Vol. 2 No. 3 (2023): December Special Issue of The QUEST: Journal of Multidisciplinary Research and Development
Articles

Traditional Publishing Enterprises Shift to Digitalization: Basis for Strategic Plan

Xu Yuanming
China Youth Press, Beijing, China
Jennifer Fronda
Nueva Ecija University of Science and Technology

Published 12/30/2023

Keywords

  • Digital transformation; Profitability; State-owned enterprises; Strategic planning; Traditional publishing

How to Cite

Yuanming, X., & Fronda, J. (2023). Traditional Publishing Enterprises Shift to Digitalization: Basis for Strategic Plan. The QUEST: Journal of Multidisciplinary Research and Development, 2(3). https://doi.org/10.60008/thequest.v2i3.147

Abstract

Digital transformation of traditional publishing enterprises in China is the main focus of the study, which aims to provide a comprehensive overview and propose strategic operational plans based on research findings. Through a descriptive research method with a quantitative research design, data was collected from managers across various departments of traditional publishing companies. The survey revealed that most of these enterprises are state-owned, with extensive operating histories and a predominantly domestic market focus. Structural challenges in digital transformation include cultural shifts, leadership adjustments, organizational coordination, and decision-making agility. Facility and resource challenges encompass high investment costs, talent shortages, copyright protection concerns, market fluctuations, and technological adaptation deficits. Systemic challenges involve technological infrastructure upgrades, process reengineering, data management, personnel training, and change management. Moreover, digital technology offers opportunities to enhance operational efficiency, broaden market reach, provide personalized services, and optimize marketing effectiveness, thereby boosting profitability and market competitiveness. Digitalization positively impacts customer satisfaction by improving publication quality, accuracy, cycle times, diversity, and usability. The study concludes with a strategic plan tailored to enhance the digital transformation of traditional publishing enterprises, addressing structural, resource, and process challenges while leveraging digital technology to drive business growth and customer satisfaction.Top of Form

Full PDF

References

  1. Chang J. (2021) Research on Strategic Planning of Company A (Master's Thesis, Yunnan University of Finance and Economics) https://kns.cnki.net/kcms2/article/abstract?v=32zMbNrZv2AvMGtshTABemwQk6HduknfsR3GY8IIC38H3CPyFcQYSnOlL1lPhIFAMhczzLGX3AZGPD3QpMlC9RoN1QetQ5bfqdF -TNe_ FKqll5g7n300XtUeoOlUKyuJXWRvEBy38OM=&uniplatform=NZKPT&language=CHS.
  2. Chen M. (2023). Research on Improving the Marketing Strategy of H Children's Publishing House Publications (Master's Thesis, Chang'an University) https://kns.cnki.net/kcms2/article/abstract?v=32zMbNrZv2A90YAli1E0C0Cxp1EEJGbMOgpDU8aLAyRGkIxdYGl8473WkgPJf -ZIwCIN1Mvfsg1oWNiOs6bZusqEQM3cn4_ D8s3_ MGRv8cZyjaFZOw90d4i7W7FYmxydSFVLKYM5PRE=&uniplatform=NZKPT&language=CHS.
  3. Geng R. (2018). Explanation of the digital transformation of traditional publishing and its practical significance Technology Communication (2), 2. DOI: CNKI: SUN: KJCB.0.2018-02-078.
  4. He G. (2014). Analysis of the Distinctive Path of Digital Transformation in Publishing Groups Editorial Journal (02), 93-96 https://kns.cnki.net/kcms/detail/detail.aspx?FileName=BJXZ201402024&DbName=CJFQ2014.
  5. He M., Zhang Z., and Sun J. (2010). Analysis of the Growth of the Digital Publishing Industry Journal of Beijing Institute of Printing and Technology (01), 6-10 Doi: 10.19461/j.cnki.1004-8626.2010.01.002.
  6. Li G., Li X. (2014). The digital transformation of traditional publishing enterprises in China Today's Media (12), 77-79 https://kns.cnki.net/kcms/detail/detail.aspx?FileName=BKZY201412037&DbName=CJFQ2014.
  7. National Press and Publication Administration (2023). 2021 News and Publishing Industry Analysis Report https://www.nppa.gov.cn/xxgk/fdzdgknr/tjxx/202305/P020230530667517704140.pdf
  8. Su Y.(2022). Research on the Digital Publishing Transformation of Guangxi Book Publishing Units (Master's Thesis, Nanning Normal University) https://kns.cnki.net/kcms2/article/abstract?v=32zMbNrZv2DNAyS8mGLRBeWpdTHkJncwTvPDVe5_y5YwtkBwiErbp5fqJ5e -H3zymCSzzGnb_ NiwzKweWoxDuq-T0t9MpRq6MVT_ Nb7UnupjgUQ5KwLB1ihS0mBuvj4HhlYa4ahp6yM=&uniplatform=NZKPT&language=CHS.
  9. Wang Q. (2023). Reflections on the Digital Transformation of Traditional Publishing Enterprises Communication and Copyright (08), 71-74. doi: 10.16852/j.cnki.45-1390/g2.2023.08.014
  10. Wang, A., & Zhang, B. (2020). Research on the Digital Transformation, Innovation and Development of Traditional Publishing Houses Publishing Science (04), 43-46. doi: 10.13363/j. publishingjournal. 2018.04.037.