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How Can Large Manufacturers Digitalize Their Business Models? A Framework for Orchestrating Industrial Ecosystems
Luleå University of Technology, Department of Social Sciences, Technology and Arts, Business Administration and Industrial Engineering. University of South Eastern Norway, Norway.ORCID iD: 0000-0001-5464-2007
Luleå University of Technology, Department of Social Sciences, Technology and Arts, Business Administration and Industrial Engineering. University of South Eastern Norway, Norway; University of Vaasa, School of Management, Finland.ORCID iD: 0000-0003-3255-414X
ESADE Business School, Ramon Llull University, Barcelona, Spain.
2022 (English)In: California Management Review, ISSN 0008-1256, E-ISSN 2162-8564, Vol. 64, no 3, p. 49-77Article in journal (Refereed) Published
Abstract [en]

For manufacturers, remaining competitive depends on their ability to digitalize their business models (i.e., offer digital and digitally enhanced products and services). To achieve this, they must engage with new digital partners and help their existing suppliers, partners, and other stakeholders to digitalize. Orchestrating this growing ecosystem is challenging. Manufacturers struggle with this endeavor because of specific barriers associated with their existing legacy business model and related to their lack of digital vision, product-centric value chains, and a bias toward firm-centered profit formulas. To overcome these barriers, leading manufacturers have developed new approaches to ecosystem orchestration. 

Place, publisher, year, edition, pages
Sage Publications, 2022. Vol. 64, no 3, p. 49-77
Keywords [en]
business model innovation, ecosystem orchestration, digitalization, digital servitization
National Category
Business Administration
Research subject
Entrepreneurship and Innovation
Identifiers
URN: urn:nbn:se:ltu:diva-88164DOI: 10.1177/00081256211059140ISI: 000726031300001Scopus ID: 2-s2.0-85120491804OAI: oai:DiVA.org:ltu-88164DiVA, id: diva2:1616271
Note

Validerad;2022;Nivå 2;2022-04-20 (johcin)

Available from: 2021-12-02 Created: 2021-12-02 Last updated: 2023-05-06Bibliographically approved

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Sjödin, DavidParida, Vinit

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