| Achievement of objectives | Organizational reform and management strategy formulation | Human resource development and capacity building | Productivity improvement and efficiency | Improvement of existing products |
| Net sales | 0.000 | 0.000 | 0.000 | 0.000 |
| (0.000) | (0.000) | (0.000) | (0.000) | |
| R & D expenses | 0.000 | 0.000 | 0.000 | 0.000 |
| (0.000) | (0.000) | (0.000) | (0.000) | |
| Listed dummy | 0.320* | 0.258 | 0.460** | 0.019 |
| (0.199) | (0.204) | (0.199) | (0.202) | |
| Manufacturing industry dummy | 0.242 | −0.103 | 0.413* | 0.464* |
| (0.233) | (0.241) | (0.234) | (0.238) | |
| Number of patents held | 0.072 | 0.065 | 0.109 | 0.105 |
| (0.099) | (0.103) | (0.100) | (0.101) | |
| Person in charge dummy | −0.146 | 0.199 | −0.133 | 0.102 |
| (0.200) | (0.204) | (0.201) | (0.202) | |
| Formulation of a strategy for data analytics | 0.415*** | 0.124 | 0.392*** | 0.207 |
| (0.153) | (0.156) | (0.153) | (0.155) | |
| System deployment | −0.118 | 0.123 | 0.005 | 0.056 |
| (0.206) | (0.211) | (0.207) | (0.209) | |
| Acquisition of skills and knowledge | 0.405** | 0.394** | −0.101 | 0.031 |
| (0.165) | (0.168) | (0.165) | (0.165) | |
| Qualitative improvement of data | 0.198 | 0.170 | 0.678*** | 0.673*** |
| (0.187) | (0.192) | (0.190) | (0.193) | |
| Observations | 456 | |||
| Cox-Snell R2 | 0.136 | 0.110 | 0.154 | 0.155 |
| *p < 0.1, **p < 0.05, ***p < 0.01 | ||||
| Values in parentheses: SE | ||||
| Created by author | ||||
| Achievement of objectives | Development of new products | Analysis of industry or market | CRM | Building partnerships with other organizations |
| Net sales | 0.000* | 0.000* | 0.000* | 0.000 |
| (0.000) | (0.000) | (0.000) | (0.000) | |
| R&D expenses | 0.000* | 0.000** | 0.000 | 0.000 |
| (0.000) | (0.000) | (0.000) | (0.000) | |
| Listed dummy | -0.138 | 0.306 | 0.115 | 0.165 |
| (0.204) | (0.201) | (0.201) | (0.229) | |
| Manufacturing industry dummy | 0.335 | 0.422* | 0.163 | 0.276 |
| (0.238) | (0.235) | (0.237) | (0.268) | |
| Number of patents held | 0.143 | 0.109 | -0.030 | 0.105 |
| (0.101) | (0.100) | (0.101) | (0.116) | |
| Person in charge dummy | 0.120 | -0.003 | 0.147 | 0.266 |
| (0.204) | (0.201) | (0.201) | (0.222) | |
| Formulation of a strategy for data analytics | 0.187 | 0.295** | 0.364** | 0.455*** |
| (0.158) | (0.154) | (0.154) | (0.177) | |
| System deployment | 0.153 | 0.300 | -0.031 | 0.284 |
| (0.210) | (0.207) | (0.209) | (0.231) | |
| Acquisition of skills and knowledge | 0.257 | 0.040 | 0.027 | -0.063 |
| (0.167) | (0.165) | (0.165) | (0.182) | |
| Qualitative improvement of data | 0.329* | 0.243 | 0.659*** | 0.419** |
| (0.192) | (0.188) | (0.191) | (0.213) | |
| Observations | 456 | |||
| Cox-Snell R2 | 0.143 | 0.132 | 0.167 | 0.166 |
| *p < 0.1, **p < 0.05, ***p < 0.01 | ||||
| Values in parentheses: SE | ||||
| Created by author | ||||