SIEMES DIGITAL TRANSFORMATION CASE STUDY TOWARDS ORGANIZATIONAL SCALE AND SUCCESS IN ELECTRICAL ENGINEERING INDUSTRY”

This study investigates a range of scaling strategies for electrical engineering firms, with a focus on various crucial aspects such as internal innovation, strategic regional expansion, geographical proximity, and collaborative partnerships. Internal innovation is highlighted as a key driver of growth, as it allows firms to develop new technologies and processes that can differentiate them from competitors. Strategic regional expansion is discussed as a means to tap into new markets and leverage local opportunities, while geographical proximity is examined for its impact on operational efficiency and customer relationships. Collaborative partnerships are also emphasized for their role in enhancing capabilities and driving mutual benefits. The case study of Siemens AG serves as a prominent example, showcasing how digital technologies like the Internet of Things (IoT), artificial intelligence (AI), and cloud computing have significantly transformed their approach to scaling. Siemens AG's experience underscores how these technologies can support internal innovation, streamline regional expansion efforts, overcome geographical barriers, and foster effective collaborations. The article proposes a detailed framework in which digital transformation is central to driving these strategies. It argues that digital technologies are not just enablers but essential components that fuel innovation across various domains. Additionally, digital transformation is posited as a critical factor in facilitating smoother and more effective expansion into new regions, bridging geographical gaps that can otherwise impede growth, and enhancing collaborative efforts both within and outside the organization. By integrating these elements, businesses can achieve sustainable growth and maintain a competitive edge in an ever-evolving and challenging market landscape.is considered near the evaluation of efficiency of management an enterprise. Evaluation technology is realized on the basis of comparison of financial indexes, in particular to the analysis of indexes of profitability and analysis of business activity

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Publication Details

Journal
Управління змінами та інновації
Published
2024-10-02
DOI
https://doi.org/10.32782/cmi/2024-11-9
Primary Topic
Innovation and Knowledge Management
Type
article
Field-Weighted Citation Impact
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article

SIEMES DIGITAL TRANSFORMATION CASE STUDY TOWARDS ORGANIZATIONAL SCALE AND SUCCESS IN ELECTRICAL ENGINEERING INDUSTRY”

Роман Шевченко, Mykhailo Buriak, Sergii Lysenko
Управління змінами та інновації
Innovation and Knowledge Management
article

SIEMES DIGITAL TRANSFORMATION CASE STUDY TOWARDS ORGANIZATIONAL SCALE AND SUCCESS IN ELECTRICAL ENGINEERING INDUSTRY”

Роман Шевченко, Mykhailo Buriak, Sergii Lysenko
article en

Abstract

This study investigates a range of scaling strategies for electrical engineering firms, with a focus on various crucial aspects such as internal innovation, strategic regional expansion, geographical proximity, and collaborative partnerships. Internal innovation is highlighted as a key driver of growth, as it allows firms to develop new technologies and processes that can differentiate them from competitors. Strategic regional expansion is discussed as a means to tap into new markets and leverage local opportunities, while geographical proximity is examined for its impact on operational efficiency and customer relationships. Collaborative partnerships are also emphasized for their role in enhancing capabilities and driving mutual benefits. The case study of Siemens AG serves as a prominent example, showcasing how digital technologies like the Internet of Things (IoT), artificial intelligence (AI), and cloud computing have significantly transformed their approach to scaling. Siemens AG's experience underscores how these technologies can support internal innovation, streamline regional expansion efforts, overcome geographical barriers, and foster effective collaborations. The article proposes a detailed framework in which digital transformation is central to driving these strategies. It argues that digital technologies are not just enablers but essential components that fuel innovation across various domains. Additionally, digital transformation is posited as a critical factor in facilitating smoother and more effective expansion into new regions, bridging geographical gaps that can otherwise impede growth, and enhancing collaborative efforts both within and outside the organization. By integrating these elements, businesses can achieve sustainable growth and maintain a competitive edge in an ever-evolving and challenging market landscape.is considered near the evaluation of efficiency of management an enterprise. Evaluation technology is realized on the basis of comparison of financial indexes, in particular to the analysis of indexes of profitability and analysis of business activity

Управління змінами та інновації(11)
National Technical University "Kharkiv Polytechnic Institute" (UA)
Openalex Percentile: Top 69%
Innovation and Knowledge Management
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