Integrated exploratory factor analysis and Data Envelopment Analysis to evaluate balanced ambidexterity fostering innovation in manufacturing SMEs

Ahmadi, Meghdad; Osman, Mohd. Hassan Mohd.; Aghdam, Mohammad Molani

doi:10.1016/j.apmrv.2020.06.003

Cited by 18 publications

(20 citation statements)

References 72 publications

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“…Jarmooka et al (2020) state that ICTs and knowledge management have a positive impact on innovation. Hannigan (2018) and Ahmadi et al (2020) found that the implementation of ICT has dramatically increased productivity gains owing to the new generation of business models that implement ICTs. Similarly, Cuevas-Vargas et al (2020) also observe that ICT usage significantly affects firm performance and is critical for any type of business.…”

Section: Evolution Of Digital Technologiesmentioning

confidence: 99%

The impact of digital technologies on business competitiveness: a comparison between Latin America and Europe

Bacca-Acosta,

Gómez-Caicedo,

Gaitán-Angulo

et al. 2023

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Purpose This study aims to examine how the adoption of digital technologies affects the business competitiveness of countries in Latin American and European countries. Design/methodology/approach This study used a structural model based on factors representing the pillars of the Global Competitiveness Index: financial system, adoption of information and communication technologies (ICT), skills, labor market, product market, macroeconomic stability, business dynamism and gross domestic product (GDP) purchasing power parity (PPP) as a percentage of the total world value. The authors considered 17 Latin American and 28 European countries. The model was analyzed by partial least squares-structural equation modeling. Findings ICT adoption in Latin American countries is a strong predictor of business dynamism (66% of the variance), skills (81% of the variance), product market (75% of the variance), labor market (42% of the variance) and financial system (49% of the variance). Similarly, ICT adoption in European countries is a strong predictor of business dynamism (35.6% of the variance), skills (72.2% of the variance), product market (51.6% of the variance), labor market (81.7% of the variance, but with a negative path coefficient) and financial system (38% of the variance). Practical implications Latin American countries should create policies to build skills to increase ICT adoption, and improve business and labor market dynamism. A theoretical implication is that the authors propose two structural models based on the GCI that best explains competitiveness in Europe and Latin America. Originality/value Using GCI data, the authors present empirical evidence on the predictors of competitiveness across 17 Latin American and 28 European countries with a special focus on the adoption of digital technologies.

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Section: Evolution Of Digital Technologiesmentioning

confidence: 99%

The impact of digital technologies on business competitiveness: a comparison between Latin America and Europe

Bacca-Acosta,

Gómez-Caicedo,

Gaitán-Angulo

et al. 2023

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“…An ambidextrous organization or business is one that is distinguished by its ability (j) to align and be effective in managing current business requirements and (ii) to adapt to changes in its environment (internal and external). Organizational ambidexterity is widely recognized as an important research model in the theory of organizational innovation [16,17]. The basic idea of ambidexterity is that businesses, independently of their size or activity, are called upon to face often conflicting and interrelated demands in their daily operations.…”

Section: Literature Reviewmentioning

confidence: 99%

Investigating the Research Trends on Strategic Ambidexterity, Agility, and Open Innovation in SMEs: Perceptions from Bibliometric Analysis

Ragazou

Passas

Garefalakis

et al. 2022

Journal of Open Innovation: Technology, Market, and Complexity

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The unprecedented conditions of restrictive measures that were suddenly imposed in 2020 due to the outbreak of the COVID-19 pandemic affected business activity globally. To deal with the consequences that were caused by the pandemic, most SMEs had to adopt strategies which will enhance their development and footprint in the business arena. With this study, we aim to propose a theoretical approach, via bibliometric analysis, of a new business model innovation that will be based on the triple-win formula of strategic agility, ambidexterity, and open innovation. Open innovation can help SMEs develop their ambidexterity and agility capacity and become more efficient, which can contribute to gaining competitive advantage. To approach this issue, a bibliometric analysis was conducted based on 606 articles that were published in the timespan of 2008–2021. The bibliometric analysis used various indicators such as the scientific production in the studied field, h-Index, co-occurrence collaboration, Multiple Correspondence Analysis (MCA), keyword analysis, and thematic mapping. Biblioshiny and VOSviewer were used to process the data, and contributed to the visualization of the results. Of the 476 sources that were analyzed, most of the articles were published by Journal of Business Research; British scholars are those with the highest number of citations on the topic. This research provides insights related to the state of the art of the study area under analysis and highlights the gaps, which contributed to the building of a new business model innovation that will integrate not only ambidexterity and strategic agility, but open innovation, too. The new business model can help SMEs quickly adapt in the new business environment created by the past successive series of crises, such as the most recent financial crisis and the COVID-19 pandemic.

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“…Thus, the consumer acquires the supreme power and SMEs are urgently called to transform digitally and adapt in the new conditions as fast as they can to follow the new needs. Moreover, emerging themes illustrates the appearance of a new business model innovation, which can help SMEs to gain competitive advantage (Bedell-Pearce, 2018;Ahmadi et al, 2020;Hossain et al, 2022).…”

Section: Figure No 3 -Network Visualizationco-occurrence Of Author Ab...mentioning

confidence: 99%

Green Entrepreneurship and Digital Transformation of SMEs in Food Industry: Α Bibliometric Analysis

Sklavos

Duquenne

Theodossiou

2022

Sci. Ann. Econ. Bus.

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The emerging of green entrepreneurship and digital transformation improve businesses’ efficiency and meet consumers’ demand for environmentally sustainable products, reducing the environmental footprint and strengthening corporate responsibility to society. Moreover, the COVID-19 pandemic has become a key event changing our lives while businesses have to change their daily operations and working from home has become the norm. So, it is possible to say that business activities and business models have undergone some form of digital transformation due to the COVID-19 pandemic. In Greece, the Food Industry can be characterized as one of the most dynamic and competitive economic sectors which is distinguished for its growth prospects. The aim of this study is twofold: (i) to investigate the impact of green entrepreneurship and digital transformation into the performance of Greek SMEs in the food sector and (ii) to highlight the new trends integrated in new business models in the sector. To meet the research purpose, a bibliometric and co-citation analysis was used based on the R package and graphene as a subject of research for bibliometric analysis. The knowledge gained in this article shows how the digital transformation changed the functioning of the companies in the food industry. The conclusions of this article are mainly for the enterprises that are considering their own digitalization, which contributes to the long-term sustainability of them.

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Integrated exploratory factor analysis and Data Envelopment Analysis to evaluate balanced ambidexterity fostering innovation in manufacturing SMEs

Cited by 18 publications

References 72 publications

The impact of digital technologies on business competitiveness: a comparison between Latin America and Europe

The impact of digital technologies on business competitiveness: a comparison between Latin America and Europe

Investigating the Research Trends on Strategic Ambidexterity, Agility, and Open Innovation in SMEs: Perceptions from Bibliometric Analysis

Green Entrepreneurship and Digital Transformation of SMEs in Food Industry: Α Bibliometric Analysis

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