Differences in stakeholder expectations of interest in service offerings during COVID-19 in electrical engineering companies

Result code in IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216305%3A26510%2F23%3APU147710" target="_blank" >RIV/00216305:26510/23:PU147710 - isvavai.cz</a>

Result on the web

<a href="https://globalizacia.com/wp-content/uploads/2023/02/Globalizacia_2022.pdf" target="_blank" >https://globalizacia.com/wp-content/uploads/2023/02/Globalizacia_2022.pdf</a>

DOI - Digital Object Identifier

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Result language

angličtina

Original language name

Differences in stakeholder expectations of interest in service offerings during COVID-19 in electrical engineering companies

Original language description

Research background: One of the options for maintaining a market position may be an emphasis on accompanying services, including smart services which, thanks to the limitations of COVID-19, could significantly alleviate the situation. However, in view of the evolving market situation, there is a general decline in the development of demand for standard products, as well as innovation and the cessation of investment in development projects. Nevertheless, there are companies that believe in renewal and increased interest in smart services from both management, customers and competitors. Purpose of the article: The purpose of this paper is to find out the differences in stakeholders’ expectations of interest in the service offering during COVID-19 in electrical engineering companies and whether these differences, if any, are significant in terms of size, market orientation, and industry focus. Methods: This paper draws on a conjunctural research approach via a quantitative survey collected in electrical engineering companies during the coronavirus pandemic. Findings and value added: The survey shows that expected results according to the CZ-NACE classification and size category does not prove the significance of the differences. Pessimism in the offering of complex solutions and smart services is generally lower compared to other categories. In terms of market orientation, there is no optimism about the increase in demand from final consumers, although it is different in the case of distributors. The company whose partners are intermediaries expect increased interest from customers, but they cannot determine the estimate of the steps taken by the competition, especially in the area of offering complex solutions. Increased interest in focusing on the B2B market is expected by companies, especially in the area of smart services on offer by competitors, but they do not expect a sharp increase from customers.

Czech name

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Czech description

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Type

D - Article in proceedings

CEP classification

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OECD FORD branch

50204 - Business and management

Project

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Continuities

S - Specificky vyzkum na vysokych skolach

Publication year

2023

Confidentiality

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Article name in the collection

GLOBALIZATION AND ITS SOCIO-ECONOMIC CONSEQUENCES 22th International Scientific Conference

ISBN

978-80-8154-332-6

ISSN

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e-ISSN

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Number of pages

10

Pages from-to

610-619

Publisher name

University of Žilina

Place of publication

Žilina

Event location

Rajecké teplice

Event date

Oct 12, 2022

Type of event by nationality

WRD - Celosvětová akce

UT code for WoS article

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