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The digital transformation of industrial players

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  • Danuso, Anna
  • Giones, Ferran
  • Ribeiro da Silva, Elias

Abstract

Digitalization is transforming the industrial landscape. Smarter products, data-based services, and new business models promise to reshape the whole manufacturing industry. But just below the visible excitement lurk unexpected tensions and challenges that can make digital transformation an excruciating journey for industrial companies. In this article, we decipher the digital transformation strategy choices of leading industrial firms in a highly innovative country. We then identify four dominant tensions that managers need to sort out. We also provide guiding principles for selecting a digital transformation strategy capable of overcoming each of the identified tensions.

Suggested Citation

  • Danuso, Anna & Giones, Ferran & Ribeiro da Silva, Elias, 2022. "The digital transformation of industrial players," Business Horizons, Elsevier, vol. 65(3), pages 341-349.
    • Handle: RePEc:eee:bushor:v:65:y:2022:i:3:p:341-349
    DOI: 10.1016/j.bushor.2021.04.001
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    References listed on IDEAS

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    3. Kao, Ling-Jing & Chiu, Chih-Chou & Lin, Hung-Tse & Hung, Yun-Wei & Lu, Cheng-Chin, 2024. "Unveiling the dimensions of digital transformation: A comprehensive taxonomy and assessment model for business," Journal of Business Research, Elsevier, vol. 176(C).
    4. Baotong Liu & Hua Zou & Hao Qin & Huimin Ji & Yongquan Guo, 2023. "An evolutionary game analysis of digital transformation of multiagents in digital innovation ecosystems," PLOS ONE, Public Library of Science, vol. 18(7), pages 1-24, July.

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