The Impact of Enterprise Resource Planning on Business Performance: With the Discussion on Its Relationship with Open Innovation

AlMuhayfith, Sara; Shaiti, Hani

doi:10.3390/joitmc6030087

Cited by 51 publications

(33 citation statements)

References 91 publications

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“…Their tandem use is already observed in many industries and countries today, especially where there is a positive practice of spreading digital financial innovation (Degtereva et al 2019;Kingiri and Fu 2020). Such use is observed both in everyday activities in the interaction between households and the business sector (Al Muhayfith and Shaiti 2020;Lynn et al 2020), and in government regulation (e.g., the planned transition to digital control and supervision and governance based on big data (Ergunova et al 2019;Ovchinnikov et al 2020;Rakhmeeva 2019)).…”

Section: The Main Contributionsmentioning

confidence: 96%

“…Predicting the development of technologies, a new mode and economy becomes the focus of the global scientific community in the 21st century (the main global trends have been considered in a number of studies (Al Muhayfith and Shaiti 2020;Bataev 2018;Lynn et al 2020)). The scientific paradigm is also being transformed by global digital pressure, which is responsible for its constant dynamics in the surrounding space (Bailey et al 2020;Clegg 2011).…”

Section: Literature Reviewmentioning

confidence: 99%

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Building a Model for Financial Management of Digital Technologies in the Areas of Combinatorial Effects

et al. 2021

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The race of states for digital leadership faces the challenges of digital transformation foresight, providing combinatorial effects and acceleration of digitalization processes, contributing to a more efficient allocation of limited financial resources. This situation determines the relevance of the authors’ study, which aims to develop an appropriate model for the allocation of funds for digital technologies. The methodology of the study is based on the concepts of technological modes and cyclical development of the economy. The paper presents the authors’ definition of the concept “digital space,” which is new to Russian scientific literature. The key research method is mathematical modeling. The scientific novelty of the paper is chronological architectonics of digital transformations, built by the authors, and the model of distribution of financing under the investment constraints due to the trust limit of the society institutions, the time of fluctuations of the system of technological adaptation, and the response of the institutional environment to the digital limits of the transformations. The practical significance of the proposed models is the identified tandem interconnected digital technologies of the areas of combinatorial effects that accelerate the dynamics of Industry 4.0, as well as the resulting tools for the effective management of digital technology financing. The obtained theoretical and empirical results are desirable for the heads of government agencies, foundations, corporations, and development agencies, as well as enterprises interested in accelerating digital transformation and increasing strategic competitiveness in the digital space.

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Section: The Main Contributionsmentioning

confidence: 96%

Section: Literature Reviewmentioning

confidence: 99%

Building a Model for Financial Management of Digital Technologies in the Areas of Combinatorial Effects

et al. 2021

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“…A number of studies examined the quantification of the effects of applying the architectural approach, in particular for developing and adopting IT solutions [4,[24][25][26][27][28][29][30][31][32][33]. All of these studies conclude that EA is of major value for organizations and helps them achieve their business goals by harmonizing IT initiatives with business tasks.…”

Section: Related Workmentioning

confidence: 99%

“…To address the investment model issue, the study first analyzed the existing research [24][25][26][27][28][29][30][31][32][33] concerning forecasting and investment models (e.g., Total Cost of Ownership (TCO), Total Value of Ownership (TVO), Cost Effectiveness Analysis (CEA), business value approach) and highlighted their advantages and limitations. This review revealed that none of the previous methods of investment forecasting and performance assessment for adoption and upgrading of IT architecture and its items [42][43][44] provided an exhaustive description of the effect of implemented IT solutions.…”

mentioning

confidence: 99%

Investment Models for Enterprise Architecture (EA) and IT Architecture Projects within the Open Innovation Concept

Ilin

Levina

Dubgorn

et al. 2021

Journal of Open Innovation: Technology, Market, and Complexity

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Information technologies (IT) architecture and infrastructure is a significant cost item, especially for enterprises with complex production infrastructure and equipment that require automated and digital devices to collect and process primary data on technological and production processes. Most investment models for enterprise-wide development projects usually do not take into account the automation’s costs, including the design and implementation of information systems. The Enterprise Architecture (EA) paradigm has been proposed to bridge the gap between the business and the IT sector. The study aims to develop investment models for projects for the implementation and development of EA solutions, including IT architectures that eliminate the shortcomings of existing approaches. The research methodology is based on the analysis of published approaches to investment models for projects creating and developing EA, IT architectures with the identification of their advantages and limitations, and on the analysis of IT investment assessment practices in Russian infrastructure-intensive companies. As a result, investment and appraisal models are proposed that have advantages associated with the ability to calculate the effect of an integrated approach to the implementation of IT solutions, a more accurate calculation of an investment project cost by taking into account the IT system’s cost, a reduction in the investment cycle of development and implementation of architectural solutions, including physical and IT component.

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“…In [16], the authors analyzed the impact of ERP system adoption on business performance and innovation using a survey based technique. They surveyed 200 small and medium enterprises in Saudi Arab and results were based on 120 valid responses.…”

Section: Literature Reviewmentioning

confidence: 99%

An Analysis of Enterprise Resource Planning System Usage to Improve Business Process Performance

Saeed

Nizamani

et al. 2021

QUEST Research Journal

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Enterprise Resource Planning (ERP) is an information system which integrates business functions and processes. ERP systems are widely used in different commercial organizations and industries. For a number of reasons, ERP can be the cause of success in an organization and help improve individual’s performance in an organization by supporting better decision making. It is especially useful in helping an organization improve its productivity, reduce its operational cost and improve quality by efficient use of resources and effective communication. ERP implementation strategy greatly influences an industry‘s business process performance and can help lower organizational resistance to it. It also plays a vital role for business process performance because there is a passionate reaction to ERP that is a characteristic response to change connected with new innovation in an organization. This work is conducted to evaluate the ERP implementation and its influence on enterprise infrastructure, especially how the business performance is improved. The method used in this study is survey based, using interviews from more than 100 experts from different organizations in Karachi, Pakistan. The results show significant role of ERP system in raising business process performance of the organizations. Overall, ERP system impacts heavily an industry in terms of business process performance and also helps improve individual performance, considering how organizational resistance is managed using various strategies and communicating well.

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The Impact of Enterprise Resource Planning on Business Performance: With the Discussion on Its Relationship with Open Innovation

Cited by 51 publications

References 91 publications

Building a Model for Financial Management of Digital Technologies in the Areas of Combinatorial Effects

Building a Model for Financial Management of Digital Technologies in the Areas of Combinatorial Effects

Investment Models for Enterprise Architecture (EA) and IT Architecture Projects within the Open Innovation Concept

An Analysis of Enterprise Resource Planning System Usage to Improve Business Process Performance

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