Empirical Analysis of Digital Transformation for Typical Enterprises in China
This study sets out to unravel the complexities of digital transformation challenges faced by traditional enterprises in China, focusing on identifying the multifaceted barriers that impede their progress towards digitalization. Employing a comprehensive review of existing literature coupled with empirical evidence from typical enterprises, the research adopts a qualitative approach to explore the core barriers to digital transformation. The findings reveal that traditional enterprises face significant hurdles in their digital transformation journey, including high transformation costs, prolonged investment durations with uncertain outcomes, and a lack of necessary capabilities for effective digital adoption. However, by strategically combining core factors such as innovation ecosystems, technological infrastructure, and digital components, and placing substantial emphasis on cultivating an internal learning-oriented mindset, enterprises can navigate these challenges effectively. The study illustrates that fostering a learning orientation not only accelerates the application and dissemination of digital technologies but also encourages critical assessment of existing management practices, thereby facilitating the transformation of operations and expansion into new markets. The impact of this research lies in its contribution to both academic discourse and practical implementation, offering valuable insights and recommendations for business leaders and policymakers. By highlighting the critical components of digital transformation and identifying strategies to overcome prevalent obstacles, the study provides a roadmap for traditional enterprises striving to innovate and thrive in the digital age.
Authors
- Zheng Zhen-yu (ORCID: https://orcid.org/0000-0001-7655-274X)
Institutions
- University of Southampton (GB)
Publication Details
- Journal
- Highlights in Business Economics and Management
- Published
- 2024-09-01
- DOI
- https://doi.org/10.54097/t09m4h72
- Primary Topic
- Economic Development and Digital Transformation
- Type
- article
- Field-Weighted Citation Impact
- 0.00