Co-creation strategy plays a mediating role in the relationship between business model innovation and digital leadership. Co-creation strategy has played a mediating role in the relationship between business model innovation and digital leadership.
Discussion and implication 1 Discussion
Implication
Implications for management practice, the study revealed the importance of digital leadership in digital transformation to anticipate digital disruption. Digital transformation is essential, starting from the vision and mission of the digital company, to ensure the direction of the desired future position of the company.
Limitation and future research
We configure the model of digital transformation for Indonesian incumbents based on a framework study conducted by [53] as shown in Figure 5. Digital transformation reflects managerial leadership and vision in transforming leadership from transactional leadership to a more transformational and digital leading leadership.
Conclusion
Co-creation strategy based on distinct organizational capabilities and customer experience at a customer advocacy level can take business model innovation to the level of digital transdisciplinary business model innovation, where the business model is developed based on the value of co-creation between disciplines. Business model innovations for electric mobility—What can be learned from existing business model models.
Introduction
The keys to digital workplace success are effective implementation of a digital workplace strategy with a changed learning and culture. A key point of a digital workplace strategy is an appropriate learning concept to foster a digital culture and employee behavior that can be integrated into entrepreneurship education and training programs.
Digital transformation
Entrepreneurial education must also be adapted to digital transformation in order to prepare both employees and employers for digital workplaces. The role of entrepreneurs and entrepreneurial education is briefly presented and how it will change in order to prepare entrepreneurs for digital transformation and digital jobs.
What is a digital workplace?
Enable productivity improvements by offering the most suitable and efficient digital workplace for each employee. In the coming years, the workplace will continue to evolve and employee expectations will change, so organizations that do not embrace the digital workplace risk falling behind [10].
Digital workplace strategy
- Collaborate, communicate, and connect
- Technology: the digital toolbox
- Control: governance, risk, and compliance
- Business drivers: measurable business value
Often the development of digital tools does not follow a digital workplace strategy where the business focus is clearly defined. To deliver the necessary benefits, an organization should lead the direction of digital workplace development.
Cultural change and behavior supporting digital transformation One of the first steps in the digital transformation is a cultural change in orga-
- Encourage people to ask questions
- Get out of the office and meet customers and prospects
- Ask for data, then insights, then opinions
- Adaptation of employees to digital transformation and digital workplaces When an organization suffers changes in everyday functioning like digital
- Open dialogue
- Invest in training
- Foster a culture where experimentation is allowed and encouraged
- Support collaboration
- Involve employees
Cultural change and behavior that supports digital transformation One of the first steps in the digital transformation is a cultural change in organization. In the following experts make some suggestions to help employees adapt to digital transformation [16].
Learning, training, and entrepreneurship education
Young people are known to be digital natives, relatively few possess the skills needed in the digital economy, and employers around the world are struggling to find skilled professionals equipped with the technical and soft skills they desire. Because, their staff must adapt to the changes of digital transformation and learn new competencies and skills relatively quickly; new learning/training opportunities must be found for their staff in addition to the day-to-day operations of the company. The ongoing European project Reinnovate with the participation of the author also focuses on encouraging all employees in SMEs to develop an entrepreneurial mindset, increasing the chances of survival of the small firm within the digital transformation.
Reinnovate uses the results of the European Archimedes project and a survey of 150 European SMEs about their existing skills and relevant training needs, also suitable in connection with digital transformation.
Conclusions
The study investigates intellectual capital management (ICM) and economic development in a quasi-information society like Nigeria: a macro perspective. In some economies, such as developed economies, where the society is a pure information economy, intellectual capital management can be high and higher than in a quasi-information society. This could also create an incentive for economic activities and development of nations.
Therefore, following the Harrod-Domar growth model, economic development is a function of the intellectual capital management of nations.
Previous studies
Therefore, the main objective of this study is to examine the relationship between intellectual capital management and economic development in Nigeria: a quasi-information society. The importance of intellectual capital (IC) has increased significantly in recent times due to the major shift of economies towards the knowledge or information-driven society [17]. Marcin [39] and Rusu-Tanasa [40] noted that intellectual capital is an important key factor for socio-economic development of regions and countries.
Therefore, Makarov [43] thought that intellectual capital is a key indicator of the sustainable development of any country.
Methodology
This is because most of the studies have treated it as and at a micro level and at a macro level; its measurement becomes a challenge. Therefore, this current study adapts these variables to capture the intellectual capital management at the macro level and its effect on Nigeria's economy by using the nation's gross domestic product. To this end, if Nigeria is to be successful in achieving the SDGs, there is a need to draw attention and reposition its ICM system at the center of quality education.
The GDP also stands as the dependent variable of the study which indicates the economic development of the country.
Results
Despite the growth of Nigeria's GDP, the information in Table 1 shows that there has been no significant development in the main intellectual capital indices of the Nigerian economy in the periods 2005-2015. From the result, the adjusted R square for the regression analysis was 0.99, indicating a better fit of the model. Also, the result shows the level of quasi-information society in the country as the pace of telecom increases and other intellectual capital developments have not created a significant boost in the economy.
The combined effect of the intellectual capital management on the country's GDP is provided in Table 3.
Discussions of findings
In the latest global information economy or society, intellectual capital should have a tremendous effect on the economy; however, the case of Nigeria is different. Therefore, following the work of Becla [27] and the result of this study, Nigeria is a quasi-informative society due to the fact that the main indices of intellectual capital used in the study have not been transformed into economic growth and development. This can also pass to the main sectors of the economy, thus affecting their development and economic activities in the country.
Consequently, one can say that the future of the nation is doubtful and requires urgent attention if it is to develop and survive in the recent global information economy and society and transformation.
Conclusion and recommendations
Scholars in the field of strategic management have an opportunity to play a major role in developing an understanding of how the emergence of big data is changing the nature of competition. We identify theoretical foundations necessary for an investigation of the rise of big data in strategic decision-making through the lenses of resource-based theory (RBT) and organizational learning. Big data applies to large amounts of raw data (structured, semi-structured and unstructured) that cannot be processed or analyzed with traditional methods or tools, leading to increasing challenges in how to extract value [7].
Starting from the big data language's influential versus, we go to ground the big data phenomenon in accepted strategic management theory. Seeking similar knowledge advances, Coca-Cola has used big data to improve supply chain and innovation. How the eight Vs of big data influence digital business strategy based on fixed orientation.
Philosophical foundations of administrative behaviour
It is the highly uncertain character of the observable world that encourages subordinate discretionary decisions in the course of performance. However, the final goal of these decision-making functions is the achievement of shared goals of the organization. The relationships involving information, decision-making and technology were Simon's key research focus during the latter part of the 1950s [24].
The core of Simon's influence was on solving problems and making decisions in specific aspects of individuals, organizations and societies.
Control in organisations
Authority orientation in organisations
Thus, the subordinate must recognize and carry out legitimate commands from the superior for authority to prevail. The behavioral configuration of the subordinate, on the other hand, is influenced by specific considerations of engaging in some form of operation. Consequently, the issue of discretion is brought into the decision-making processes of the subordinate before undertaking a given assignment.
The maintenance of authority is subject to the prevailing ideas of the people whose decisive aim is to have specific operations undertaken for their collective benefit.
Structural apparatus of authority
In other words, a specific use of coordination is "the adoption of the same decision by all members of a group, or more precisely, mutually consistent decisions in combination that achieve a set goal" ([19], p. 190). Procedural coordination attempts to shed light on the outline of the large-scale increase in actions and connections of members in an organization, while substantive coordination relates to the functional efforts of the firm. Reasoning is the purposeful coordination of work with orders from bosses to subordinates, moving from the top to the bottom of the entire company.
Crucial to specialization is the notion of division of labour, where "the organization's work is subdivided, as far as possible, in such a way that all processes that require a certain skill can be carried out by people who possess that skill" ([19], p. 189).
Training in organisational influence
In this case, certain equipment and technological artefacts may be favored over others in certain task execution, so that the processes may result in various effects of the final outcome. Focusing on training in the control of employees in administrative behavior can be a definitive way to accept the necessary antecedents and the consequences of the rationale training sometimes fails to achieve its ideals. It may also emphasize an operational realignment of forces that conditions the enabling environment for effective training efforts.
This would lead to a legitimate call for the motivating factors of strategic management.
The mindset of administrative behaviour
Rationality
Subjective rationality emphasizes an individual's pattern of beliefs and inclinations, while objective rationality emphasizes perceptions attributed to the intrinsic value of a decision relative to the outcome of the task performed. Moreover, subjective rationality indicates the achievement of the greatest rewards from the perspective of the people concerned. It can be reasonably argued that there is a possibility for social actors to carry out operations without being aware of the underlying objective of their operations.
The rationality of the individual member in the organization can have a lasting consequence for their loyalty within the framework of the organization's pursuits.
Understanding organisational loyalty
As a result, the individual exchanges the organizational value scale for his private scale as the crucial measure of the relevance of his decision. An important and leading way of administrative behavior in which a person mentally connects his emotions with the purpose of the organization is identification. Individual interest in the triumph of the organization as a result of loyalty to it is driven by personal motives.
Personal motives are not the only reason for a person's established relationship with the organization, but also "the growth, prestige or success of the organization itself".
Final thoughts
In short, focus of attention ensures the subordinate to modify what they are doing towards the goals and targets of the organization. Against these points of view, identification provides a working way to regulate persons and groups in the organization in order to build their welfare, desires and individual tendencies towards the organization's general targets. The planned tools of the organization for identification allow for extensive redesign of the organization to normalize and guide the activities of persons known to be contributors to the complete organizational processes.
Paper presented at the proceedings of the Thirteenth International Conference on Information Systems, Dallas, TX.
