Business Models of Enterprises in the Conditions of Digital Transformation: Global and Domestic Experience

Shostak Liudmyla (), Lipych Liubov, Anatolii Fedoniuk, Volynets Iryna, Andrew Ulyanytsky and Morokhova Valentyna
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Shostak Liudmyla: Lesya Ukrainka Volyn National University, Lutsk, Ukraine
Lipych Liubov: Lutsk National Technical University, Lutsk, Ukraine
Anatolii Fedoniuk: Lesya Ukrainka Volyn National University, Lutsk, Ukraine
Volynets Iryna: Lesya Ukrainka Volyn National University, Lutsk, Ukraine
Andrew Ulyanytsky: Lesya Ukrainka Volyn National University, Lutsk, Ukraine
Morokhova Valentyna: Lutsk National Technical University, Lutsk, Ukraine

Economics, 2024, vol. 12, issue 2, 243-261

Abstract: The article aims to provide a comprehensive overview of both theoretical concepts and practical applications regarding the transformation of business models in the context of digitalizing the economy. In the current digital landscape, traditional business models may no longer suffice to sustain growth and competitiveness. Therefore, there is a pressing need to identify and adopt novel approaches that leverage digital technologies to their fullest potential. By examining the latest trends and emerging paradigms in economy’s, the article aims to re-think their strategies and embrace digital transformation proactively. This involves not only incorporating technology into existing operations but also reimagining the entire business model to capitalize on new opportunities and address evolving consumer behaviors. Furthermore, the article aims to provide practical insights and actionable recommendations for businesses looking to embark on their digital transformation journey.

Keywords: model; business model; digitalization; digital transformation; digitalization; digital era; digital technologies (search for similar items in EconPapers)
JEL-codes: M21 O32 (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:vrs:econom:v:12:y:2024:i:2:p:243-261:n:1014

DOI: 10.2478/eoik-2024-0027

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