Those companies are more prepared for disruption. Int J Manag Rev 5:137168, Ranganathan C, Watson-Manheim MB, Keeler J (2004) Bringing professionals on board: lessons on executing IT-enabled organizational transformation. Based on our review, we expect a deep change in the nature of middle managements role and influence in a digitally transformed company ranging from administration to leadership aspects. We hope to stimulate discussion between these different but strongly related disciplines and enable mutual learning and a fruitful exchange of ideas. Open Access funding provided by Projekt DEAL. Hey Enterprise, 2008 called, It Wants Its Content Workflow Back With the advancements in modern web development, websites that consist only of CMS-editable static text and images are a reminder of a distant past. (1) Article title, (2) outlet, (3) research methodology, (4) sample, (5) region, and (6) key findings (see full database in Table5 of Appendix). Corporate entrepreneurship (CE) on the other side is a multi-dimensional concept at the intersection of entrepreneurship and strategic management in existing organizations (Zahra 1996; Hitt et al. To exploit the technology-centric perspective we include the literature on technological disruption (e.g. Digital transformation: a review, synthesis and opportunities for future research, https://doi.org/10.1007/s11301-020-00185-7, Digital transformation as an interaction-driven perspective between business, society, and technology, Research streams on digital transformation from a holistic business perspective: a systematic literature review and citation network analysis, Digital Transformation and Strategic Management: a Systematic Review of the Literature, Prolegomena to social studies of digital innovation, Setting the development of digitalization: state-of-the-art and potential for future research in cooperatives. We must continue to critically examine innovations to ensure that they improve and simplify our lives. With the accelerated adoption rates were seeing in the digital world, more and more businesses are ready to take the extra step needed to transform. As a result, digitization becomes a priority for companies, with 70% of the 3,000 respondents to a global survey conducted by IFS (download required) confirming they will maintain or increase spending on digital transformation. The current global health crisis has put an extraordinary strain on both businesses and consumers. According to a study by the Bitkom Association, if Germany continues accelerating the use of digital solutions, it can achieve half of its emissions goal by 2030. Several options and interesting questions arise in this matter that future research may investigate on: Which forms of organizational architecture are most suitable for digital transformation? In a new McKinsey Global Survey on digital transformations, more than eight in ten respondents say their organizations have undertaken such efforts in the past five years. For the purpose of data collection, we exclusively limit our focus on peer-reviewed academic journals as recommended by McWilliams et al. In addition, digital transformation demands a new kind of enterprise platform integration (El Sawy et al. 141 Citations 8 Altmetric Metrics Abstract In the last years, scholarly attention was on a steady rise leading to a significant increase in the number of papers addressing different technological and organizational aspects of digital transformation. 2013). If you are interested in sharing your product or vendor services, please fill the vendor application. Digital McKinsey. In sum, reviewing the literature on corporate entrepreneurship raises our awareness for the impact of hierarchy and management levels on organizational transformation (Hornsby et al. The sooner businesses understand and adapt to the new realities and embrace digital transformation, the bigger their chances of survival and growth. You also have the option to opt-out of these cookies. Int J Inf Manag 35(6):672678, Doherty NF, King M (2005) From technical to socio-technical change: tackling the human and organizational aspects of systems development projects. In total, 23 papers in our review explore this aspect. (2013) argue, network effects are the key differentiator and driver of value creation and capture in a digital world. What are the biggest challenges in Digital Transformation? Digital Transformation: An Overview of the Current State of the Art of Finally, the vast extent and complexity of digital transformation leads to the emergence of an additional position at the top management levelthe Chief Digital Officer (Dremel et al. Expanding the digital transformation high-level thematic map with insights from technological disruption and corporate entrepreneurship. Digital transformation: Opportunities and challenges for leaders in the emerging countries in response to . 2013) and customer engagement strategies (Sebastian et al. Established industry partners can offer valuable insight around a system and provide reference designs addressing various security levels depending on the application and use case, including optimized hardware and software solutions. Eur J Inf Syst 12:297308, Bartunek JM, Rynes SL, Ireland RD (2006) What makes management research interesting, and why does it matter. Yet, as this topic is only addressed by four papers in our sample it is still to be studied in more depth. The challenges recognized by this report may seem overwhelming and impossible to overcome at first. HR, senior leadership, IT division, functional teams, employees etc. MIS Q Exec 15(2):141166, Engel JS (2011) Accelerating corporate innovation: lessons from the venture capital model. But opting out of some of these cookies may have an effect on your browsing experience. Strategy Leadersh 44:2128, Besson P, Rowe F (2012) Strategizing information systems-enabled organizational transformation: a transdisciplinary review and new directions. This is a BETA experience. 2018) as introduced by Teece et al. We also thank all the reviewers for their constructive suggestions and comments. However, many banks lack technological competence. MIS Q 38(2):329A15, Fisch C, Block J (2018) Six tips for your (systematic) literature review in business and management research. The reasons for this are manifold. Over the last two decades of my design career Ive experienced a lot of ups and downs across the digital landscape. Similarly, Utterback (1994) emphasizes this disruptiveness at the firm and industry level and provides a similar game changer definition in terms of change that sweeps away much of a firms existing investment in technical skills and knowledge, designs, production technique, plant and equipment (p. 200). Our review of the literature on digital transformation, technological disruption and corporate entrepreneurship is conducted in a two-step approach. Eur J Inf Syst 14:15, Dopson S, Stewart R (1993) Information technology, organizational restructuring and the future of middle management. Theres nothing more flattering than successfully leading change you want to see in the world. 1 Altmetric Metrics This special issue of GPPG is concerned with the impact of digital transformation and of artificial intelligence (AI) upon the design, management and delivery of public services. The nine second order themes represent core themes across the papers, which finally constitute two aggregate dimensions: technology and actor. For example, Resca et al. Strateg Manag J 18(7):509533, Templier M, Par G (2015) A framework for guiding and evaluating literature reviews. (2016), we define digital transformation as organizational change triggered by digital technologies. Given the ubiquity of information and the speed of online data dissemination (via mobile phones, viral effects of social media etc. Digital transformation is occurring in every industry and is touching every company in a unique way. One year into the Covid-19 pandemic, we are seeing tremendous benefit from widespread digitization. Opinions expressed are those of the author. These cookies will be stored in your browser only with your consent. corporate accelerators). If digital transformation didnt seem vital before, it surely is now. While this requires a significant increase in sensors, connectivity solutions and processing power, it produces a highly personalized product at a reasonable cost. Int J Technol Manag 61(3/4):324348, Hornsby JS, Kuratko DF, Zahra SA (2002) Middle managers perception of the internal environment for corporate entrepreneurship: assessing a measurement scale. It requires time, money, and most of all the right people. J Bus Ventur 24(3):236247, Hu H, Huang T, Zeng Q, Zhang S (2016) The role of institutional entrepreneurship in building digital ecosystem: a case study of Red Collar Group (RCG). ), triggered by the transformative capabilities of digital technologies, the most notable insight is that intriguingly, in many cases the digital substitutes, for example e-books, offer superior performance and higher customer benefits than their physical counterparts (Loebbecke and Picot 2015). Information Systems and e-Business Management Given the high intensity of interactive digital connectivity between the outside and inside of a company, traditional enterprise platforms (like ERP) and the old supply chain management integration paradigm are in many cases not the most suitable solution anymore. Adm Sci Q 31:439465, Urbano D, Turr A (2013) Conditioning factors for corporate entrepreneurship: an in (ex)ternal approach. We assume that pre-existing knowledge on corporate transformation processes in general is partly already available and may provide implications for digital transformation. MIS Q 41(1):239253, Teece DJ (2007) Explicating dynamic capabilities: the nature and microfoundations of (sustainable) enterprise performance. Then, in a second step we supplement these findings be simultaneously reviewing the literature stream on technological disruption and corporate entrepreneurship. With the abrupt decrease in pedestrian traffic, old marketing and promotional techniques are losing ground. London and New York, pp 4148, Leonard-Barton D (1992) Core capabilities and core rigidities: a paradox in managing new product development. - 101.99.64.15. 2013) and the time it takes to turn an idea into a business (Vey et al. Fenwick N (2015) Digital predator or digital prey? J Bus Vent 17(3):253273, Hornsby JS, Kuratko DF, Shepherd DA, Bott JP (2009) Managers corporate entrepreneurial actions: examining perception and position. Dominant industry logics (Sabatier et al. What are the benefits of employee exchange programs with technology companies or start-ups to scale-up digital skills? This is a significant issue for effective public services as we move deep into the twenty-first century. First and foremost, research calls for a shift in the traditional view of IT strategy as being subordinate to business strategy (El Sawy et al. strategic renewal. Particularly the aspect of strategic renewal in corporate entrepreneurship, also labelled as strategic change, revival, transformation (Schendel 1990), reorganization, redefinition (Zahra 1993), or organizational renewal (Stopford and Baden-Fuller 1994), provides a promising interface to digital transformation. Three opportunities for credit unions in today's evolving digital Embrace it! Inf Manag 52(2):183199, Peltola S (2012) Can an old firm learn new tricks? Fortunately, the banking industry's digital transformation is also fueling the demand for customized security and compliance solutions that can scale. Provided by the Springer Nature SharedIt content-sharing initiative, Over 10 million scientific documents at your fingertips, Not logged in With regards to the process of dematerialization of tangible products and objects (e.g. CEOs temporal dispositions, temporal leadership, and corporate entrepreneurship. Also, the implementation of a digital workplace becomes inevitable. 2 we provide a thematic map for this dimension and in Table1 a brief summary including illustrative quotes. Digital technologies are considered a major asset for leveraging organizational transformation, given their disruptive nature and cross-organizational and systemic effects (Besson and Rowe 2012). Thus, the question arises as to how incumbents should incorporate their digital transformation activities. Technol Forecast Soc Change 116:116128, Vey K, Fandel-Meyer T, Zipp JS, Schneider C (2017) Learning and development in times of digital transformation: facilitating a culture of change and innovation. Corporate venture capital and investing firm innovation rates.
Apartments For Rent In Chester, Sc,
Edmunds Used Cars For Sale By Owner,
Onan Marquis 7000 Troubleshooting,
Articles D