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Reviewing Literature on Digitalization, Business Model Innovation, and Sustainable Industry: Past Achievements and Future Promises
Luleå University of Technology, Department of Business Administration, Technology and Social Sciences, Business Administration and Industrial Engineering. University of Vaasa, Vaasa, Finland.ORCID iD: 0000-0003-3255-414X
Luleå University of Technology, Department of Business Administration, Technology and Social Sciences, Business Administration and Industrial Engineering.ORCID iD: 0000-0001-5464-2007
Luleå University of Technology, Department of Business Administration, Technology and Social Sciences, Business Administration and Industrial Engineering.ORCID iD: 0000-0002-8939-5509
2019 (English)In: Sustainability, ISSN 2071-1050, E-ISSN 2071-1050, Vol. 11, no 2, article id 391Article in journal (Refereed) Published
Abstract [en]

Digitalization is revolutionizing the way business is conducted within industrial value chains through the use of Internet of Things (IoT) technologies, intensive data exchange and predictive analytics. However, technological application on its own is not enough; profiting from digitalization requires business model innovation such as making the transition to advanced service business models. Yet, many research gaps remain in analyzing how industrial companies can leverage digitalization to transform their business models to achieve sustainability benefits. Specifically, challenges related to value creation, value delivery, and value capture components of business model innovation need further understanding as well as how alignment of these components drive sustainable industry initiatives. Thus, this special issue editorial attempts to take stock of the emerging research field through a literature review and providing a synthesis of special issue contributions. In doing so, we contribute by developing a framework that communicates and sets the direction for future research by linking digitalization, business model innovation, and sustainability in industrial settings.

Place, publisher, year, edition, pages
MDPI, 2019. Vol. 11, no 2, article id 391
Keywords [en]
digitalization, business model innovation, advanced services, digital services, product–service systems (PSS), sustainability, circular economy, value creation, value capture
National Category
Other Engineering and Technologies not elsewhere specified
Research subject
Entrepreneurship and Innovation
Identifiers
URN: urn:nbn:se:ltu:diva-72708DOI: 10.3390/su11020391ISI: 000457129900095Scopus ID: 2-s2.0-85059981198OAI: oai:DiVA.org:ltu-72708DiVA, id: diva2:1283243
Note

Validerad;2019;Nivå 2;2019-01-28 (svasva)

Available from: 2019-01-28 Created: 2019-01-28 Last updated: 2019-02-22Bibliographically approved

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Parida, VinitSjödin, DavidReim, Wiebke

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