ItemArticle

The Effect of Digital Transformation Capability on Business Model Innovation in Industry 5.0: Evidence from Vietnamese Small and Medium Enterprises

Title
The Effect of Digital Transformation Capability on Business Model Innovation in Industry 5.0: Evidence from Vietnamese Small and Medium Enterprises
Creator
Olubiyi, Timilehin Olasoji; Longe, Olumide Babatope; Susela Devi, K. Suppiah; Sinha, Mudita
Description
Digital transformation (DGT) in the industry 5.0 not only creates a comprehensive and sustainable socio?economic system but also helps businesses increase their resilience. This study aims to determine the effect of DGT capability on business model innovation (BMI) of Vietnamese small? and medium?sized enterprises (SMEs). The data were surveyed from 307 leaders working at SMEs in Vietnam and processed in two steps using SmartPLS 4.0 software. The results show that technology capability (TCC), organizational capability (OGC), strategy capability (STC), ecosystem capability (ECC), and risk management (RSM) have a positive effect on DGT. The results also show that DGT has a significant and positive influence on BMI, and the mediating role of DGT has also been confirmed. Afterward, Vietnamese SMEs have been advised to consider governance implications when enhancing their business models to align with the 5.0 industry. 2026 Tang My Sang
Source
Contemporary Issues in Entrepreneurship Research;Volume;10;Issue;1;
Date
01-01-2025
Publisher
Emerald Publishing
Subject
AI; Business model innovation; C83; Competition; D22; digital transformation; Industry 5.0; M15; organization capability; Policy; risk management; Robots; SMEs; Start-ups; TOE framework
Coverage
Olubiyi T.O., West Midlands Open University, Nigeria; Longe O.B., West Midlands Open University, Nigeria; Susela Devi K.S., Sunway University, Malaysia; Sinha M., Christ University, India
Rights
Restricted Access; Hardcopy may be available in the library
Relation
ISSN: 20407246;
Format
online
Language
English
Type
Article

Citation

Olubiyi, Timilehin Olasoji; Longe, Olumide Babatope; Susela Devi, K. Suppiah; Sinha, Mudita, “The Effect of Digital Transformation Capability on Business Model Innovation in Industry 5.0: Evidence from Vietnamese Small and Medium Enterprises,” CHRIST (Deemed To Be University) Institutional Repository, accessed June 18, 2026, https://archives.christuniversity.in/items/show/22926.

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