business Strategy towards Digital Transformation: A Research Agenda

2021

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“…Since the independent variable EU and the intermediary variable STRA are calculated, when the mediating effect is analyzed for robustness, this research uses ROE as a measurement of firm performance to replace ROA for analysis based on previous research (Yin, Wei, Chen, & Wei, 2020). The results are the same as in previous research, which improves the robustness of this study.…”

Section: Robustness Checkmentioning

confidence: 65%

The Relationship between Environmental Uncertainty and Firm Performance in Chinese Listed Manufacturing Companies: The Mediating Role of Competitive Strategy

Zhao

Noordin

Sondoh

2022

5002

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Economic globalization has brought great challenges to companies. Faced with uncertainty, appropriate strategic choice is an important means to deal with uncertainty and competitive challenges. The purpose of this research is to investigate the mediating effect of competitive strategy on the relationship between environmental uncertainty and firm performance in Chinese listed manufacturing companies. This research uses OLS regression models to test the mediating role of competitive strategy. The data used in this research are all derived from the public financial statement of listed companies from 2007 to 2019. We found that there is a mediating role of competitive strategy on the relationship between environmental uncertainty and firm performance. In addition, corporate life cycle is introduced as a moderating variable in the relationship between environmental uncertainty and competitive strategy. This study provides strong evidence to help managers in the decision-making process under environmental uncertainty and give managers more accurate advice based on the corporate life cycle of their companies.

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“…Tallon 2008), Porter's (1980) generic business strategies (e.g. Yin et al 2020), or fit/integration between business and IT plan (e.g. Kearns and Lederer 2004).…”

Section: Strategymentioning

confidence: 99%

Lost in translation: IT business value research and resource complementarity—an integrative framework, shortcomings and future research directions

Schweikl

Obermaier

2022

Manag Rev Q

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Despite longstanding research efforts, there is still ambiguity surrounding the business value created by IT. To approach this conundrum, research focus has progressed from an isolated investigation of IT to the assessment of complementarity between IT and different non-IT resources such as work practices or decision structures. However, incoherence around the characteristics and scope of these complementary non-IT resources has created a fragmented body of research, preventing a sustainable knowledge creation. Thus, in this paper we synthesize the dispersed research efforts, identify shortcomings in the extant literature, and derive opportunities for future research. Specifically, we present a converging definition of complementary non-IT resources and specify their role in the value creation process from IT by viewing it through three distinct lenses: microeconomic theory, resource-based view, and contingency theory. We structure current research efforts by organizing complementary non-IT resources into distinct categories, namely strategy, structure, practices, processes, and culture (organizational resources), top management support, internal relations, and external relations (relational resources), worker skill (non-IT human resources), non-IT physical resources, as well as internal funds and external funds (financial resources). Finally, we highlight five important shortcomings in the current literature, such as the predominant use of reductionist approaches or monolithic IT measures, and make actionable recommendations to resolve them.

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Does it pay to align a firm’s competitive strategy with its industry IT strategic role?

Cited by 23 publications

References 64 publications

Artificial Intelligence and Business Strategy towards Digital Transformation: A Research Agenda

Artificial Intelligence and Business Strategy towards Digital Transformation: A Research Agenda

The Relationship between Environmental Uncertainty and Firm Performance in Chinese Listed Manufacturing Companies: The Mediating Role of Competitive Strategy

Lost in translation: IT business value research and resource complementarity—an integrative framework, shortcomings and future research directions

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