Digital Transformation and Competitive Strategies: Insights Into Innovation, SMEs, and AI Startups
This literature review examines the role of digital transformation in developing competitive strategies across diverse organizational contexts. With the advent of the digital era, organizations increasingly leverage digital technologies to enhance their competitiveness and adapt to evolving market dynamics. Through an analysis of recent research papers, this review explores key themes, including integrating traditional and digital strategic tools, the impact of digital competencies on open innovation, the competitiveness factors influencing AI technology-based startups, and the development of transformational digital strategies in SMEs. Findings highlight the importance of strategic decision-making, technological flexibility, collaboration efforts, and responsible management practices in navigating the complexities of digital transformation. Identified research gaps underscore the need for further exploration into areas such as the balance between responsiveness and responsibility, the integration of sustainability principles, and the adoption of innovative approaches to drive strategic change. Future research should delve deeper into factors such as motivation, global environment, and demographic variables to enhance our understanding of the evolving landscape of digital transformation and its implications for organizational competitiveness. This research contributes to the existing literature by providing insights into the evolving landscape of digital transformation and its implications for organizational competitiveness, thereby informing strategic decision-making and facilitating the adoption of effective digital strategies among diverse organizational contexts.
Authors
- Munibah Munir (ORCID: https://orcid.org/0000-0003-0321-3055)
- F. Munir
- Prof. Adel Ismail Al-Alawi
Institutions
- Arabian Gulf University (BH)
- Royal University for Women (BH)
Publication Details
- Published
- 2024-12-11
- DOI
- https://doi.org/10.1109/dasa63652.2024.10836611
- Primary Topic
- Economic Development and Digital Transformation
- Type
- article
- Field-Weighted Citation Impact
- 0.00