Matoušková, Dana (2022) Digitalization and Its Impact on Business. THEORY METHODOLOGY PRACTICE: CLUB OF ECONOMICS IN MISKOLC, 18 (2). pp. 51-67. ISSN 1589-3413 (print); 2415-9883 (online)
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Abstract
We are now in a new era of business management, where companies have understood that the sustainability and survival of their activities is based on mastering and adapting new technologies to their strategies. The result of the integration of technological power in the management of companies gives rise to digitalization that disrupts business strategies, contributing significantly to the creation of new business models. This profoundly affected the strategic context; changing the structure of competition, business conduct, and ultimately, performance across industries. This paper is a descriptive literature review of recent works discussing the impact digitalization has had on business. In this work, firstly, a theoretical overview of digitalization and its development is presented. Afterwards, the digitalization of business as well as its impact is discussed. The result of this review is a summary of the advantages and disadvantages that digitalization brings to businesses.
| Item Type: | Article |
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| Uncontrolled Keywords: | Business; Covid pandemic; digitalization; small and medium-sized enterprises |
| Subjects: | H Social Sciences / társadalomtudományok > HF Commerce / kereskedelem > HF5001-6182 Business management / üzleti menedzsment |
| Depositing User: | Andrea Tankó |
| Date Deposited: | 09 Jun 2023 08:56 |
| Last Modified: | 09 Jun 2023 08:56 |
| URI: | http://real.mtak.hu/id/eprint/166970 |
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