Description
Digitalization does fundamentally impact firms’ strategy develop-ment. With the fusion of IT and business strategy, Digital Business Strategy (DBS) creates the foundation for digital business models [1]. In this paper, we develop a DBS framework, based on a structured review of 21 industry reports. From this analysis, we yield 8 generic dimensions with a total of 40 critical suc-cess factors (CSFs) for DBS. The CSFs represent a rich set of actions specific to DBS and to the design of business models in the digital business environment. The discussion shows that academic research is lagging behind in contributing to DBS. Future research is suggested to further formalize the concept of DBS and to create a better understanding about how firms can successfully establish DBS.
Critical Success Factors of Digital Business Strategy
Digitalization does fundamentally impact firms’ strategy develop-ment. With the fusion of IT and business strategy, Digital Business Strategy (DBS) creates the foundation for digital business models [1]. In this paper, we develop a DBS framework, based on a structured review of 21 industry reports. From this analysis, we yield 8 generic dimensions with a total of 40 critical suc-cess factors (CSFs) for DBS. The CSFs represent a rich set of actions specific to DBS and to the design of business models in the digital business environment. The discussion shows that academic research is lagging behind in contributing to DBS. Future research is suggested to further formalize the concept of DBS and to create a better understanding about how firms can successfully establish DBS.