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Digital Transformation Management of the Organization as a Key to Its Sustainable Development

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Modern Global Economic System: Evolutional Development vs. Revolutionary Leap (ISC 2019)

Abstract

In the current context of increased competition in global markets, companies are forced to search for new ways and mechanisms to ensure sustainable development. Companies’ digital transformation can become one of such effective mechanisms. The purpose of the study is to examine the influence of company’s digital transformation on achieving the goals of sustainable development. To this end, we analyze annual reports and research on the issues of digital transformation, economic and sustainable development of the leading companies in the global electronic industry, namely: Samsung, Intel, and NVIDIA. For a better understanding of the correlation among the key components of the research subject, we apply the methods of schematization and classification of objects. The study shows four types of digital transformation management strategies depending on the level of the organization’s digital maturity and the goals of its sustainable development. We conclude that sustainable development (including economic, social and environmental ones) in the long term in the current environment of complicated global economic and internal economic relations can be achieved, first of all, through the comprehensive digital transformation of the organization. In other words, digitally matured companies can achieve sustainability, and, therefore, competitiveness.

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Acknowledgment

The reported study was funded by RFBR, project number 20–010-00257.

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Correspondence to Tatiana V. Kokuytseva .

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Kokuytseva, T.V., Ovchinnikova, O.P. (2021). Digital Transformation Management of the Organization as a Key to Its Sustainable Development. In: Popkova, E.G., Sergi, B.S. (eds) Modern Global Economic System: Evolutional Development vs. Revolutionary Leap. ISC 2019. Lecture Notes in Networks and Systems, vol 198. Springer, Cham. https://doi.org/10.1007/978-3-030-69415-9_128

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