Evaluating the Impact of Technology Investments on Economic Performance and Operational Efficiency in Diverse Industry Sectors

Nadhila Adelfrini; Syamsurianti Syamsurianti; Shanty  Shanaya

doi:10.71435/604083

Authors

Nadhila Adelfrini Indonesian Muslim University
Syamsurianti Syamsurianti Indonesian Muslim University
Shanty Shanaya Indonesian Muslim University

DOI:

https://doi.org/10.71435/604083

Keywords:

Resource Allocation Strategies, Economic Performance Indicators, Technology Investments, Operational Efficiency, Industry Sector Analysis

Abstract

This study explores the impact of strategic resource allocation on economic management excellence, focusing on profitability, return on investment (ROI), operational efficiency, and market share growth. Utilizing quantitative methods, including ANOVA and regression analysis, the research examines how varying levels of financial, technological, and human resource deployment influence these performance metrics across different industry sectors. The results reveal significant variations in economic outcomes based on resource allocation, highlighting the importance of tailored strategies for optimal performance. This study addresses gaps in the literature by providing empirical evidence of the direct effects of resource allocation on organizational success and offers insights for refining resource management practices.

References

Amenta, C., Destri, A. M. L., Levanti, G., & Di Betta, P. (2022). The challenges underlying firm revival and resilience in the Post-COVID-19 phase. In COVID-19 and Communities: The University of Palermo's Voices and Analyses During the Pandemic (pp. 53-73). Cham: Springer International Publishing. https://doi.org/10.1007/978-3-030-88622-6_7

Ammons, D. N. (2019). Productivity barriers in the public sector. In Public productivity handbook (pp. 147-173). CRC Press. https://doi.org/10.4324/9781482277074

Aragão, J. P. S., & Fontana, M. E. (2022). Outsourcing strategies in public services under budgetary constraints: analysing perceptions of public managers. Public Organization Review, 22(1), 61-77. https://doi.org/10.1007/s11115-021-00517-5

Bag, S., Wood, L. C., Xu, L., Dhamija, P., & Kayikci, Y. (2020). Big data analytics as an operational excellence approach to enhance sustainable supply chain performance. Resources, conservation and recycling, 153, 104559. https://doi.org/10.1016/j.resconrec.2019.104559

Baia, E., Ferreira, J. J., & Rodrigues, R. (2020). Value and rareness of resources and capabilities as sources of competitive advantage and superior performance. Knowledge Management Research & Practice, 18(3), 249-262. https://doi.org/10.1080/14778238.2019.1599308

Bhandari, K. R., Rana, S., Paul, J., & Salo, J. (2020). Relative exploration and firm performance: Why resource-theory alone is not sufficient?. Journal of Business Research, 118, 363-377. https://doi.org/10.1016/j.jbusres.2020.07.001

Chester, M. V., & Allenby, B. (2019). Toward adaptive infrastructure: flexibility and agility in a non-stationarity age. Sustainable and Resilient Infrastructure, 4(4), 173-191. https://doi.org/10.1080/23789689.2017.1416846

Dev, N. K., Shankar, R., & Qaiser, F. H. (2020). Industry 4.0 and circular economy: Operational excellence for sustainable reverse supply chain performance. Resources, Conservation and Recycling, 153, 104583. https://doi.org/10.1016/j.resconrec.2019.104583

Gavrikova, E., Volkova, I., & Burda, Y. (2020). Strategic aspects of asset management: An overview of current research. Sustainability, 12(15), 5955. https://doi.org/10.3390/su12155955

Guerrero, O. A., & Castañeda, G. (2020). Policy priority inference: A computational framework to analyze the allocation of resources for the sustainable development goals. Data & Policy, 2, e17. https://doi.org/10.1017/dap.2020.18

Haarhaus, T., & Liening, A. (2020). Building dynamic capabilities to cope with environmental uncertainty: The role of strategic foresight. Technological Forecasting and Social Change, 155, 120033.m https://doi.org/10.1016/j.techfore.2020.120033

Holbeche, L. (2019). Designing sustainably agile and resilient organizations. Systems Research and Behavioral Science, 36(5), 668-677. https://doi.org/10.1002/sres.2624

Jankalová, M., & Jankal, R. (2020). How to characterize business excellence and determine the relation between business excellence and sustainability. Sustainability, 12(15), 6198. https://doi.org/10.3390/su12156198

Kaplinsky, R., & Kraemer-Mbula, E. (2022). Innovation and uneven development: The challenge for low-and middle-income economies. Research Policy, 51(2), 104394. https://doi.org/10.1016/j.respol.2021.104394

Kristoffersen, E., Mikalef, P., Blomsma, F., & Li, J. (2021). The effects of business analytics capability on circular economy implementation, resource orchestration capability, and firm performance. International Journal of Production Economics, 239, 108205. https://doi.org/10.1016/j.ijpe.2021.108205

Liu, L., Zhao, Z., Zhang, M., & Zhou, D. (2022). Green investment efficiency in the Chinese energy sector: Overinvestment or underinvestment?. Energy Policy, 160, 112694. https://doi.org/10.1016/j.enpol.2021.112694

Liu, S. (2022). Internal economic management and performance evaluation method of enterprise based on balanced scorecard. Discrete Dynamics in Nature and Society, 2022(1), 5071667. https://doi.org/10.1155/2022/5071667

Mahdi, O. R., & Nassar, I. A. (2021). The business model of sustainable competitive advantage through strategic leadership capabilities and knowledge management processes to overcome covid-19 pandemic. Sustainability, 13(17), 9891. https://doi.org/10.3390/su13179891

Mahmood, T., & Mubarik, M. S. (2020). Balancing innovation and exploitation in the fourth industrial revolution: Role of intellectual capital and technology absorptive capacity. Technological forecasting and social change, 160, 120248. https://doi.org/10.1016/j.techfore.2020.120248

Ng, K. K., Chen, C. H., Lee, C. K., Jiao, J. R., & Yang, Z. X. (2021). A systematic literature review on intelligent automation: Aligning concepts from theory, practice, and future perspectives. Advanced Engineering Informatics, 47, 101246. https://doi.org/10.1016/j.aei.2021.101246

Paik, Y., Kang, S., & Seamans, R. (2019). Entrepreneurship, innovation, and political competition: How the public sector helps the sharing economy create value. Strategic Management Journal, 40(4), 503-532. https://doi.org/10.1002/smj.2937

Pawłowski, K. P., Czubak, W., Zmyślona, J., & Sadowski, A. (2021). Overinvestment in selected Central and Eastern European countries: Production and economic effects. Plos one, 16(5), e0251394. https://doi.org/10.1371/journal.pone.0251394

Pisz, I. (2021). Impact COVID-19 pandemic on implementation Industry 4.0 in enterprises and supply chains. Zeszyty Naukowe. Organizacja i Zarządzanie/Politechnika Śląska. http://dx.doi.org/10.29119/1641-3466.2021.150.14

Rahiminezhad Galankashi, M., & Mokhatab Rafiei, F. (2022). Financial performance measurement of supply chains: a review. International journal of productivity and performance management, 71(5), 1674-1707. https://doi.org/10.1108/IJPPM-11-2019-0533

Sheng, J., Amankwah‐Amoah, J., Khan, Z., & Wang, X. (2021). COVID‐19 pandemic in the new era of big data analytics: Methodological innovations and future research directions. British Journal of Management, 32(4), 1164-1183. https://doi.org/10.1111/1467-8551.12441

Silva, R., & Oliveira, C. (2020). The influence of innovation in tangible and intangible resource allocation: A qualitative multi case study. Sustainability, 12(12), 4989. https://doi.org/10.3390/su12124989

Soomro, B. A., Mangi, S., & Shah, N. (2021). Strategic factors and significance of organizational innovation and organizational learning in organizational performance. European Journal of Innovation Management, 24(2), 481-506. https://doi.org/10.1108/EJIM-05-2019-0114

Tajeddini, K., Martin, E., & Ali, A. (2020). Enhancing hospitality business performance: The role of entrepreneurial orientation and networking ties in a dynamic environment. International Journal of Hospitality Management, 90, 102605. https://doi.org/10.1016/j.ijhm.2020.102605

Thakur, R., & Hale, D. (2022). Strategic crisis response: managerial implications and direction for recovery and survival. Journal of Business & Industrial Marketing, 37(10), 1959-1973. https://doi.org/10.1108/JBIM-01-2021-0029

Thomas, R. K., & Thomas, R. K. (2021). Strategic planning. Health services Planning, 215-245. https://doi.org/10.1007/978-1-0716-1076-3_9

Velenturf, A. P., & Jopson, J. S. (2019). Making the business case for resource recovery. Science of the Total Environment, 648, 1031-1041. https://doi.org/10.1016/j.scitotenv.2018.08.224

Viale, L., & Zouari, D. (2020, July). Impact of digitalization on procurement: the case of robotic process automation. In Supply Chain Forum: An International Journal (Vol. 21, No. 3, pp. 185-195). Taylor & Francis. https://doi.org/10.1080/16258312.2020.1776089

Ying, Q., Hassan, H., & Ahmad, H. (2019). The role of a manager’s intangible capabilities in resource acquisition and sustainable competitive performance. Sustainability, 11(2), 527. https://doi.org/10.3390/su11020527

Zhang, Y., & Dilanchiev, A. (2022). Economic recovery, industrial structure and natural resource utilization efficiency in China: effect on green economic recovery. Resources Policy, 79, 102958. https://doi.org/10.1016/j.resourpol.2022.102958

Zhao, E. Y. (2022). Optimal distinctiveness: A new agenda for the study of competitive positioning of organizations and markets. Cambridge University Press. https://doi.org/10.1017/9781108990561