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As competition in the low-voltage industry intensifies, price-cutting has become the norm, leading to significant profit reductions for many companies. Additionally, the younger workforce is increasingly disinterested in traditional construction site jobs. Coupled with a decline in business volume and the inability to sustain operational expenses, small and medium-sized enterprises (SMEs) are at a growing disadvantage in competition with larger companies. In this context, transitioning into an electromechanical (E&M) company becomes crucial. This cross-industry transformation requires companies to reposition in the market, expand technical capabilities, improve human resource strategies, and adopt innovative business models.
Firstly, re-evaluating market positioning will prompt companies to explore new opportunities in the E&M management field. Companies must conduct market research to understand the demands and trends of the E&M industry. Secondly, expanding technical capabilities means investing in employee training and equipment upgrades to meet the high standards of E&M services. Furthermore, human resource strategies must be innovative to attract and retain the younger generation, such as offering better working conditions and career development paths. Lastly, companies can consider adopting new business models, like becoming solution providers, offering not only installation services but also maintenance, monitoring, and energy management as added-value services.
This thesis will approach the topic from a strategic management perspective, using case studies, market analysis, and industry expert interviews to provide a concrete transformation framework. It will explore the key success factors in the transformation process, such as organizational structure adjustment, the role of leadership, corporate culture change, and the development of innovation capabilities. Additionally, this study will focus on how SMEs can effectively undergo cross-industry transformation with limited human and financial resources. Through this research, we will propose a series of feasible strategies aimed at helping similar companies turn crises into opportunities and rejuvenate their business vitality amidst industry decline and market pressures.
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