Sustainability and Digital Transformation

Abstract

Given China's position as the world's second-largest economy, this chapter examines the interaction of sustainability and digital transformation in Chinese strategic management, a fascinating case. At first, it analyzes Chinese businesses' approaches to sustainability from a variety of angles, including circular economy, green innovation, and green supply-chain management. The story then shifts focus to the digital world, where we learn how technologies like blockchain, big data, AI, and IoT/IOTA are influencing business strategies today, especially in the context of Industry 4.0. The chapter concludes with an analysis of business agglomeration, or the formation of concentrated hubs of related businesses that work together to create an economic advantage. Its goal is to encourage introspection and greater comprehension of the evolving international paradigms of strategic management by providing practical insights from China.