Digital Maturity in the German Traditional Industries — Status Quo, Profit Impact, and Paths of Acceleration.
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| Title: | Digital Maturity in the German Traditional Industries — Status Quo, Profit Impact, and Paths of Acceleration. |
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| Authors: | Sommer, Stefan1 (AUTHOR) stefan.sommer@uni-due.de, Proff, Heike1 (AUTHOR) heike.proff@uni-due.de |
| Source: | International Journal of Innovation & Technology Management. Jun2023, Vol. 20 Issue 4, p1-25. 25p. |
| Subjects: | Industrial goods, Digital media, Digital technology |
| Abstract: | Digitalization is driving discontinuous changes in traditional industries such as in sectors of industrial goods, automotive, chemicals and pharma, and industrial services. However, many affected companies are slow to adapt their businesses. Digital maturity concerns the status quo of digitalization in these companies and must be pursued if the company is to remain competitive. By drawing on theory-based responses to digitalization, a maturity assessment index was derived. A quantitative survey generated 160 complete datasets from German companies operating in traditional industries. The findings suggest a medium level of digital maturity. Six archetypes of digitalized organizations and a positive impact on profits were identified. These results provide indications of five generic paths for increasing digital maturity. [ABSTRACT FROM AUTHOR] |
| Copyright of International Journal of Innovation & Technology Management is the property of World Scientific Publishing Company and its content may not be copied or emailed to multiple sites without the copyright holder's express written permission. Additionally, content may not be used with any artificial intelligence tools or machine learning technologies. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.) | |
| Database: | Engineering Source |
| FullText | Text: Availability: 0 |
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| Header | DbId: egs DbLabel: Engineering Source An: 163335973 AccessLevel: 6 PubType: Academic Journal PubTypeId: academicJournal PreciseRelevancyScore: 0 |
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| Items | – Name: Title Label: Title Group: Ti Data: Digital Maturity in the German Traditional Industries — Status Quo, Profit Impact, and Paths of Acceleration. – Name: Author Label: Authors Group: Au Data: <searchLink fieldCode="AR" term="%22Sommer%2C+Stefan%22">Sommer, Stefan</searchLink><relatesTo>1</relatesTo> (AUTHOR)<i> stefan.sommer@uni-due.de</i><br /><searchLink fieldCode="AR" term="%22Proff%2C+Heike%22">Proff, Heike</searchLink><relatesTo>1</relatesTo> (AUTHOR)<i> heike.proff@uni-due.de</i> – Name: TitleSource Label: Source Group: Src Data: <searchLink fieldCode="JN" term="%22International+Journal+of+Innovation+%26+Technology+Management%22">International Journal of Innovation & Technology Management</searchLink>. Jun2023, Vol. 20 Issue 4, p1-25. 25p. – Name: Subject Label: Subjects Group: Su Data: <searchLink fieldCode="DE" term="%22Industrial+goods%22">Industrial goods</searchLink><br /><searchLink fieldCode="DE" term="%22Digital+media%22">Digital media</searchLink><br /><searchLink fieldCode="DE" term="%22Digital+technology%22">Digital technology</searchLink> – Name: Abstract Label: Abstract Group: Ab Data: Digitalization is driving discontinuous changes in traditional industries such as in sectors of industrial goods, automotive, chemicals and pharma, and industrial services. However, many affected companies are slow to adapt their businesses. Digital maturity concerns the status quo of digitalization in these companies and must be pursued if the company is to remain competitive. By drawing on theory-based responses to digitalization, a maturity assessment index was derived. A quantitative survey generated 160 complete datasets from German companies operating in traditional industries. The findings suggest a medium level of digital maturity. Six archetypes of digitalized organizations and a positive impact on profits were identified. These results provide indications of five generic paths for increasing digital maturity. [ABSTRACT FROM AUTHOR] – Name: AbstractSuppliedCopyright Label: Group: Ab Data: <i>Copyright of International Journal of Innovation & Technology Management is the property of World Scientific Publishing Company and its content may not be copied or emailed to multiple sites without the copyright holder's express written permission. Additionally, content may not be used with any artificial intelligence tools or machine learning technologies. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract.</i> (Copyright applies to all Abstracts.) |
| PLink | https://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=egs&AN=163335973 |
| RecordInfo | BibRecord: BibEntity: Identifiers: – Type: doi Value: 10.1142/S0219877023500190 Languages: – Code: eng Text: English PhysicalDescription: Pagination: PageCount: 25 StartPage: 1 Subjects: – SubjectFull: Industrial goods Type: general – SubjectFull: Digital media Type: general – SubjectFull: Digital technology Type: general Titles: – TitleFull: Digital Maturity in the German Traditional Industries — Status Quo, Profit Impact, and Paths of Acceleration. Type: main BibRelationships: HasContributorRelationships: – PersonEntity: Name: NameFull: Sommer, Stefan – PersonEntity: Name: NameFull: Proff, Heike IsPartOfRelationships: – BibEntity: Dates: – D: 01 M: 06 Text: Jun2023 Type: published Y: 2023 Identifiers: – Type: issn-print Value: 02198770 Numbering: – Type: volume Value: 20 – Type: issue Value: 4 Titles: – TitleFull: International Journal of Innovation & Technology Management Type: main |
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