Avoiding digitalization traps: Tools for top managers

Phillip C. Nell; Nicolai J. Foss; Peter G. Klein; Jan Schmitt

doi:10.1016/j.bushor.2020.11.005

Avoiding digitalization traps: Tools for top managers

Phillip C. Nell, Nicolai J. Foss, Peter G. Klein, Jan Schmitt

Publication: Scientific journal › Journal article › peer-review

Abstract

Digital transformation is fundamentally changing the business landscape. It is also affecting the roles of top managers within firms. Our survey of more than 160 senior managers in Europe suggests that digitalization, rather than encouraging more decentralized forms of management, will lead to an expanded role for headquarters and further empowerment of top managers. While acknowledging the benefits of the digital transformation, in this Executive Digest we identify five key challenges for newly empowered top managers and offer solutions for these digitalization traps.

Original language	English
Pages (from-to)	163 - 169
Journal	Business Horizons
Volume	64
Issue number	2
DOIs	https://doi.org/10.1016/j.bushor.2020.11.005
Publication status	Published - 2021

Austrian Classification of Fields of Science and Technology (ÖFOS)

502052 Business administration
506009 Organisation theory
502044 Business management

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title = "Avoiding digitalization traps: Tools for top managers",

abstract = "Digital transformation is fundamentally changing the business landscape. It is also affecting the roles of top managers within firms. Our survey of more than 160 senior managers in Europe suggests that digitalization, rather than encouraging more decentralized forms of management, will lead to an expanded role for headquarters and further empowerment of top managers. While acknowledging the benefits of the digital transformation, in this Executive Digest we identify five key challenges for newly empowered top managers and offer solutions for these digitalization traps.",

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AB - Digital transformation is fundamentally changing the business landscape. It is also affecting the roles of top managers within firms. Our survey of more than 160 senior managers in Europe suggests that digitalization, rather than encouraging more decentralized forms of management, will lead to an expanded role for headquarters and further empowerment of top managers. While acknowledging the benefits of the digital transformation, in this Executive Digest we identify five key challenges for newly empowered top managers and offer solutions for these digitalization traps.

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DO - 10.1016/j.bushor.2020.11.005

M3 - Journal article

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SP - 163

EP - 169

JO - Business Horizons

JF - Business Horizons

IS - 2

ER -

Avoiding digitalization traps: Tools for top managers

Abstract

Austrian Classification of Fields of Science and Technology (ÖFOS)

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