The Impact of Management and Strategies for Digital Enterprise Transformation on Welfare

Abstract

Digital transformation is progressing exponentially. Given the importance of this transformation, managerial strategies and practices need to be adapted to meet the new challenges. While countries are on a journey toward a process where human interactions and transactions—with the government, businesses—and consumption of goods, services, and ideas primarily conducted through the use of the internet and internet-based technologies, they are all traveling at different speeds. Based on the theory, drawing from the Global Innovation Index (GII) input-output framework and literature review on innovation, the chapter intends to answer the question: What is the impact of management and strategies for digital enterprise transformation on welfare?