Abstract

Individuals and businesses engage in a number of activities in the digital environment. During unexpected circumstances, such as COVID-19, many people used the internet for purposes such as education, work, and entertainment. This has led to a rapid growth in the content industry. Thus, studies of the sustainability and success of content companies are essential. Few empirical studies focus on these aspects of content companies, particularly concentrating on the importance of management and innovation capability. This study examines the roles of management and innovation capabilities and the human, technical, and organizational factors that affect these capabilities. This, in turn, positively affects the sustainability and success of content companies. The proposed research model includes content development ability and leadership as a human factor, technical support and information technology (IT) infrastructure as a technical factor, and top management and financial support as an organizational factor. A total of 255 responses were collected from upper management-level employees at various firms in the content industry. Covariance-based structural equation modeling was used with Amos 22.0. The results indicated that all proposed hypotheses were supported with the exception of the hypothesis that tests the relationship between content development and management capability. The study findings provide information necessary for future sustainability and success of content companies.

Highlights

  • The rapid progress of the Fourth Industrial Revolution has blurred the boundaries between online and offline, and between industries

  • To confirm the measures used in this study, we evaluated the measurement model by examining (1) overall fitness, (2) reliability, and (3) convergent and discriminant validity

  • The criteria for goodness-of-fit were based on several indicators, including normed fit index (NFI), goodness-of-fit index (GFI), adjusted goodness-of-fit index (AGFI), comparative fit index (CFI), root mean square error of approximation (RMSEA), and relative chi-square (χ2 /df)

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Summary

Introduction

The rapid progress of the Fourth Industrial Revolution has blurred the boundaries between online and offline, and between industries. Firms have developed new technologies that have changed the digital environment and content usage. In response to these changes, countries are actively promoting digital policies or large-scale investments [1]. The United States has been promoting digital innovation policies as a key driver of economic growth in the early years. China is securing global market share through large-scale investments in digital infrastructure and ecosystems. Europe is promoting government-led digitization and investments in technology development

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