The digital economy,underpinned by fundamental digital technologies such as artificial intelligence,blockchain,cloud computing,and big data,facilitates business model innovation,thereby enabling firms to achieve disti...The digital economy,underpinned by fundamental digital technologies such as artificial intelligence,blockchain,cloud computing,and big data,facilitates business model innovation,thereby enabling firms to achieve distinctive competitive advantages.While the digital economy creates more development opportunities for businesses,it also subjects them to higher levels of competitive threats.Therefore,business model innovation is both a proactive choice to perceive and exploit external opportunities and a reactive adaptation to identify and mitigate external threats.The digital economy drives business model innovation through digital information,internet platforms,digital technologies,and new business models and formats.As such,firms should utilize data resources innovatively to update their value logic,build digital ecosystems based on internet platforms,enhance digital technology integration to enable agile responses,and gain insights into emerging economic formats to promote cross-industry integration and innovation.展开更多
基金partial result of the Key Project"Enterprise Strategic Management and Digital Transformation in the Post-Pandemic Era"of the National Natural Science Foundation of China(No.72132005).
文摘The digital economy,underpinned by fundamental digital technologies such as artificial intelligence,blockchain,cloud computing,and big data,facilitates business model innovation,thereby enabling firms to achieve distinctive competitive advantages.While the digital economy creates more development opportunities for businesses,it also subjects them to higher levels of competitive threats.Therefore,business model innovation is both a proactive choice to perceive and exploit external opportunities and a reactive adaptation to identify and mitigate external threats.The digital economy drives business model innovation through digital information,internet platforms,digital technologies,and new business models and formats.As such,firms should utilize data resources innovatively to update their value logic,build digital ecosystems based on internet platforms,enhance digital technology integration to enable agile responses,and gain insights into emerging economic formats to promote cross-industry integration and innovation.
