Frontiers in Psychology· 2021Q1
The Digital Transformation of Business Model Innovation: A Structured Literature Review
- 293citations
- Q1SCImago
- 2021year
Short summary
Digital transformation has significantly impacted value creation, delivery, and capture across industries, leading to new business models like frugal innovation and circular economy models.
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Key points
- Digital transformation research has seen increasing interest since 2014.
- The field of digital transformation is fragmented across various technological areas.
- Digital technologies have fundamentally altered value creation, delivery, and capture.
- New business models, including frugal innovation and circular economy, have emerged due to digital transformation.
AI-generated from the title and abstract; the full text is not read.
Abstract
This paper has a two-fold aim: to analyze the development of the digital transformation field, and to understand the impact of digital technologies on business model innovation (BMI) through a structured review of the literature. The results of this research reveal that the field of digital transformation is still developing, with growing interest from researchers since 2014. Results show a need for research in developing countries and for more collaboration between researchers and practitioners. The review highlights that the field is fragmented among disruptive technologies, shared platforms and ecosystems, and new enabling technologies. We conclude that digital transformation has impacted value creation, delivery, and capture in almost every industry. These impacts have led to the employment of a variety of new business models, such as those for frugal innovation and the circular economy.
The authors' abstract, as published at the source. Frontiers in Psychology, 2021 · DOI ↗
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Field: Business and International Management
Business and International ManagementBusiness, Management and Accounting