The Role of Top Management Team Digitalization and Firm Internationalization for Sustainable Business

Conscious or Indifferent: Concerns on digitalisation and sustainability among smes in Industry 4.0

The positive benefits of digitalisation are nowadays generally recognised and acknowledged by companies and are typically seen as essential in a rapidly and constantly changing business environment. Yet the level of digitalisation is still below expectations, especially among small and medium-sized enterprises. Several factors are behind it, ranging from high-cost concerns and management styles to a lack of knowledge etc. The present study reviews one of these aspects, the contradictory relationship between digitalisation and sustainability, with the aim of exploring the potential of digitalisation in the future and outlining new development strategies for small organisations. This research explores the perceived impact of digitalisation on sustainability based on the opinions of SME owners and managers in the V4 countries, Bulgaria and Serbia, using a quantitative method through a questionnaire survey. Based on their perception on the topic, the surveyed organisations can be divided into two groups (Concerned Inspired, Indifferent Conservatives) and accordingly can achieve a state of balanced digitainability, where both sustainability and digitalisation performance are outstanding with different strategic steps.

Internationalization of Large Companies from Central and Eastern Europe or the Birth of New Stars

With rapid globalization, firm internationalization has become an important corporate strategy as well as the necessity for the survival and growth of the business. In the last decade, there has been a growth in literature that studies this field, especially in emerging countries. However, there exists a gap in the literature in CEE countries. This study aims to fill that gap by conducting an analysis and providing insight regarding the factors that lead to an increase in firm internationalization in this region. This research paper studies the main determinants that have an impact on the firm internationalization of large companies in CEE countries using panel data empirical methods, such as the random effect model and generalized method of moments (GMM) model for a panel of 50 firms from 11 CEE countries and a time duration of 14 years. This study determines the main factors that positively influence firm internationalization in selected countries. These countries have experienced a radical transition from centrally planned economies to market economies, and although they have experienced economic growth and a rise in productivity, they are still facing several challenges. Therefore, it is important to know what facilitates and helps firms to expand in international markets. The main findings derived from this study show that firm characteristics, such as age, size and corporate performance, have a positive effect on the internationalization process. An increase in age, size and firm performance leads to higher levels of internationalization. Larger and relatively older firms have access to more resources and are more experienced in dealing with the environmental difficulties characteristic of these countries.

Towards Sustainable Knowledge Sharing Practices: An Analysis of Organizational Level Enablers

Sustainable management activities focus on creating efficiencies and value for organizations. Scholars advocate that evaluating and enabling appropriate management interventions can pave the way for future competitive advantage and sustainability. Knowledge management is regarded as a key organizational resource and a means of gaining a sustainable competitive advantage. This is especially important in high-tech service organizations, which are under increasing pressure to capture, process and share knowledge efficiently. While much work has been conducted to advance our knowledge on good practices, there is a dearth of empirical evidence relating to organizational level enablers for knowledge sharing. We advocate that creating the conditions conducive to knowledge sharing influences an organization’s ability to sustain a long-term competitive advantage. Therefore, this current study extends the literature on knowledge management by exploring the questions of whether and how key organizational factors impact knowledge sharing, focusing on the role of trust, communication, reward systems and leadership. To do this, we analyzed prior work and generated hypotheses relating to relevant enablers. We then operationalized these constructs via a structured data collection instrument, which consisted of 27 measurable items. Empirical data were collected from 104 team members in a high-tech service organization in Ireland. Data were analyzed using a quantitative approach, and descriptive statistics, correlations and regression analyses are presented. Our research offers a persuasive body of evidence supporting the notion that trust, communication, reward systems, and leadership strongly impact knowledge sharing in organizations. Specifically, the findings reveal that employees are more willing to share their personal knowledge with those they trust, and carefully designed communication systems can enable knowledge sharing. Reward systems play an important role in affecting employees’ motivation to share knowledge, while empowering leadership and participatory leadership are two main drivers in promoting knowledge sharing. This research addresses a relatively unexplored area, has implications for sustainable management practices relating to organizational design and provides ideas for future research studies.