What Should Be Focused on When Digital Transformation Hits Industries? Literature Review of Business Management Adaptability

Abstract

How traditional industries adapt to the digital economy to achieve sustainable development has attracted scholars and practitioners. Exploring the concept of BMA (business management adaptability) can not only theoretically explain adaptive micro-operation mechanisms but can provide practical guidance for enterprises to form adaptability. To date, although a lot of effort is being spent on detecting the adaptive construction elements, refining the BMA to specific management levels, a comprehensive review combines adaptability construction elements and specific levels have not yet been formed. In this trial, this paper innovatively utilizes a hybrid method that consists of a bibiometric and structural literature review to conduct a comprehensive theoretical study of relevant literatures from 1970 to 2020. By displaying current research conclusions and their defects, this study combines adaptability construction elements and innovatively forms a multi-level BMA framework. In this framework, this paper reveals the importance of setting up performance evaluation systems that focus on corporate profitability, probing and counterpoising relations between internal and external environments. Finally, this paper provides recommendations for practitioners about how to build their own competitive advantages when the digital economy hits the global world.

Driving Digital Transformation in Insurance Firms: Unleashing the Power of Identifying Adaptive Challenges Behavior

“…Correlational analysis demonstrated a significant positive relationship between identifying adaptive challenges behavior and digital transformation in these firms (r = 0.530, p < .05), aligning with prior research emphasizing the positive influence of work complexity, team collaboration, and experimentation on organizational outcomes. Notably, work complexity (Zhang et al, 2021), team collaboration (Costumato, 2021), and experimentation (Wong, 2020) have previously been found to have a positive impact on organizational outcomes. However, some studies reported weak associations for these factors (Audenaert et al, 2017;Bornay-Barrachina & Herrero, 2017).…”

“…According to Northouse (2019), adaptive leadership involves identifying and effectively addressing complex challenges, embracing change, and promoting innovation within an organization. One specific behavior of adaptive leadership is the identification of adaptive challenge, which encompasses work complexity, team collaboration, and experimentation practices by leadership (Wong, 2019;Zhang et al, 2021). While the importance of adaptive leadership behaviors in facilitating digital transformation is widely espoused by some scholars, others note the scant empirical research on this contemporary leadership style (Wamburu et al, 2022).…”

“…Identifying adaptive challenges can be defined as the adaptive leader's behavior of addressing tough challenges characterized by work complexity using experimentation and team collaboration (Heifetz & Laurie, 1997;Northouse, 2019). According to Zhang et al (2021), adaptive leaders that promote teams that practice experimentation and collaboration are able to be effective in the face of change that causes work complexity. Therefore, identifying adaptive challenges behavior of a leader encompasses navigating external dynamic challenges by orchestrating organizational evolution (Cote, 2022).…”

Role of the Magnitude of Digital Adaptability in Sustainability of Food and Beverage Small Enterprises Competitiveness

“…The digital adaptability variable was related to the business management adaptability (BMA) concept that was used to theoretically explain adaptive micro-operation mechanisms and provide practical guidance for companies to adopt the digital economy to achieve sustainable development [50,51]. Furthermore, the costless signaling variable was linked to the existence of free internet and the constant expansion of the web with search engines continuously being used by people in their daily routines and found to be part of a complex and multi-faceted phenomenon considered difficult for companies to manage effectively [52].…”

Study on the Influencing Factors of Digital Transformation of Construction Enterprises from the Perspective of Dual Effects—A Hybrid Approach Based on PLS-SEM and fsQCA

“…For example, artificial intelligence (AI) can model, predict, and optimize the problems that arise throughout the entire construction process through data-driven methods [8]. The second aspect is the process of organizational adaptation to digital transformation [21,22]. For example, the formal and informal organizational structures of large construction enterprises will be profoundly affected by digital technology [22], and enterprise digital transformation can enhance organizational resilience [23], etc.…”