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Management Strategies, Key To Digital Transformation

Author

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  • Casiana Darie Maria

    (Academy of Economic Studies Bucharest, Romania)

Abstract

Macroeconomic events affect in multiple ways and companies should be aware of those challenges that came across. Broken supply chains continue to be a problem, labor disruption increase this year and affects organization internally, the pandemic also pushed digital economy at a faster rate than before. ERP implementation came across with some challenges in 2022, prediction and trends for 2023 and beyond seems to keep those. The key for organization is to understand why interferences happen and deploying KPIs throughout the journey as well as post-project to keep everything on track from start to finish. The end goal is to ensure that the implementation is on time and budget and minimizes operational disruption and maximizes potential business value. Qualitative and quantitative findings present in this paper are fairly consistent among companies of comparable size and complexity. It is important for companies to know about how to maximize business value and get the full ROI. This paper aims to present a few examples of things that might drive revenue enhancements and what is the prediction for 2023 and beyond.

Suggested Citation

  • Casiana Darie Maria, 2023. "Management Strategies, Key To Digital Transformation," Management Strategies Journal, Constantin Brancoveanu University, vol. 59(1), pages 29-34.
    • Handle: RePEc:brc:journl:v:59:y:2023:i:1:p:29-34
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    File URL: http://www.strategiimanageriale.ro/papers/230104.pdf
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    References listed on IDEAS

    as
    1. Niu, Yuhao & Wen, Wen & Wang, Sai & Li, Sifei, 2023. "Breaking barriers to innovation: The power of digital transformation," Finance Research Letters, Elsevier, vol. 51(C).
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    3. Wen, Huwei & Zhong, Qiming & Lee, Chien-Chiang, 2022. "Digitalization, competition strategy and corporate innovation: Evidence from Chinese manufacturing listed companies," International Review of Financial Analysis, Elsevier, vol. 82(C).
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Management strategies; ERP Implementation; Challenges in ERP; Trends;
    All these keywords.

    JEL classification:

    • G30 - Financial Economics - - Corporate Finance and Governance - - - General
    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives

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