scholarly journals What Should Be Focused on When Digital Transformation Hits Industries? Literature Review of Business Management Adaptability

2021 ◽  
Vol 13 (23) ◽  
pp. 13447
Author(s):  
Yi Zhang ◽  
Patrick Sik-Wah Fong ◽  
Daniel Yamoah Agyemang
Keyword(s):  
Literature Review ◽  
Theoretical Study ◽  
Business Management ◽  
Digital Economy ◽  
Digital Transformation ◽  
Competitive Advantages ◽  
Evaluation Systems ◽  
Multi Level ◽  
Practical Guidance ◽  
Global World

How traditional industries adapt to the digital economy to achieve sustainable development has attracted scholars and practitioners. Exploring the concept of BMA (business management adaptability) can not only theoretically explain adaptive micro-operation mechanisms but can provide practical guidance for enterprises to form adaptability. To date, although a lot of effort is being spent on detecting the adaptive construction elements, refining the BMA to specific management levels, a comprehensive review combines adaptability construction elements and specific levels have not yet been formed. In this trial, this paper innovatively utilizes a hybrid method that consists of a bibiometric and structural literature review to conduct a comprehensive theoretical study of relevant literatures from 1970 to 2020. By displaying current research conclusions and their defects, this study combines adaptability construction elements and innovatively forms a multi-level BMA framework. In this framework, this paper reveals the importance of setting up performance evaluation systems that focus on corporate profitability, probing and counterpoising relations between internal and external environments. Finally, this paper provides recommendations for practitioners about how to build their own competitive advantages when the digital economy hits the global world.

A Theoretical Insight Into the Multi-Level Governance

2019 ◽  
pp. 1-22
Author(s):  
Dilek Dede
Keyword(s):  
European Union ◽  
Literature Review ◽  
Theoretical Study ◽  
Research Question ◽  
The European Union ◽  
Foreign Politics ◽  
Multi Level ◽  
European Union Studies ◽  
Theoretical Insight ◽  
Insight Into

Multi-level governance has been described as an updated form of governance that began in the early 1990s. The traditional distinction between domestic and foreign politics was eliminated in the same period. This study aims at clarifying the concept of multi-level governance in both the Europeanization literature and the European Union studies. The research question is, What are the definitions, dynamics, characteristics of multi-level governance in both the Europeanization literature and the European Union studies? In methodology, it is a theoretical study that remains on literature review.

Quality 4.0: literature review analysis, definition and impacts of the digital transformation process on quality

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Ana Margarida Dias ◽  
André M. Carvalho ◽  
Paulo Sampaio
Keyword(s):  
Literature Review ◽  
Business Management ◽  
Transformation Process ◽  
Digital Transformation ◽  
Content Type ◽  
New Era ◽  
Main Research ◽  
Review Analysis ◽  
Soft Factors ◽  
Do So

PurposeThe changes brought forth by the Digital Transformation have an impact on the way we think, assess and manage Quality. While the concept of Quality 4.0 has resulted from these changes, there is still limited understanding and unclear definitions in this new era of Quality Management.Design/methodology/approachThere is a clear opportunity to review and analyze the state-of-the-art of Quality 4.0, its main research efforts, topics and directions. To do so, a bibliometric analysis and descriptive/mapping literature review were performed.FindingsThere is a clear focus on the implications of technology for Quality, but other relevant topics include business management and strategy models and systems, as well as human or soft factors. Results reveal an increasing interest in Quality 4.0 as well as a link between topics.Originality/valueTogether with the review, analysis and digest of the literature, we offer our own contribution to a commonly accepted definition Quality 4.0.

scholarly journals PROJECT-BASED LEARNING DURING ONLINE EDUCATION: CASE OF THE MASTER PROGRAM ON BUSINESS MANAGEMENT IN THE DIGITAL ECONOMY

2021 ◽  
Vol 1 ◽  
pp. 707-717
Author(s):  
Maria Tsenzharik
Keyword(s):  
Online Education ◽  
Business Management ◽  
Online Communication ◽  
Transformation Process ◽  
Digital Economy ◽  
Digital Transformation ◽  
Project Based Learning ◽  
Master Program ◽  
Saint Petersburg

In the article, we will share the experience of implementing PBL at the Master program on Business Management in the Digital Economy held in Saint Petersburg University. Specific conditions for the PBL organization are highlighted. First, digital transformation process is quite difficult to realize in companies, as no clear methodology for its implementation exist yet. Second, pandemic left the only opportunity for online communication, and all usual administration and education processes had to be changed. The experience is structured and presented with recommendations for similar projects. 

The main trends of digital transformation in the economy of the EAEU countries

2021 ◽  
pp. 207-213
Author(s):  
Н.Ю. Сопилко ◽  
О.Ю. Мясникова
Keyword(s):  
Digital Economy ◽  
Digital Transformation ◽  
Competitive Advantages ◽  
Common Markets

В статье определена роль развития цифровизации для государств Евразийского экономического союза (ЕАЭС), подчеркнута ее перспективность в контексте интеграционных процессов. Дана характеристика имеющихся предпосылок для развития цифровой экономики на пространстве ЕАЭС. Выделены основные тренды проведения цифровизации, определены стратегически важные сферы для ее внедрения в регионе ЕАЭС, а также рассмотрены имеющиеся барьеры, препятствующие этому процессу. Отмечено, что принятие цифровой повестки откроет новые возможности для развития общих рынков государств ЕАЭС и позволит получать дополнительные конкурентные преимущества. The role of digitalization development in economy of the EAEU countries is noted in the paper. Its urgency and prospects are emphasized in the context of integration processes of the region. The characteristics of existing prerequisites for digital economy development in the EAEU space are performed. The main trends of digitalization are identified, strategically important areas for its implementation in the EAEU region are described, and the existing barriers are considered. It is concluded that the adoption of digital agenda will open up new opportunities for common markets development of the EAEU members and it will allow obtaining additional competitive advantages.

scholarly journals Preparedness of companies for digital transformation and creating a competitive advantage in the age of Industry 4.0

2018 ◽  
Vol 12 (1) ◽  
pp. 10-24 ◽  
Author(s):  
Anna Adamik ◽  
Michał Nowicki
Keyword(s):  
Literature Review ◽  
Competitive Advantage ◽  
Industry 4.0 ◽  
Digital Transformation ◽  
Competitive Advantages ◽  
Digital Revolution ◽  
The Creation

Abstract One of the biggest challenges that organizations are facing today is finding the proper way to shape competitive advantages in the age of Industry 4.0. This digital revolution forces companies to face specific challenges. The main purpose of this paper is to identify key requirements for the creation of a competitive advantage in the age of Industry 4.0 [CA. 4.0] The second purpose is to evaluate the level of organizations' preparedness for Digital Transformation [DX]. Studies based on a literature review describe requirements for organizations functioning in the age of Industry 4.0, especially in the area of DX and exploitation of Virtualization [V&DX].

scholarly journals Actual issues of digitalization in the industrial sector of the economy of Uzbekistan

2021 ◽  
Vol 2 (4/S) ◽  
pp. 201-212
Author(s):  
Konstantin Kurpayanidi
Keyword(s):  
Technological Progress ◽  
Technological Development ◽  
World Market ◽  
Industrial Sector ◽  
Digital Economy ◽  
Digital Transformation ◽  
High Tech ◽  
Competitive Advantages ◽  
Systematic Analysis ◽  
Productivity And Competitiveness

The article is devoted to disclosing the essence of digital transformation of industry, which, according to the author, is the key to building a knowledge of economy and obtaining measurable economic results through the introduction of end-to-end technologies. The digitalization process of industry plays an important role in the technological development of regional spatial and sectoral structures, therefore, the production of high-tech products by industry based on innovative digital technologies is of key importance for the development of the country's economy. The author conducted a systematic analysis of the problems of digitalization of the industrial sector of the national economy of Uzbekistan. The article proves the effectiveness of digitalization on the example of successfully functioning companies. It is substantiated that the digital transformation of production should be aimed at increasing the efficiency, productivity and competitiveness of the domestic industry in the world market. The study concludes that it is necessary to actively implement digital economy tools in the industrial sector. The resultsof research can be used to develop digitalization processes in the industrial sector of the economy of Uzbekistan and to increase their focus on the growth of competitive advantages and technological progress of regional spatial and sectoral structures in the conditions of digital economy. The study concludes that it is necessary to actively implement digital economy tools in the industrial sector. The results of research can be used to develop digitalization processes in the industrial sector of the economy of Uzbekistan and to increase their focus on the growth of competitive advantages and technological progress of regional spatial and sectoral structures in the conditions of digital economy.

scholarly journals BUSINESS MANAGEMENT IN THE DIGITAL ECONOMY

2021 ◽  
Vol 9 (1) ◽  
pp. 226-230
Author(s):  
Andrey Minakov ◽  
Aleksandr Suglobov
Keyword(s):  
Russian Federation ◽  
New Technologies ◽  
Effective Interaction ◽  
Business Management ◽  
Digital Technologies ◽  
Internal Resistance ◽  
Digital Economy ◽  
Digital Transformation ◽  
Practical Significance ◽  
The Russian Federation

Currently, digital technologies have a significant impact on business. In this connection, special attention should be paid to the management of processes associated with the introduction of the latest technological solutions in various areas of the enterprises ' activities. New technologies are emerging, such as cloud computing, communication platforms, data analytics, big data, automation, robotics, artificial intelligence, machine learning, virtual reality, and even 3D printing, which are opening up new opportunities for businesses. Digitalization of the business allows you to increase the productivity of activities, quickly adapt to changes in the external environment, build effective interaction with consumers and suppliers, etc. In recent years, the development of the digital economy in Russia has been observed, but its level in comparison with the leading countries is insufficient. The digitalization of business is hampered by a number of problems: insufficient knowledge and internal resistance of staff, management's fears of getting a low return on investment, lack of finance, lack of necessary infrastructure, and cyber-crime. The purpose of the study is to develop recommendations for improving business management in the digital economy. Research objectives: to study the concept of digital economy, the essence of digital technologies and digital transformation, characteristics of digital transformation, features of digitalization, current trends in digital solutions for individual industries, to analyze the digitalization of business in the Russian Federation for 2019-2020, to identify development problems, to develop recommendations for improving the level of digitalization of business in the Russian Federation. Practical significance. The materials of the article are of practical value for the implementation of the digital transformation of business in the Russian Federation.

Implementaon of digital economy elements in electric power industry

2018 ◽  
Vol 11 (2) ◽  
pp. 94-102 ◽  
Author(s):  
A. G. Filimonov ◽  
N. D. Chichirova ◽  
A. A. Chichirov ◽  
A. A. Filimonovа
Keyword(s):  
Electric Power ◽  
Energy Production ◽  
Predictive Analytics ◽  
Digital Economy ◽  
Digital Transformation ◽  
Cloud Services ◽  
Small Scale ◽  
Economic Activities ◽  
Industrial Enterprises ◽  
Automation Systems

Energy generation, along with other sectors of Russia’s economy, is on the cusp of the era of digital transformation. Modern IT solutions ensure the transition of industrial enterprises from automation and computerization, which used to be the targets of the second half of the last century, to digital enterprise concept 4.0. The international record of technological and structural solutions in digitization may be used in Russia’s energy sector to the full extent. Specifics of implementation of such systems in different countries are only determined by the level of economic development of each particular state and the attitude of public authorities as related to the necessity of creating conditions for implementation of the same. It is shown that a strong legislative framework is created in Russia for transition to the digital economy, with research and applied developments available that are up to the international level. The following digital economy elements may be used today at enterprises for production of electrical and thermal energy: — dealing with large amounts of data (including operations exercised via cloud services and distributed data bases); — development of small scale distributed generation and its dispatching; — implementation of smart elements in both electric power and heat supply networks; — development of production process automation systems, remote monitoring and predictive analytics; 3D-modeling of parts and elements; real time mathematic simulation with feedback in the form of control actions; — creating centres for analytical processing of statistic data and accounting in financial and economic activities with business analytics functions, with expansion of communication networks and computing capacities. Examples are presented for implementation of smart systems in energy production and distribution. It is stated in the paper that state-of art information technologies are currently being implemented in Russia, new unique digital transformation projects are being launched in major energy companies. Yet, what is required is large-scale and thorough digitization and controllable energy production system as a multi-factor business process will provide the optimum combination of efficient economic activities, reliability and safety of power supply.

Digital Transformation as a Way to Improve Public Administration

2020 ◽  
Vol 8 ◽  
pp. 48-53
Author(s):  
I. I. Zedgenizova ◽  
◽  
I. V. Ignatieva ◽  
Keyword(s):  
Public Administration ◽  
Relevant Information ◽  
Digital Economy ◽  
Digital Transformation ◽  
Digital Government ◽  
Dynamic Development ◽  
Modern Technologies

The relevance of the article is due to the dynamic development of modern technologies and the transition of state bodies to a digital way of exchanging legally relevant information. The purpose of the article is a brief overview of the problems associated with the regulation of the digital economy in the direction of «Digital government», as well as approaches to their solution.

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