Design or Redesign Business Models' Innovation in the Digital Transformation Context

The Role of Digital Innovation in Business Growth

“…This multifaceted process is influenced by several critical factors. Firstly, organizational transformational maturity plays a pivotal role, as companies require dynamic capabilities and digital competencies to effectively instigate changes in their business processes and models, as observed by Ratte et al (2022). Secondly, the corporate culture of an organization significantly impacts its ability to foster entrepreneurial endeavors and devise or adapt innovative business models, as emphasized in Ratte et al's research (2022).…”

“…Similarly, in the renewable energy sector in China, the advent of digital transformation emerges as a potent driver of financial performance, with green technology innovation acting as a crucial mediator in this equation, notably more pronounced for state-owned and large firms (Dharmayanti, et al, 2023). Notably, empirical analyses in the European banking sphere underscore a compelling positive correlation between technological innovation, particularly in the form of fintech, and enhanced bank profitability, signaling the transformative potential of digital innovations in financial sectors (Ratte, 2022). Moreover, exploring sustainability management within Indonesian enterprises reveals that robust supply chain management and adeptness in digital technologies are pivotal in steering sustainable financial performance, indicating the multifaceted impacts of digital adaptability (Ratte, 2022).…”

“…Notably, empirical analyses in the European banking sphere underscore a compelling positive correlation between technological innovation, particularly in the form of fintech, and enhanced bank profitability, signaling the transformative potential of digital innovations in financial sectors (Ratte, 2022). Moreover, exploring sustainability management within Indonesian enterprises reveals that robust supply chain management and adeptness in digital technologies are pivotal in steering sustainable financial performance, indicating the multifaceted impacts of digital adaptability (Ratte, 2022). Furthermore, investigations into the design of business model innovations in digital transformation contexts underscore the significance of organizational factors like transformational maturity and corporate culture in shaping business processes and models, thereby influencing financial outcomes (Dharmayanti, et al, 2023).…”