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How Companies Can Gain a Sustainable Competitive Advantage in the New Digital Era? The Case of Romania

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  • Plesea Doru Alexandru

    (Bucharest University of Economic Studies, Bucharest, Romania)

  • Petre Adrian

    (Bucharest University of Economic Studies, Bucharest, Romania)

  • Olaru Stelian Mircea

    (Bucharest University of Economic Studies, Bucharest, Romania)

Abstract

The purpose of this article is to analyze how digitalization can impact the level of competitiveness of those organizations that implement a digitalization strategy and to define the current situation in Romania in terms of the level of competitiveness at the international level and the main associated influencing factors. The research covers, first of all, the critical analysis of the current scientific literature on this topic. In the second part of the paper, we used econometric analysis, statistical data interpretation as well as descriptive analysis. The main results show, on the one hand, a positive and strong correlation between digitalization and competitiveness, and on the other hand the fact that Romania is far behind, in terms of international competitiveness, for reasons not exclusively related to digitalization. The article is a contribution to the specialized literature because it confirms some of the results obtained by other researchers regarding the relationship between innovation and business performance and at the same time proposes concrete measures to improve the level of competitiveness according to the main current issues that we have identified. Our study also presents possible practical implications, both for the academic environment, and for the policymakers and managers involved in the development of the Romanian business sector.

Suggested Citation

  • Plesea Doru Alexandru & Petre Adrian & Olaru Stelian Mircea, 2023. "How Companies Can Gain a Sustainable Competitive Advantage in the New Digital Era? The Case of Romania," Proceedings of the International Conference on Business Excellence, Sciendo, vol. 17(1), pages 2002-2013, July.
    • Handle: RePEc:vrs:poicbe:v:17:y:2023:i:1:p:2002-2013:n:10
    DOI: 10.2478/picbe-2023-0176
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    References listed on IDEAS

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    1. Edilson Bacinello & Gérson Tontini & Anete Alberton, 2020. "Influence of maturity on corporate social responsibility and sustainable innovation in business performance," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 27(2), pages 749-759, March.
    2. Grazia Dicuonzo & Francesca Donofrio & Simona Ranaldo & Vittorio Dell'Atti, 2022. "The effect of innovation on environmental, social and governance (ESG) practices," Meditari Accountancy Research, Emerald Group Publishing Limited, vol. 30(4), pages 1191-1209, April.
    3. Niël Almero Krüger & Natanya Meyer, 2021. "The Development of a Small and Medium-Sized Business Risk Management Intervention Tool," JRFM, MDPI, vol. 14(7), pages 1-14, July.
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