Innovation in Business Management: The Essential Factor for Success in the Digital Era
Year: 2025
Type: article
Abstract: The evolution of the business world is closely tied to digitalization and the rise of information technology, particularly the internet. The digital landscape and internet have brought about significant changes and impacts on business management today. As a result, innovation in managerial processes is essential for businesses to thrive in this fast-paced environment. This means that business management, whether on a micro or macro scale, must adapt to the digital world and the internet. One key innovation is integrating digitalization into every facet of business management. This study aims to explore the importance of digitalization in business management to foster adaptive and resilient businesses. The research is qualitative, using a literature review approach, drawing from published journal articles and relevant sources from agency websites. The findings indicate that digitalization can impact various areas of business management, such as marketing, operations, and human resources. Although digitalization poses challenges, it offers significant potential for improving business management, requiring a deeper understanding of the digital world to leverage its benefits effectively.
Author: Sayali P. Gaikwad
Language: English
Subfield: Management of Technology and Innovation
Domain: Social Sciences
Open Access status: green
OpenAlex ID: W6950070865
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