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The development of financial technology has promoted the innovation and digital transformation of commercial banks. Through digital transformation, commercial banks can improve bank efficiency and operational capabilities. Through empirical analysis, this study explored the relationship between digital bank transformation and commercial bank operating capabilities and how COVID-19, bank categories, and enterprise life cycles affect the relationship between digital bank transformation and commercial bank operating capabilities. This study selected data from China's commercial banks from 2011 to 2021 and used the regression method of fixed effects to conduct an empirical analysis. The research results show that the digital transformation of banks has improved the operational capabilities of commercial banks. Further analysis showed that the emergence of COVID-19 has negatively affected their relationship. At the same time, compared with rural commercial banks and commercial banks in the recession and phase-out periods, non-rural commercial banks and commercial banks in the growth and maturity stages play a more vital moderating role in the impact of the digital transformation of banks on the financial performance of commercial banks. The main research object of this study is Chinese commercial banks, and this study examines the results of banks' digital transformation and enriches the research on digital transformation. At the same time, this study is helpful to investors who like investment banks and has good practical significance.
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Organizations, societies, and economies are the scope of sustainability in every community. The growing realization of electronically-enabled business as critical drivers of sustainable economic growth and development especially during crisis is no doubt propelling nations into harnessing the benefits of enterpreneural transformation in the 21st century and post covid-19 era. Teleworking and Telecommuting are technologies that have the ability to enable ubiquitous digital service transmissions needed to combat and curtail the prevalence of pandemics such as Covid-19. Capabilities of telecommuting can be effectively utilized to address the challenges associated with Covid-19 presently and in the post covid-19 era including threats in war-turned geographical spaces. However, there is the paucity of such knowledge, orientation and awareness amongst entrepreneurs, industries and companies in developing countries like Nigeria. This lacuna, if properly bridged will help unpack the link between production, consumption and service delivery in an emerging economy. This paper examines the notional impact of the concept of telecommuting and teleworking as a mechanism for a sustainable economic transformation and global repositioning of the work force beyond the covid crisis. Furthermore, it analyzes and juxtaposes the readibility of business environments to ensure their employee's safety in the work place and remote working, thus providing continuity to economic, productive and business activity. This conceptual study uses the interpretive paradigm, through deductive analysis to draw the conclusion that there is a very poor level of deployment of telecommuting and teleworking models in countries like Nigeria during crisis and pandemics and therefore recommends that organizations adopt this mechanism to propel safety of the workforce and reduce cost. With the approval for the operation of the 5G network in the Nigerian telecommunications space, entrepreneurs can explore the gains to sustain remote working or working from home in the post-covid-19 era.
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This study aimed to optimize the line managers performances in the human resources (HR) division in answering the role of the HR management function problem in Medan City Manufacturing Company. The novelty proposed is a concept of HR management called "Human Resources Professional Transformation". Specifically, this concept discussed the ability of HR division line managers to make adaptive changes to the company's business-oriented functional divisions with managerial competence, commitment, innovation capability, and readiness for changes towards work performance. The population of this research was the line manager of the HR division, totaling 185 respondents. The sampling technique used a probability sampling approach with simple random sampling through the slovin formula, totaling 126 respondents. The analytical tool used is structural equation software through the SmartPLS application program. The results showed that managerial competence, commitment, innovation capability had a positive and significant effect through the HR professional transformation on the performance of line managers in the HR division. Meanwhile, readiness for change has a positive and insignificant effect on the HR Professional Transformation. Readiness for change also has a positive and insignificant effect on the Line Managers Performances in the Human Resources Division through HR Professional Transformation. Based on the suitability test of the research model, it proved that the HR Professional Transformation can answer the problem of the role of the management function to improve the line managers performances in the HR division with managerial competence, commitment, innovation capability, and readiness for change of 0.907.
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Evaluation and selection of eco-innovation strategies is a significant and complex strategic decision, and despite the relevance and interest in the field of eco-innovation, the area of eco-innovation strategies has not been explored in depth in the scientific literature. Therefore, in this study, we propose an integrated approach to evaluating eco-innovation strategies from the perspective of strategic green transformation that helps decision-makers evaluate and select eco-innovation strategy aiming to achieve a competitive advantage. For this study, we adopted a validated multi-criteria decision-making methodology (MCDM) by combining Analytical Hierarchy Process (AHP) and The Technique for Order of Preference by Similarity to Ideal Solution (TOPSIS). The reliability of the proposed framework was tested and applied in the context of the Lithuanian furniture industry. This study offers three contributions and provides a comprehensive and profound insights into eco-innovation strategies. First, this study conceptualizes eco-innovation strategy from the perspective of strategic green transformation and proposed a novel definition and classification of eco-innovation strategies leading to competitive advantage. Second, this study proposes a novel approach to the evaluation of eco-innovation strategies taking into account micro-, meso-, and macro-level environmental factors. Third, the findings of this study provide implications for scholars and decision-makers in the field of eco-innovation strategy and set an agenda for future research.
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Until recent decades, labour-intensive subsistence farming was a way of life and livelihood in the hill communities of Uttarakhand, India. However, the nature of agriculture falls far short of the expectations of the main labour force, the rural youth, leading to their mass migration to non-agricultural occupations. The large-scale youth migration has left many hill farming landscapes depopulated and farmlands abandoned. As youth have special stakes in food systems, they must be included in the sustainable transformation of food systems. By doing so, the migration-prone hill region may be transformed into a place where rural youth have more options for work and income. Therefore, the agriculture sector needs to change and develop into a more engaging and youthful workplace. There are opportunities to explore and barriers to be removed. Besides identifying priority research areas on local food systems, in this exploratory research, we investigate opportunities to involve rural young people in the transformation of the food system. We document information by conducting focus group discussion (FGD) meetings in about 100 villages in the Uttarakhand hills, representing all major farming landscapes. This study mainly focuses on improving the production and consumption aspects of local food, which not only benefits the health and wellbeing of local communities but also has many positive economic, social, and environmental effects. In addition, we explore opportunities for reviving mountain agriculture through agri-ecotourism, which is a symbiotic relationship between tourism and agriculture. Making home- or farm stays in agri-ecotourism a subsistence strategy for local youth will contribute to a more prosperous rural economy. Recognising Uttarakhand's rich culture and heritage while exploring the culinary travel opportunities in homestays will provide opportunities to focus more on traditional food systems, exposing various tangible and intangible aspects of the host region's food culture to tourists. The findings of this study will aid in identifying specific policy issues for consideration by planners and policymakers at the local and state levels. Additionally, this exploratory study will assist young, motivated researchers in conducting follow-up, in-depth investigations and producing empirical data in their specialised fields.
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Digital transformation, which significantly impacts our personal, social, and economic spheres of life, is regarded by many as the most significant development of recent decades. In an industrial context, based on a systematic literature review of 262 papers selected from the ProQuest database, using the methodology of David and Han, this paper discusses Industry 4.0 technologies as the key drivers and/or enablers of digital transformation for business practices, models, processes, and routines in the current digital age. After carrying out a systematic literature review considering key Industry 4.0 technologies, we discuss the individual and collective ways in which competitiveness in contemporary organizations and institutions is enhanced. Specifically, we discuss how these technologies contribute as antecedents, drivers, and enablers of environmental and social sustainability, corporate growth and diversification, reshoring, mass customization, B2B cooperation, supply chain integration, Lean Six Sigma, quality of governance, innovations, and knowledge related to dealing with challenges arising from global pandemics such as COVID-19. A few challenges related to the effective adoption and implementation of Industry 4.0 are also highlighted, along with some suggestions to overcome them.
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Since the first half of 2020, the COVID-19 epidemic has continued to spread across the country. Based on this background, with the continuous promotion of a new round of technological innovation and industrial transformation, and the combined impact of the epidemic factors, the digital economy has become a new pillar of the steady development of China's macro economy. Emerging industries have provided good opportunities for the digital economy. Cyber security has risen to the height of national sovereignty, which is the direct embodiment of national competitiveness and the foundation for the healthy development of the digital economy. However, with the concentration of massive data and the progress of information technology, the data is easily and conveniently used, personal privacy security, corporate business secrets and even national security suffered serious damage, and network security protection has also become the bottleneck of the digital economy to a new level. It is particularly important to strengthen the network security governance capacity, improve the network security laws and regulations, and implement the hierarchical protection system. © 2023 SPIE.
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[...]we did, and we discussed digital transformation's evolution and how laboratories can benefit, too. Curtis: This is a term that's used in so many different contexts that it's important to step back and understand that it's not just about focusing on a micro-component of the work process in your laboratory, but about identifying and addressing a given process end to end. Specifically, you want to improve data capture throughout the entire process. [...]any type of digital transformation is about tackling the end-to-end process rather than any single system, which tends to be a very tactical approach. Digital transformation creates the opportunity to support remote teams and be much more flexible and effective with human capital.
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PurposeThere is an increasing interest in the supply chain's digitalization, yet the topic is still in the preliminary stages of academic research. The academic literature has no consensus and is still limited to research assessing the supply chain's digitalization of organizations. This study aims to explore the supply chain digitalization drivers to understand the emerging phenomena. More specifically, the authors devised from the literature the most common factors in assessing the readiness in scaling supply chain digitalization.Design/methodology/approachThis study followed a five-phased systematic literature review (SLR) methodology in this research: designing, analyzing, conducting, writing and assessing the quality of the review. The SLR is beneficial for justifying future research regardless of the complex process that requires dealing with high-level databases, information filtering and relevancies of the content. Through analysis of 347 titles and s and 40 full papers, the authors showed and discussed the supply chain digitalization: transformation factors.FindingsThe results generated three main themes: technology, people and processes. The study also generated ten subthemes/primary drivers for assessing the readiness for supply chain digitalization in organizations: IT infrastructure, cybersecurity systems, digitalization reskilling and upskilling, digitalization culture, top management support, digitalization and innovation strategy, integrated supply chain, digital innovation management, big data management and data analytics and government regulations. The importance of each factor was discussed, and future research agenda was presented.Research limitations/implicationsWhile the key drivers of the supply chain digitalization were identified, there is still a need to study the statistical correlation to confirm the interrelationships among factors. This study is also limited by the articles available in the databases and content extraction.Practical implicationsThis study supports decision-makers in understanding the critical drivers in digitalizing the supply chain. Once these factors are studied and comprehended, managers and decision-makers could better anticipate and allocate the proper resources to embark on the digitalization journey and make informed decisions.Originality/valueThe digitalization of the supply chain is more critical nowadays due to the global disruptions caused by the Coronavirus (COVID-19) pandemic and the surge of organizations moving toward the digital economy. There is a gap between the digital transformation pilot studies and implementation. The themes and factors unearthed in this study will serve as a foundation and guidelines for further theoretical research and practical implications.
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It is possible to define digital leadership as a type of leadership that is informed about digital technologies that help the digital transformation of employees and businesses and is also fed by modern leadership theories. The concept of digital leadership has come to the fore, particularly with Industry 4.0. Digital leadership is seen as an element that positively affects organizational culture and helps the development of the organization. Following the Covid-19 pandemic, businesses have experienced a considerable digital transformation, and it has been realized that digital leadership is now inevitable for businesses. Digital transformation is expected to contribute to the productivity and production of enterprises. The present study focused on the ability of digital leadership to avoid social loafing, which is negative organizational behavior. In particular, the extent to which job performance losses caused by social loafing were moderated by digital leadership was measured. In this regard, questionnaire forms were prepared and sent to 308 people. The collected data were interpreted by means of the Smart PLS program, and the results were obtained. In this respect, it is found that digital leadership has a moderating impact on the effect of social loafing on job performance. It is thought that the source of this effect could be explained in accordance with Social Impact Theory, Upper Echelon Theory, and Strategic Action Area Theory. (c) CIKD Publishing
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Purpose: This study attempts to answer how values and holiday preferences were shaped by the pandemic, how travellers view the future of tourism and how they are willing to contribute to potential changes. Furthermore, it examines the impact of socio-structural background factors, basic values and holiday preferences, and pandemic-related factors on the views of post-pandemic tourism. Design/methodology/approach: A longitudinal online survey was conducted in which 155 frequent travellers were interviewed both before and during the pandemic about their values and holiday preferences, attitudes towards travelling during the pandemic, and their prospective views regarding tourism. Findings: The findings revealed that values remained rather stable, but nature experiences, heritage tourism and beach offers gained more relevance when it came to holiday preferences. Concerning travellers' expectations of future tourism, environmental concern was ranked higher than economic profit. However, those striving for self-direction, stimulation and city tourism offers stated to be less willing to restrict their travel behaviour in the future. Research limitations/implications: Although our study is just based on a convenience sample, the authors were still able to address notable research gaps. First, because a longitudinal design was selected, it was possible to investigate any potential transitions in basic values and travel style and trace these changes back to the pandemic. Second, thanks to a sophisticated online survey, all concepts could be measured with well-developed scales, which increased the quality of the measurements and led to stable results. Third, young travellers can be considered proponents of future travel styles. Their way of acting and thinking about future tourism could significantly impact the prospective direction of tourism. Practical implications: This study makes a valuable contribution to changing holiday preferences and provides useful insights for the tourism industry about travellers' willingness to change their travel behaviour. Social implications: Since this study primarily considers human values and socio-structural factors, the findings are of particular interest from a sociological perspective and are also interpreted from this viewpoint. Originality/value: This study is one of only a few longitudinal studies focusing on holiday preferences and shifting values during COVID-19 and attempting to detect crucial drivers of potential tourism transformations in terms of perceptions from the demand side. © 2023, Wolfgang Aschauer and Roman Egger.
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New workspaces, such as coworking spaces (CSs), have had exponential growth in Portugal in recent years, both in number and variety. Lockdowns and other restrictive measures on mobility, employment and business activity during the COVID-19 pandemic have significantly impacted all sectors, albeit differently. This chapter summarises the central events related to the pandemic crisis in Portugal, reflecting on the impacts observed and highlighting the main legislative measures adopted by the government and the subsequent increasing expressiveness of telework. Therefore, in addition to the gradual transformation of work, CSs have gained a growing space in the media and on the political agenda. Based on ongoing research, this article aims to provide a brief overview of the pandemic effects on Portuguese coworking reality and related issues, pointing out insights for the future. © 2023, The Author(s).
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Similar to many religious organizations, The Church of Jesus Christ of Latter-day Saints (hereafter referred to as the Church) has been dramatically impacted by the pandemic associated with the novel coronavirus (COVID-19). The major impacts for the Church include the canceling of all congregational meetings;the closing of temples, seminaries, and institutes;moving to online platforms for educational facilities;reconfiguring humanitarian services, and the return and relocation of missionaries serving outside the United States and Canada. While the response of the Church has been similar to other global and local organizations, certain aspects make it unique. One aspect that sets the Church apart is the member's belief in prophets and prophecy. Over the years, Church prophets have emphasized the need to prepare and be prepared for emergencies. Although members did not anticipate the specific changes that COVD-19 would cause to occur, the general mindset of the members is that those who are prepared do not need to fear. Another feature of the church is its active missionary population throughout the world, a feature greatly affected by the responses to COVID-a19. The purpose of this paper is to describe the Church of Jesus Christ of Latter-day Saints' responses to the COVID-19 pandemic, including those of traditional worship services, specialized ceremonies at the Church's temples, and the bringing home and reassignment of missionaries outside the United States and Canada. © The Author(s), under exclusive license to Springer Nature Switzerland AG 2022.
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In the fourth industrial revolution age, digital transformation is crucial to the sustainable development of small- and medium-sized businesses (SMEs). This study suggests a hierarchical model based on the Technology–Organization–Environment (TOE) model with three main dimensions and nine sub-dimensions for SMEs that implemented digital transformation in the emerging economy. The fuzzy analytic hierarchical process methodology (Fuzzy AHP) was used to explore and rank determinants of the digital transformation adoption for SMEs. Data were collected by the questionnaires from 72 respondents, who were the leaders of SMEs in Vietnam. The results revealed that the environmental factor was ranked the most important factor in the pairwise comparisons of the hierarchical structure, and the sub-dimension of the customer experience was at the highest ranking of the relative pairwise comparisons of the digital transformation adoption for SMEs, followed by technological compatibility, government support, organizational support, and human resources. This research makes contributions to the topic of digital transformation from both theoretical and practical implications. The result stresses the critical significance of environmental factors in the successful adoption of digital technologies in SMEs, which adds to the perspective in the context of a growing nation.
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The motivation for study derives from the requirements imposed by the European Union Corporate Sustainability Reporting Directive, which increases the sustainability reporting scope and the need for companies to use emerging digital technologies. The research aim is to evaluate the digital transformation impact of the European Union companies on sustainability reporting expressed through three sustainable performance indicators (economic, social, and ecological) based on a conceptual model. The data were collected from Eurostat for 2011–2021. The study proposes a framework for sustainable performance analysis through linear regression models and structural equations. Additionally, a hierarchy of digitization indicators is created by modeling structural equations, depending on their impact on sustainability performance indicators, which is validated using neural networks. The results indicate that the company's digital transformation indicators positively influence economic and social performance and lead to an improved environmental protection (a decrease in pollution), proving the established hypotheses' validity. The proposed model can be the basis for companies to create their dashboards for analyzing and monitoring sustainable performance. This research can be the basis of other studies, having a significant role in establishing economic and environmental strategies to stimulate an increase of companies that carry out sustainability reporting.
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The purpose of this research is to identify the areas of interest, research topics, and application areas that reflect the research nature of digital transformation (DT), as well as the strategies, practices, and trends of DT. To accomplish this, the Latent Dirichlet allocation algorithm, a probabilistic topic modeling technique, was applied to 5350 peer-reviewed journal articles on DT published in the last ten years, from 2013 to 2022. The analysis resulted in the discovery of 34 topics. These topics were classified, and a systematic taxonomy for DT was presented, including four sub-categories: implementation, technology, process, and human. As a result of time-based trend analysis, "Sustainable Energy”, "DT in Health”, "E-Government”, "DT in Education”, and "Supply Chain” emerged as top topics with an increasing trend. Our findings indicate that research interests are focused on specific applications of digital transformation in industrial and public settings. Based on our findings, we anticipate that the next phase of DT research and practice will concentrate on specific DT applications in government, health, education, and economics. "Sustainable Energy” and "Supply Chain” have been identified as the most prominent topics in current DT processes and applications. This study can help researchers and practitioners in the field by providing insights and implications about the evolution and applications of DT. Our findings are intended to serve as a guide for DT in understanding current research gaps and potential future research topics.
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The COVID-19 pandemic has accelerated the transition to remote and hybrid teaching and learning, highlighting the importance of digital maturity among university staff and students. Digital maturity includes technological proficiency and skills necessary to navigate and use digital tools for personal learning and development, as well as responsible and ethical use of technology, digital citizenship, and critical thinking. Developing digital maturity among students is critical to promoting sustainable practices and success in a digitally connected world. This article examines the impact of students' digital maturity on online learning engagement and explores the relationship between digital maturity, acceptance of universities' digital transformation, online education satisfaction, student engagement, and sustainable behavior. The study randomly selected 358 students from three Polish universities who completed an online survey (CAWI). The results indicate that digital competences positively affect the students' acceptance of the digital transformation of the university. Personal innovation and motivation for formal digital learning also influence acceptance. Accepting the digital transformation has a positive impact on online learning satisfaction. Engagement in online learning has minimal impact on informal digital learning. The positive moderating effects of commitment to sustainable development on satisfaction and commitment to distance learning and informal digital learning were insignificant. The study suggests that universities need to promote digital maturity among all stakeholders, and students need to improve their digital competences to take full advantage of the educational offer of universities.
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More than two years after the beginning of the COVID-19 pandemic, online drama therapy seems to be viewed both by therapists and clients in an extreme way: either as a means of salvation in the limitations of distance and quarantine restrictions or as a discount to in-person therapy. In this conceptual article, the author explores the ways in which online drama therapy utilizes aesthetic distance and dramatic reality. The author theorizes how these concepts translate into an online space without breaking the relationship between therapist and client/group that is already being hindered by the literal distance, the lack of body involvement and the mediation of technology and the screen. Through discussion of the existing literature on aesthetic distance and fantastic/dramatic reality, the author examines these concepts through the lens of the online setting, providing some thoughts that might be of use when planning an online session.
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Enculturation is learning the culture you grow up in and Acculturation is learning a culture different from that in which you grew up. The situation becomes more challenging when you are doing business in a developing country having low literacy rate and high cultural & language barriers. This paper describes the cultural transformation, behavioral systems and improvement initiatives Fatima Fertilizers Limited (FFL) has successfully implemented in past 9 years to improve the safety culture dimensions and to ensure compliance with standards. This resulted in improvement of FFL safety records to world class level. It will also describe the details of implementation process and maturing steps of systems on Behavioral/Cultural aspects and elements such as Process Safety Leadership & Engagement Program, Management Safety Audit Program, Perception Surveys, Operational Discipline & Excellence, Field vigilance & Area audits Program, Line Management Responsibility, Observation Reporting, Analysis & Action Plans and Contractor Safety Management Program etc which resulted in achievement of such remarkable results. The paper also includes the Organizations' vision & future plans on sustaining and further improving process safety culture as per changing & challenging scenarios across the globe especially post COVID-19. © 2022 AIChE Spring Meeting and 18th Global Congress on Process Safety, GCPS 2022. All rights reserved.
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We analyse how the COVID-19 pandemic crisis created the window of opportunity (WOP) in the digital industry and digital applications. These led to the leapfrogging of digital transformation in China. This was considered a major contribution to the pandemic recovery in early to mid-2020. By exploring this phenomenon, we examine alternatives for sustainable development during such turbulent circumstances mediating the destruction arisen from the crisis. We unveil the mechanisms that reveal the large-scale digitalisation that emerged as part of the response to managing the crisis. We find that during this crisis in China, the WOPs from policy, technology and demand perspectives facilitated the leapfrogging of the digital transformation in numerous social and economic areas. More importantly, we also discover that the WOPs are unevenly distributed among firms, time, and locations. Based on these results, we put forth that the COVID-19 pandemic brings a relative window of opportunity (RWOP) to society, impacting industries and firms. However, these impacts are disproportionately distributed. To the best of our knowledge, this is one of the first studies to illustrate how a social crisis leads to WOPs enhancing digital transformation. Furthermore, this also ultimately provided a coping mechanism to deal with the pandemic.