CHALLENGES IN CREATING TRANSFORMATIVE GROWTH FOR COMPANIES IN DIGITAL ECONOMY

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dc.citation.epage48
dc.citation.spage37
dc.citation.volume6
dc.contributor.authorMašić,, Branislav
dc.contributor.authorVladušić, Ljubiša
dc.date.accessioned2023-07-18T10:49:38Z
dc.date.available2023-07-18T10:49:38Z
dc.date.issued2018
dc.description.abstractDigital economy creates waves and waves of disruptions. To survive and thrive in digital economy, where technology is disrupting industries from education to even manufacturing, companies are looking for new approaches to stay relevant. As the world becomes more digitalized, customercentric approach to product development, short product cycles and rapid decision-making is needed. At the same time, while optimizing the existing core business, companies must grow more entrepreneurial culture and transformational growth engines inside the companies. Following this path, the major challenge for companies is how to implement strategic growth innovation along with executing traditional business model and operational excellence. This paper aims to explore and present the importance of digital transformation and innovations. Companies should strive to build collaborative relationships as a means to creating transformational growth. It is suggested that information and communications technologies are significant in the process of strategic planning. The Paper also emphasizes the importance of organizational structure and culture required for implementing strategies that are aligned with digital transformation.
dc.identifier.doi10.2478/eoik-2018-0024
dc.identifier.urihttps://vaseljena.ues.rs.ba/handle/123456789/479
dc.language.isoen
dc.publisherSciendo
dc.sourceEconomics
dc.subjectdigital economy, digital transformation, innovations, collaborative innovations, new business models
dc.titleCHALLENGES IN CREATING TRANSFORMATIVE GROWTH FOR COMPANIES IN DIGITAL ECONOMY
dc.typeArticle
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