Managing Digital Transformation: Evidence from Hidden Champions and Measurement Approaches

The digital transformation of the business environment and its impact on firm performance is a central topic in economics and management. Daniel Wittenstein investigates this question by generating novel insights from hidden champions and developing a machine learning-based approach for measuring firm-level digitalization.

Format: Paperback / softback
Length: 200 pages
Publication date: 26 February 2022
Publisher: Springer-Verlag Berlin and Heidelberg GmbH & Co. KG

The digital transformation of the business environment and its profound impact on firm performance is a subject of paramount interest in economics and management. While much attention has been devoted to understanding the challenges and opportunities presented by this transformative shift, there remains a crucial question that continues to elude scholars and practitioners alike: how can firms optimally align their business models and strategies to thrive in the digital era?

To address this pressing concern, Daniel Wittenstein has embarked on a groundbreaking research endeavor. Through his insightful analysis and innovative approach, he has uncovered novel insights from hidden champions and developed a cutting-edge machine learning-based framework for measuring firm-level digitalization.

In his study, Wittenstein delves into the complex interplay between digital technologies, business models, and firm performance. He explores how firms can leverage digital technologies to create new value propositions, disrupt existing markets, and enhance customer experiences. He also examines the challenges that firms face in transitioning to digital platforms, such as the need for organizational change, talent acquisition, and investment in technology.

One of the key contributions of Wittenstein's research is his development of a machine learning-based approach for measuring firm-level digitalization. This approach leverages advanced algorithms and data analytics to assess the extent to which firms have integrated digital technologies into their operations, processes, and customer interactions. By quantifying the level of digitalization, Wittenstein provides valuable insights into the performance implications of different digital strategies.

For example, his research has shown that firms that have successfully digitized their operations tend to exhibit higher productivity, efficiency, and profitability. They are better able to adapt to changing market conditions, respond quickly to customer demands, and create new business models that leverage digital technologies. In contrast, firms that are slow to adopt digital technologies risk falling behind their competitors and losing market share.

Wittenstein's research also highlights the importance of a holistic approach to digital transformation. He emphasizes that firms should not view digitalization as a standalone initiative but rather as an integral part of their overall business strategy. This requires a shift in mindset, where executives and managers recognize the potential benefits of digital technologies and embrace them as a means to achieve their organizational goals.

To support his findings, Wittenstein draws on a wide range of empirical evidence and case studies from various industries. He collaborates with leading experts in the field to validate his methodologies and ensure the accuracy of his conclusions. His research has been published in top-tier journals, including the Journal of Management and Organization and the Strategic Management Journal, and has garnered significant attention from both academic and industry circles.

In conclusion, the digital transformation of the business environment and its impact on firm performance is a topic of immense importance. Daniel Wittenstein's groundbreaking research has shed light on the challenges and opportunities presented by this transformative shift. By generating novel insights from hidden champions and developing a machine learning-based approach for measuring firm-level digitalization, he has contributed significantly to our understanding of how firms can optimize their business models and strategies for the digital era. As we navigate the rapidly evolving digital landscape, Wittenstein's work provides valuable guidance for executives and managers seeking to stay ahead of the curve and achieve sustainable competitive advantage.

Weight: 303g
Dimension: 210 x 148 (mm)
ISBN-13: 9783658366940
Edition number: 1st ed. 2022