Navigating the Digital Frontier: A Literature Review on Business Digitalization
Keywords:
Digitalization, organizations, integration, Key Components, challenges
Abstract
The rise of digital technology has compelled organizations to undergo significant changes or, at the very least, reassess their operational strategies. Many major corporations have poured significant financial resources into what is commonly referred to as "Digitalization." Digital transformation has become an imperative for businesses that want to survive and thrive in an ever-changing world. Faced with the rise of digital technology, organizations must imperatively adapt their processes, products and services to meet new customer expectations and remain competitive. Digitalization, the integration of digital technologies into various aspects of life and business, has revolutionized industries across the globe. Key components of this transformation include big data, artificial intelligence (AI), cloud computing, Internet of Things (IoT), and machine learning (ML) ,but even if Digitalization offers numerous benefits, including increased efficiency, innovation, and improved customer experiences, it also presents challenges such as security risks, the digital divide, technological dependency, and ethical considerations. Addressing these limitations is crucial to harnessing the full potential of digital technologies for positive societal impact. The objective of our article is to present a literature review on digitalization and provides an overview of the notable constraints and obstacles associated with digitalization and its advancement. It delves into the challenges related to the demand for digital resources, as well as the efficient and effective utilization thereof.
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References
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3. Apte, M. I., & Nerlekar, V. (2020) Literature Review on Study of Impact of Digitalization on Financial Performance of Urban Co-operative Banks.
4. Arnold, C., Kiel, D. , & Voigt, K.-I. (2016) “How the Industrial Internet of Things changes business models in different manufacturing industries”, International Journal of Innovation Management, Vol. 20 No. 8, pp. 1640015-1-1640015-25.
5. Aström, J., Reim ,W., & Parida ,V. (2022) Value creation and value capture for AI business model innovation: a three–phase process framework. Rev Manag Sci 16:2111–2133.
6. Awan ,U., Sroufe ,R., & Shahbaz ,M. (2021) Industry 4.0 and the circular economy: a literature review and recommendations for future research. Bus Strat Environ 30(4):2038–2060.
7. Benkaraache, T., & Ghanouane, K. (2020) Modèle théorique d’évaluation de l’apport de la transformation digitale à la chaîne de valeur des entreprises. Revue Internationale des Sciences de Gestion, 3(2).
8. Boitan, IA ., & Stefoni ,SE. (2022) Digitalization and the shadow economy; impact assessment and policy implications for EU countries. East. Eur Econ Early Access: Jul 2022.
9. Bouali, J., & Ejbari, R. (2022) La transformation digitale des entreprises : Proposition d’un cadre théorique global de compréhension. International Journal of Accounting, Finance, Auditing, Management and Economics, 3(1-1), 348-366.
10. Bouncken ,R. B., Kraus ,S. , & Roig-Tierno, N. (2021) Knowledge-and innovation-based business models for future growth: Digitalized business models and portfolio considerations. Review of Managerial Science, 15(1), 1–14.
11. Bouwman, H., de Reuver, M. & Shahrokh, N. (2017) “The impact of digitalization on business models: how IT artefacts, social media, and big data force firms to innovate their business model”, 14th International Telecommunications Society (ITS) Asia-Pacific Regional Conference, Kyoto, June 24-27.
12. Bresciani ,S. (2018) The management of organizational ambidexterity through alliances in a new context of analysis: Internet of Things (IoT) smart city projects Technological Forecasting and Social Change .
13. Burton-Jones ,A. , Akhlaghpour ,S. , Ayre , S., Barde ; P., Staib , A. , & Sullivan ,C. (2020) Changing the conversation on evaluating digital transformation in healthcare: Insights from an institutional analysis. Information and Organization, 30(1), 100255.
14. Chan , YE., Krishnamurthy ,R., & Sadreddin , A. (2022) Digitally-enabled university incubation processes. Technovation 118:102560.
15. Chen, C., Zhu, L., Zhong, H., Liu, C., Wu, M., & Zeng, H. (2019) Practical innovation of Chinese enterprises from “digital survival” view. J. Manag. Sci. China 22 (10), 1–8.
16. Chen ,H.Y. , Das, A. , & Ivanov , D. (2019) Building resilience and managing post-disruption supply chain recovery: lessons from the information and communication technology industry Int. J. Inf.Manag., 49 , pp. 330-342.
17. Chen ,Y.(2020) Improving market performance in the digital economy China Economic Review.
18. Chen, Q., & Tian, H. (2021) Impact mechanism of import competition on the development quality of Chinese manufacturing: Based on the mediating effect of innovation. Inq. into Econ. Issues (09), 130–142.
19. Cherkasova, V. A., & Slepushenko, G. A. (2021) The impact of digitalization on the financial performance of Russian companies. Finance : Theory and practice, 25(2), 128- 142.
20. Chesbrough, H. (2020) To recover faster from Covid-19, open up: Managerial implications from an open innovation perspective. Industrial Marketing Management, 88, 410–413.
21. Clerck, J. (2017). Digitalization, Digital Transformation: The Differences. i-SCOOP .
22. Crittenden, W., Biel, I., Lovely III, W (2019) Embracing digitalization: student learning and new technologies. J. Mark. Educ. 41(1), 5–14 .
23. Denicolai, S., Zucchella, A., & Magnani, G. (2021) Internationalization, digitalization, and sustainability: Are SMEs ready A survey on synergies and substituting effects among growth paths. Technological Forecasting and Social Change, 166, 120650.
24. Devereux, M., &Vella, J. (2018) Debate: implications of digitalization for international corporate tax reform. Intertax 46(6), 550–559 .
25. Donthu N., Kumar S., & Pattnaik , D. (2020) Forty-five years of journal of business research: A bibliometric analysis. Journal of Business Research, 109, 1–14.
26. Efimov, V., & Laptevа, A. (2018) The future of universities: is digitalization the priority J. Sib. Fed. Univ. Humanit. Soc. Sci. 11(12), 1925–1946 22.
27. Elhamma , A. (2023) Digitalisation et Incertitude environnementale : cas du contrôle de gestion des entreprises marocaines, Revue Economie, Gestion et Société, Vol. 1, n°39.
28. Elhamma , A. & El-moumane , R. (2023) Impact of Firm Size on Digitalization of Management Control: Evidence from Morocco, International Journal of Management, Accounting and Economics, Volume 10, Issue 6, pp.412-424.
29. Eller, R., Alford, P., Kallmünzer, A., & Peters, M. (2020) Antecedents, consequences, and challenges of small and medium-sized enterprise digitalization. Journal of Business Research, 112, 119-127.
30. Fernández-Portillo, A., Almodóvar-González, M., Sánchez-Escobedo, M. C., & CocaPérez, J. L. (2022) The role of innovation in the relationship between digitalisation and economic and financial performance. Company-level research. European Research on Management and Business Economics, 28(3), 100190.
31. Ghobakhloo ,M. (2018) The future of manufacturing industry: A strategic roadmap toward Industry 4.0-Journal of Manufacturing Technology Management .
32. Gobble, M. (2018) Digitalization, digitization, and innovation. Res. Technol. Manag. 61(4), 56–59 .
33. Gupta, S., Chen, H. Z., Hazen, B. T., Kaur, S., & Gonzalez, E. D. R. S. (2019) Circular economy and big data analytics: A stakeholder perspective. Technological Forecasting and Social Change, 144, 466–474.
34. Hai ,T. N., Van ,Q. N., Thi Tuyet, M. N. (2021) Digital transformation: Opportunities and challenges for leaders in the emerging countries in response to Covid-19 pandemic. Emerging Science Journal, 5, 21–36.
35. Henriette, E., Feki, M., & Boughzala, I. (2015) The shape of digital transformation: a systematic literature review. In: Proceedings of the Mediterranean Conference on Information Systems, MCIS 2015, pp. 431–443. AISeL Press .
36. Hinings, B., Gegenhuber, T., & Greenwood, R. (2018) Digital innovation and transformation : An institutional perspective. Information and Organization, 28(1), 52- 61.
37. Jacobides ,M., Cennamo ,C., & Gawer ,A. (2018) Towards a theory of ecosystems. Strat Manag J 39:2255–2276.
38. Javaid, M., & Khan, I.H., (2022) "Exploring contributions of drones towards Industry 4.0", Industrial Robot, Vol. 49 No. 3, pp. 476-490.
39. Ji, C., Y. Li, W.,Qiu, U., & Li ,K. (2012) Big Data Processing in Cloud Computing Environments. In 2012 12th International Symposium on Pervasive Systems, Algorithms and Networks (ISPAN), 17–23. IEEE.
40. Kim J., Giroux M,Choi Y. K., Gonzalez-Jimenez H., Lee J. C., Park J., & Jang S., . (2021) The moderating role of childhood socioeconomic status on the impact of nudging on the perceived threat of coronavirus and stockpiling intention. Journal of Retailing and Consumer Services, 59, 102362.
41. Kohtamäki, M., Parida, V., Oghazi, P., Gebauer, H., & Baines, T. (2019) Digital servitization business models in ecosystems: A theory of the firm. Journal of Business Research, 104, 380-392.
42. Kopalle, P., Kumar ,V., & Subramaniam , M. (2020) How legacy frms can embrace the digital ecosystem via digital customer orientation. J Acad Market Sci 48:114–131.
43. Kraus, S., Roig-Tierno, N., & Bouncken, R. B. (2019) Digital innovation and venturing: An introduction into the digitalization of entrepreneurship. Review of Managerial Science, 13(3), 519-528.
44. Lenka, S., Parida, V. & Wincent, J. (2017) Digitalization capabilities as enablers of value co-creation in servitizing firms. Psychol. Market. 34(1), 92–100 .
45. Li ,H., & Wang ,Y. (2021) Organisational mindfulness towards digital transformation as a prerequisite of information processing capability to achieve market agility. J Bus Res 122:700–712.
46. López-Rubio P., Roig-Tierno N., & Mas-Verdú F. (2021) Assessing the origins, evolution and prospects of national innovation systems. Journal of the Knowledge Economy.
47. Morakanyane, R., Grace, A. A., & O'reilly, P. (2017) Conceptualizing digital transformation in business organizations: A systematic review of literature.
48. Morley, J., Widdicks, K., & Hazas, M. (2018) Digitalisation, energy and data demand: the impact of internet traffic on overall and peak electricity consumption. Energy Res. Soc. Sci. 38(1), 128–137 .
49. Nadkarni, S., & Prügl, R. (2021) Digital transformation: a review, synthesis and opportunities for future research. Management Review Quarterly, 71, 233-341.
50. Nasiri ,M., Saunila ,M., Ukko J .(2022) Digital orientation, digital maturity, and digital intensity: determinants of fnancial success in digital transformation settings. Int J Oper Prod Manage 42(13):274–298.
51. Nasser, T., & Tariq ,R. S.(2015) “Big Data Challenges.” Journal of Computer Engineering & Information Technology 4 (3): 1–10.
52. Parida, V., Sjödin, D., & Reim, W. (2019) Reviewing literature on digitalization, business model innovation, and sustainable industry: past achievements and future promises. Sustainability 11(2), 391-1–391-18 .
53. Park ,J., Lee, J .(2020) Nudging to reduce the perceived threat of coronavirus and stockpiling intention. Journal of Advertising, 49(5), 633–647.
54. Parviainen P., Tihinen M., Kääriäinen J., & Teppola S. (2017) Tackling the digitalization challenge: How to benefit from digitalization in practice. International Journal of Information Systems and Project Management, 5(1), 63–77.
55. Quach ,S., Thaichon ,P., Martin ,KD., Eaven ,S., & Palmatier ,RW. (2022) Digital technologies: tensions in privacy and data. J Acad Market Sci 50(6):1299–1323.
56. Reis, J., Amorim, M., Melão, N., & Matos, P. (2018) Digital transformation: a literature review and guidelines for future research. Trends and Advances in Information Systems and Technologies : Volume 1 6, 411-421.
57. Rondero, C.L., Martinez-Flores, J.L., Smith, N.R., Morales, S.O.C., & Aldrette Malacara, A. (2019) Digital supply chain model in Industry 4.0. J. Manuf. Technol. Manag.
58. Somohano-Rodríguez ,FM., Madrid-Guijarro, A., & Lopez-Fernandez ,JM. (2022) Does industry 4.0 really matter for SME innovation J Small Bus Manage 60(4):1001–1028.
59. Teubner ,RA., & Stockhinger ,J. (2020) Literature review: understanding information systems strategy in the digital era. J Strat Inform Syst 29:101642.
60. Tozanlı, Ö.; Kongar, E. & Gupta, S.M. (2020) Trade-in-to-upgrade as a marketing strategy in disassembly-to-order systems at the edge of blockchain technology. Int. J. Prod. Res. 1–18.
61. Troise ,C., Tani ,M., Matricano ,D., & Ferrara ,E. (2022) Guest editorial: Digital transformation, strategies management and entrepreneurial process: dynamics, challenges and opportunities. J Strat Manage 15(3):329–334.
62. Truant, E., Broccardo, L., & Dana, L. P. (2021) Digitalisation boosts company performance: an overview of Italian listed companies. Technological Forecasting and Social Change, 173, 121173.
63. Valenduc, G., & Vendramin, P. (2017) Digitalisation, between disruption and evolution. Transf.: Eur. Rev. Labour Res. 23(2), 121–134 .
64. Weill, P. ,& Woerner ,S.L. (2018) What’s Your Digital Business Model?: Six Questions to Help You Build the Next-Generation Enterprise (Boston, Harvard Business Review Press).
65. Wen , HW., Zhong ,Om., & Lee, CC. (2022) Digitalization, competition strategy and corporate innovation: evidence from Chines manufacturing listed companies. Int Rev Financial Anal 82:102166.
66. Wiech, M., Boffelli, A., Elbe, C., Carminati, P., Friedli, T., & Kalchschmidt, M. (2022). Implementation of big data analytics and Manufacturing Execution Systems: an empirical analysis in German-speaking countries. Production Planning & Control, 33(2-3), 261-276.
67. Witschel ,D., Baumann ,D., & Voigt ,KI. (2022) How manufacturing firms navigate through stormy waters of digitalization: the role of dynamic capabilities, organizational factors and environmental turbulence for business model innovation. J Manage Organization 28(3):681–714.
68. Zhou, D., Kautonen, M., Dai, W., & Zhang, H. (2021) Exploring how digitalization influences incumbents in financial services: The role of entrepreneurial orientation, firm assets, and organizational legitimacy. Technological Forecasting and Social Change, 173, 121120.
69. https://hbr.org/2021 / HARVARD BUSINESS REVIEW
70. https://journals.sagepub.com/doi/full/10.1177/21582440211047576
71. https://www.mckinsey.com/featured-insights/mckinsey-explainers/what-is-digital-transformation
72. www.sciencedirect.com
2. Abriane, A., Rachid, Z. I. K. Y., & Bahida, H. (2021) Les déterminants de l’adoption de la digitalisation par les entreprises : Revue de littérature. Revue Française d'Economie et de Gestion, 2(10).
3. Apte, M. I., & Nerlekar, V. (2020) Literature Review on Study of Impact of Digitalization on Financial Performance of Urban Co-operative Banks.
4. Arnold, C., Kiel, D. , & Voigt, K.-I. (2016) “How the Industrial Internet of Things changes business models in different manufacturing industries”, International Journal of Innovation Management, Vol. 20 No. 8, pp. 1640015-1-1640015-25.
5. Aström, J., Reim ,W., & Parida ,V. (2022) Value creation and value capture for AI business model innovation: a three–phase process framework. Rev Manag Sci 16:2111–2133.
6. Awan ,U., Sroufe ,R., & Shahbaz ,M. (2021) Industry 4.0 and the circular economy: a literature review and recommendations for future research. Bus Strat Environ 30(4):2038–2060.
7. Benkaraache, T., & Ghanouane, K. (2020) Modèle théorique d’évaluation de l’apport de la transformation digitale à la chaîne de valeur des entreprises. Revue Internationale des Sciences de Gestion, 3(2).
8. Boitan, IA ., & Stefoni ,SE. (2022) Digitalization and the shadow economy; impact assessment and policy implications for EU countries. East. Eur Econ Early Access: Jul 2022.
9. Bouali, J., & Ejbari, R. (2022) La transformation digitale des entreprises : Proposition d’un cadre théorique global de compréhension. International Journal of Accounting, Finance, Auditing, Management and Economics, 3(1-1), 348-366.
10. Bouncken ,R. B., Kraus ,S. , & Roig-Tierno, N. (2021) Knowledge-and innovation-based business models for future growth: Digitalized business models and portfolio considerations. Review of Managerial Science, 15(1), 1–14.
11. Bouwman, H., de Reuver, M. & Shahrokh, N. (2017) “The impact of digitalization on business models: how IT artefacts, social media, and big data force firms to innovate their business model”, 14th International Telecommunications Society (ITS) Asia-Pacific Regional Conference, Kyoto, June 24-27.
12. Bresciani ,S. (2018) The management of organizational ambidexterity through alliances in a new context of analysis: Internet of Things (IoT) smart city projects Technological Forecasting and Social Change .
13. Burton-Jones ,A. , Akhlaghpour ,S. , Ayre , S., Barde ; P., Staib , A. , & Sullivan ,C. (2020) Changing the conversation on evaluating digital transformation in healthcare: Insights from an institutional analysis. Information and Organization, 30(1), 100255.
14. Chan , YE., Krishnamurthy ,R., & Sadreddin , A. (2022) Digitally-enabled university incubation processes. Technovation 118:102560.
15. Chen, C., Zhu, L., Zhong, H., Liu, C., Wu, M., & Zeng, H. (2019) Practical innovation of Chinese enterprises from “digital survival” view. J. Manag. Sci. China 22 (10), 1–8.
16. Chen ,H.Y. , Das, A. , & Ivanov , D. (2019) Building resilience and managing post-disruption supply chain recovery: lessons from the information and communication technology industry Int. J. Inf.Manag., 49 , pp. 330-342.
17. Chen ,Y.(2020) Improving market performance in the digital economy China Economic Review.
18. Chen, Q., & Tian, H. (2021) Impact mechanism of import competition on the development quality of Chinese manufacturing: Based on the mediating effect of innovation. Inq. into Econ. Issues (09), 130–142.
19. Cherkasova, V. A., & Slepushenko, G. A. (2021) The impact of digitalization on the financial performance of Russian companies. Finance : Theory and practice, 25(2), 128- 142.
20. Chesbrough, H. (2020) To recover faster from Covid-19, open up: Managerial implications from an open innovation perspective. Industrial Marketing Management, 88, 410–413.
21. Clerck, J. (2017). Digitalization, Digital Transformation: The Differences. i-SCOOP .
22. Crittenden, W., Biel, I., Lovely III, W (2019) Embracing digitalization: student learning and new technologies. J. Mark. Educ. 41(1), 5–14 .
23. Denicolai, S., Zucchella, A., & Magnani, G. (2021) Internationalization, digitalization, and sustainability: Are SMEs ready A survey on synergies and substituting effects among growth paths. Technological Forecasting and Social Change, 166, 120650.
24. Devereux, M., &Vella, J. (2018) Debate: implications of digitalization for international corporate tax reform. Intertax 46(6), 550–559 .
25. Donthu N., Kumar S., & Pattnaik , D. (2020) Forty-five years of journal of business research: A bibliometric analysis. Journal of Business Research, 109, 1–14.
26. Efimov, V., & Laptevа, A. (2018) The future of universities: is digitalization the priority J. Sib. Fed. Univ. Humanit. Soc. Sci. 11(12), 1925–1946 22.
27. Elhamma , A. (2023) Digitalisation et Incertitude environnementale : cas du contrôle de gestion des entreprises marocaines, Revue Economie, Gestion et Société, Vol. 1, n°39.
28. Elhamma , A. & El-moumane , R. (2023) Impact of Firm Size on Digitalization of Management Control: Evidence from Morocco, International Journal of Management, Accounting and Economics, Volume 10, Issue 6, pp.412-424.
29. Eller, R., Alford, P., Kallmünzer, A., & Peters, M. (2020) Antecedents, consequences, and challenges of small and medium-sized enterprise digitalization. Journal of Business Research, 112, 119-127.
30. Fernández-Portillo, A., Almodóvar-González, M., Sánchez-Escobedo, M. C., & CocaPérez, J. L. (2022) The role of innovation in the relationship between digitalisation and economic and financial performance. Company-level research. European Research on Management and Business Economics, 28(3), 100190.
31. Ghobakhloo ,M. (2018) The future of manufacturing industry: A strategic roadmap toward Industry 4.0-Journal of Manufacturing Technology Management .
32. Gobble, M. (2018) Digitalization, digitization, and innovation. Res. Technol. Manag. 61(4), 56–59 .
33. Gupta, S., Chen, H. Z., Hazen, B. T., Kaur, S., & Gonzalez, E. D. R. S. (2019) Circular economy and big data analytics: A stakeholder perspective. Technological Forecasting and Social Change, 144, 466–474.
34. Hai ,T. N., Van ,Q. N., Thi Tuyet, M. N. (2021) Digital transformation: Opportunities and challenges for leaders in the emerging countries in response to Covid-19 pandemic. Emerging Science Journal, 5, 21–36.
35. Henriette, E., Feki, M., & Boughzala, I. (2015) The shape of digital transformation: a systematic literature review. In: Proceedings of the Mediterranean Conference on Information Systems, MCIS 2015, pp. 431–443. AISeL Press .
36. Hinings, B., Gegenhuber, T., & Greenwood, R. (2018) Digital innovation and transformation : An institutional perspective. Information and Organization, 28(1), 52- 61.
37. Jacobides ,M., Cennamo ,C., & Gawer ,A. (2018) Towards a theory of ecosystems. Strat Manag J 39:2255–2276.
38. Javaid, M., & Khan, I.H., (2022) "Exploring contributions of drones towards Industry 4.0", Industrial Robot, Vol. 49 No. 3, pp. 476-490.
39. Ji, C., Y. Li, W.,Qiu, U., & Li ,K. (2012) Big Data Processing in Cloud Computing Environments. In 2012 12th International Symposium on Pervasive Systems, Algorithms and Networks (ISPAN), 17–23. IEEE.
40. Kim J., Giroux M,Choi Y. K., Gonzalez-Jimenez H., Lee J. C., Park J., & Jang S., . (2021) The moderating role of childhood socioeconomic status on the impact of nudging on the perceived threat of coronavirus and stockpiling intention. Journal of Retailing and Consumer Services, 59, 102362.
41. Kohtamäki, M., Parida, V., Oghazi, P., Gebauer, H., & Baines, T. (2019) Digital servitization business models in ecosystems: A theory of the firm. Journal of Business Research, 104, 380-392.
42. Kopalle, P., Kumar ,V., & Subramaniam , M. (2020) How legacy frms can embrace the digital ecosystem via digital customer orientation. J Acad Market Sci 48:114–131.
43. Kraus, S., Roig-Tierno, N., & Bouncken, R. B. (2019) Digital innovation and venturing: An introduction into the digitalization of entrepreneurship. Review of Managerial Science, 13(3), 519-528.
44. Lenka, S., Parida, V. & Wincent, J. (2017) Digitalization capabilities as enablers of value co-creation in servitizing firms. Psychol. Market. 34(1), 92–100 .
45. Li ,H., & Wang ,Y. (2021) Organisational mindfulness towards digital transformation as a prerequisite of information processing capability to achieve market agility. J Bus Res 122:700–712.
46. López-Rubio P., Roig-Tierno N., & Mas-Verdú F. (2021) Assessing the origins, evolution and prospects of national innovation systems. Journal of the Knowledge Economy.
47. Morakanyane, R., Grace, A. A., & O'reilly, P. (2017) Conceptualizing digital transformation in business organizations: A systematic review of literature.
48. Morley, J., Widdicks, K., & Hazas, M. (2018) Digitalisation, energy and data demand: the impact of internet traffic on overall and peak electricity consumption. Energy Res. Soc. Sci. 38(1), 128–137 .
49. Nadkarni, S., & Prügl, R. (2021) Digital transformation: a review, synthesis and opportunities for future research. Management Review Quarterly, 71, 233-341.
50. Nasiri ,M., Saunila ,M., Ukko J .(2022) Digital orientation, digital maturity, and digital intensity: determinants of fnancial success in digital transformation settings. Int J Oper Prod Manage 42(13):274–298.
51. Nasser, T., & Tariq ,R. S.(2015) “Big Data Challenges.” Journal of Computer Engineering & Information Technology 4 (3): 1–10.
52. Parida, V., Sjödin, D., & Reim, W. (2019) Reviewing literature on digitalization, business model innovation, and sustainable industry: past achievements and future promises. Sustainability 11(2), 391-1–391-18 .
53. Park ,J., Lee, J .(2020) Nudging to reduce the perceived threat of coronavirus and stockpiling intention. Journal of Advertising, 49(5), 633–647.
54. Parviainen P., Tihinen M., Kääriäinen J., & Teppola S. (2017) Tackling the digitalization challenge: How to benefit from digitalization in practice. International Journal of Information Systems and Project Management, 5(1), 63–77.
55. Quach ,S., Thaichon ,P., Martin ,KD., Eaven ,S., & Palmatier ,RW. (2022) Digital technologies: tensions in privacy and data. J Acad Market Sci 50(6):1299–1323.
56. Reis, J., Amorim, M., Melão, N., & Matos, P. (2018) Digital transformation: a literature review and guidelines for future research. Trends and Advances in Information Systems and Technologies : Volume 1 6, 411-421.
57. Rondero, C.L., Martinez-Flores, J.L., Smith, N.R., Morales, S.O.C., & Aldrette Malacara, A. (2019) Digital supply chain model in Industry 4.0. J. Manuf. Technol. Manag.
58. Somohano-Rodríguez ,FM., Madrid-Guijarro, A., & Lopez-Fernandez ,JM. (2022) Does industry 4.0 really matter for SME innovation J Small Bus Manage 60(4):1001–1028.
59. Teubner ,RA., & Stockhinger ,J. (2020) Literature review: understanding information systems strategy in the digital era. J Strat Inform Syst 29:101642.
60. Tozanlı, Ö.; Kongar, E. & Gupta, S.M. (2020) Trade-in-to-upgrade as a marketing strategy in disassembly-to-order systems at the edge of blockchain technology. Int. J. Prod. Res. 1–18.
61. Troise ,C., Tani ,M., Matricano ,D., & Ferrara ,E. (2022) Guest editorial: Digital transformation, strategies management and entrepreneurial process: dynamics, challenges and opportunities. J Strat Manage 15(3):329–334.
62. Truant, E., Broccardo, L., & Dana, L. P. (2021) Digitalisation boosts company performance: an overview of Italian listed companies. Technological Forecasting and Social Change, 173, 121173.
63. Valenduc, G., & Vendramin, P. (2017) Digitalisation, between disruption and evolution. Transf.: Eur. Rev. Labour Res. 23(2), 121–134 .
64. Weill, P. ,& Woerner ,S.L. (2018) What’s Your Digital Business Model?: Six Questions to Help You Build the Next-Generation Enterprise (Boston, Harvard Business Review Press).
65. Wen , HW., Zhong ,Om., & Lee, CC. (2022) Digitalization, competition strategy and corporate innovation: evidence from Chines manufacturing listed companies. Int Rev Financial Anal 82:102166.
66. Wiech, M., Boffelli, A., Elbe, C., Carminati, P., Friedli, T., & Kalchschmidt, M. (2022). Implementation of big data analytics and Manufacturing Execution Systems: an empirical analysis in German-speaking countries. Production Planning & Control, 33(2-3), 261-276.
67. Witschel ,D., Baumann ,D., & Voigt ,KI. (2022) How manufacturing firms navigate through stormy waters of digitalization: the role of dynamic capabilities, organizational factors and environmental turbulence for business model innovation. J Manage Organization 28(3):681–714.
68. Zhou, D., Kautonen, M., Dai, W., & Zhang, H. (2021) Exploring how digitalization influences incumbents in financial services: The role of entrepreneurial orientation, firm assets, and organizational legitimacy. Technological Forecasting and Social Change, 173, 121120.
69. https://hbr.org/2021 / HARVARD BUSINESS REVIEW
70. https://journals.sagepub.com/doi/full/10.1177/21582440211047576
71. https://www.mckinsey.com/featured-insights/mckinsey-explainers/what-is-digital-transformation
72. www.sciencedirect.com
Published
2024-03-26
How to Cite
Benga, B., & Elhamma, A. (2024). Navigating the Digital Frontier: A Literature Review on Business Digitalization. European Scientific Journal, ESJ, 27, 507. Retrieved from https://eujournal.org/index.php/esj/article/view/17937
Section
ESI Preprints
Copyright (c) 2024 Btissam Benga, Azzouz Elhamma
This work is licensed under a Creative Commons Attribution 4.0 International License.
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