Digital transformation as an enabler of sustainability innovation and performance – information processing and innovation ambidexterity perspectives

As sustainability gains increased importance among investors and regulators, firms are resorting to digitalization as a means to facilitate innovations and significantly improve their sustainability performances. Drawing on innovation ambidexterity and information processing theory, a framework was...

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Main Authors: Lu, Hui Ting, Li, Xue, Yuen, Kum Fai
Other Authors: School of Civil and Environmental Engineering
Format: Article
Language:English
Published: 2023
Subjects:
Online Access:https://hdl.handle.net/10356/171198
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Institution: Nanyang Technological University
Language: English
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spelling sg-ntu-dr.10356-1711982023-10-17T04:50:10Z Digital transformation as an enabler of sustainability innovation and performance – information processing and innovation ambidexterity perspectives Lu, Hui Ting Li, Xue Yuen, Kum Fai School of Civil and Environmental Engineering Engineering::Civil engineering Digital Transformation Sustainability Innovation Ambidexterity As sustainability gains increased importance among investors and regulators, firms are resorting to digitalization as a means to facilitate innovations and significantly improve their sustainability performances. Drawing on innovation ambidexterity and information processing theory, a framework was curated to assess the effect of digital transformation factors on sustainability innovation ambidexterity as well as sustainability performance. A survey questionnaire was administered to 187 maritime professionals who held relevant roles in innovation, performance management, sustainability, or digitalization. The data collected was then assessed using structural equation modelling, which revealed that the factors influencing sustainability performance, in decreasing order of importance, were digital capabilities, digital technology and business strategy alignment, sustainability exploration innovation, sustainability exploitation innovation, and digital flexibility. These findings contribute to the existing literature by employing the concepts of the identified theories to examine the triadic relationship between digital transformation factors, sustainability innovation ambidexterity, and sustainability performance. This provides a deeper understanding of the interactions between variables that lead to sustainability performance. In addition, it offers directions for managers to enhance sustainability performance through resource optimization in prioritizing training for employees, portfolio management, scheduling regular meetings between information technology and business management teams, and adopting forward-looking approaches to implement digital architecture. Nanyang Technological University We wish to acknowledge the funding support for this project from Nanyang Technological University under the URECA Undergraduate Research Programme. 2023-10-17T04:50:10Z 2023-10-17T04:50:10Z 2023 Journal Article Lu, H. T., Li, X. & Yuen, K. F. (2023). Digital transformation as an enabler of sustainability innovation and performance – information processing and innovation ambidexterity perspectives. Technological Forecasting and Social Change, 196, 122860-. https://dx.doi.org/10.1016/j.techfore.2023.122860 0040-1625 https://hdl.handle.net/10356/171198 10.1016/j.techfore.2023.122860 2-s2.0-85172005127 196 122860 en Technological Forecasting and Social Change © 2023 Elsevier Inc. All rights reserved.
institution Nanyang Technological University
building NTU Library
continent Asia
country Singapore
Singapore
content_provider NTU Library
collection DR-NTU
language English
topic Engineering::Civil engineering
Digital Transformation
Sustainability Innovation Ambidexterity
spellingShingle Engineering::Civil engineering
Digital Transformation
Sustainability Innovation Ambidexterity
Lu, Hui Ting
Li, Xue
Yuen, Kum Fai
Digital transformation as an enabler of sustainability innovation and performance – information processing and innovation ambidexterity perspectives
description As sustainability gains increased importance among investors and regulators, firms are resorting to digitalization as a means to facilitate innovations and significantly improve their sustainability performances. Drawing on innovation ambidexterity and information processing theory, a framework was curated to assess the effect of digital transformation factors on sustainability innovation ambidexterity as well as sustainability performance. A survey questionnaire was administered to 187 maritime professionals who held relevant roles in innovation, performance management, sustainability, or digitalization. The data collected was then assessed using structural equation modelling, which revealed that the factors influencing sustainability performance, in decreasing order of importance, were digital capabilities, digital technology and business strategy alignment, sustainability exploration innovation, sustainability exploitation innovation, and digital flexibility. These findings contribute to the existing literature by employing the concepts of the identified theories to examine the triadic relationship between digital transformation factors, sustainability innovation ambidexterity, and sustainability performance. This provides a deeper understanding of the interactions between variables that lead to sustainability performance. In addition, it offers directions for managers to enhance sustainability performance through resource optimization in prioritizing training for employees, portfolio management, scheduling regular meetings between information technology and business management teams, and adopting forward-looking approaches to implement digital architecture.
author2 School of Civil and Environmental Engineering
author_facet School of Civil and Environmental Engineering
Lu, Hui Ting
Li, Xue
Yuen, Kum Fai
format Article
author Lu, Hui Ting
Li, Xue
Yuen, Kum Fai
author_sort Lu, Hui Ting
title Digital transformation as an enabler of sustainability innovation and performance – information processing and innovation ambidexterity perspectives
title_short Digital transformation as an enabler of sustainability innovation and performance – information processing and innovation ambidexterity perspectives
title_full Digital transformation as an enabler of sustainability innovation and performance – information processing and innovation ambidexterity perspectives
title_fullStr Digital transformation as an enabler of sustainability innovation and performance – information processing and innovation ambidexterity perspectives
title_full_unstemmed Digital transformation as an enabler of sustainability innovation and performance – information processing and innovation ambidexterity perspectives
title_sort digital transformation as an enabler of sustainability innovation and performance – information processing and innovation ambidexterity perspectives
publishDate 2023
url https://hdl.handle.net/10356/171198
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