An updated approach for the value chain in times of digital transformation
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Date
2021
Authors
Journal Title
Journal ISSN
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Publisher
Ivane Javakhishvili Tbilisi State University Press
Abstract
The purpose of this article is to introduce a new configuration of the
value chain in view of the digital transformation. The value chain is a very
important management concept. In times of digitalization this concept
has to be adjusted in terms of composition and interaction of different
components. The scientific approach is conceptual and analytical. To start
with, the activities of value creation will be examined and rearranged.
Second, the logical connection and interaction will be verified as the basis for
digitalization. The scientific aim is to contribute a contemporary approach of
the value chain in combination with the digital transformation to academic
discussion. The substantiation for the rearrangement of activities is well
based on theoretical and statistical examination.
In summary, one major conclusion can be drawn: not only activities
should be analyzed for value creation, but much more the linking process.
The product management process for example is considered for examination.
Description
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Keywords
Value chain, digital transformation, activities, innovation, technology
Citation
Economics and Business, №1, 2021, pp. 87-103