{"id":1120,"date":"2024-02-25T19:08:22","date_gmt":"2024-02-25T17:08:22","guid":{"rendered":"http:\/\/www.processorientation.com\/?p=1120"},"modified":"2024-02-25T20:45:40","modified_gmt":"2024-02-25T18:45:40","slug":"how-process-management-in-the-context-of-digital-business-strategy-impacts-firm-performance","status":"publish","type":"post","link":"http:\/\/www.processorientation.com\/?p=1120","title":{"rendered":"How process management in the context of digital business strategy impacts firm performance"},"content":{"rendered":"\n<p>This article summarises the results of the paper \u201c<a href=\"https:\/\/misq.umn.edu\/organized-complexity-of-digital-business-strategy-a-configurational-perspective.html\" target=\"_blank\" rel=\"noreferrer noopener\">Organized complexity of digital business strategy: a configurational perspective<\/a>\u201c, written by Y. Park and S. Mithas, published by MIS Quartely in 2020.<\/p>\n\n\n\n<p>The paper addresses the issue of how firms should configure organizational capabilities to achieve competitive advantage in digital environments. Digital business strategy consists of several organizational capabilities, digital and non-digital, listed below, that work together to influence the firm\u2019s competitiveness.<\/p>\n\n\n\n<ul><li>Leadership (including how senior leaders set and deploy organizational values, short- and longer-term directions, etc.)<\/li><li>IT-enabled information analytics (including data availability, reliable and user-friendly systems, etc.) <\/li><li>Strategic planning (including the strategy development process, strategic objectives and the timetable for achieving them)<\/li><li>Customer focus (how the organisation identifies the needs and preferences of customers and markets to ensure the continued relevance of the products\/services offered and to develop new opportunities).<\/li><li>HR focus (formal and informal mechanisms of employee motivation, effective communication and knowledge\/skills sharing, effective succession planning for senior leadership, etc.)<\/li><li>Process management (capabilitiy to design and manage product and service processes, growth processes, and support processes).<\/li><\/ul>\n\n\n\n<p>One of the findings of the empirical study is that the <em>combination of information and analytics, customer focus and process management<\/em> drives financial performance of manufacturing companies. This means that manufacturing companies need to combine information & analytics capabilities with customer focus and process management capabilities to achieve high financial firm performance.<\/p>\n<!-- AddThis Advanced Settings generic via filter on the_content --><!-- AddThis Share Buttons generic via filter on the_content -->","protected":false},"excerpt":{"rendered":"<p>This article summarises the results of the paper \u201cOrganized complexity of digital business strategy: a configurational perspective\u201c, written by Y. Park and S. Mithas, published by MIS Quartely in 2020. The paper addresses the issue of how firms should configure organizational capabilities to achieve competitive advantage in digital environments. Digital business strategy consists of several &#8230;<\/p>\n<p><a href=\"http:\/\/www.processorientation.com\/?p=1120\" class=\"more-link\">Continue reading &lsquo;How process management in the context of digital business strategy impacts firm performance&rsquo; &raquo;<\/a><!-- AddThis Advanced Settings generic via filter on get_the_excerpt --><!-- AddThis Share Buttons generic via filter on get_the_excerpt --><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_mi_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_themeisle_gutenberg_block_has_review":false},"categories":[1],"tags":[41,35,36],"_links":{"self":[{"href":"http:\/\/www.processorientation.com\/index.php?rest_route=\/wp\/v2\/posts\/1120"}],"collection":[{"href":"http:\/\/www.processorientation.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.processorientation.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.processorientation.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.processorientation.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1120"}],"version-history":[{"count":15,"href":"http:\/\/www.processorientation.com\/index.php?rest_route=\/wp\/v2\/posts\/1120\/revisions"}],"predecessor-version":[{"id":1146,"href":"http:\/\/www.processorientation.com\/index.php?rest_route=\/wp\/v2\/posts\/1120\/revisions\/1146"}],"wp:attachment":[{"href":"http:\/\/www.processorientation.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1120"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.processorientation.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1120"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.processorientation.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1120"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}