Theoretical and Applied Economics
No. 3 / 2023 (636), Autumn
A revolutionary journey: Business development through digitalization
University Valahia of Targoviste, Romania
Abstract. The paper examines how digitalization has significantly impacted contemporary businesses. The incorporation of digital technologies has transformed conventional business models in an era of quick technological progress. This transformation covers a range of topics, including improving operational effectiveness, extending market reach, and promoting innovation. The paper starts off by defining digitalization and tracing its history to show how it has evolved into a crucial component of modern business strategy. It emphasizes how important digitalization has been in reshaping conventional business models, with subscription-based business models and e-commerce serving as prime examples of its disruptive potential. With a focus on how automation and data-driven decision-making optimize business operations, efficiency emerges as a key theme. The importance of personalization, global market expansion, and digital marketing as tools for sustainable growth is emphasized in the paper. The paper also explores how agile development and collaborative ecosystems can promote innovation while acknowledging the difficulties and factors related to data security and the digital divide. The paper concludes by highlighting the transformative power of digitalization in forming contemporary business landscapes and highlighting its potential to boost innovation, scalability, and efficiency while navigating difficulties to promote sustainable development.
Keywords: business, development, digitalisation.
Contents
- The economics and evolution of heroic behavior
Daniel FARHAT
- Financial contagion and identifying speculative frenzies:
Unraveling price bubbles in cryptocurrency markets
Nora CHIRIȚĂ
Camelia DELCEA
Ionuț NICA
Simona-Liliana CRĂCIUNESCU (PARAMON)
Ștefan-Andrei IONESCU
- Comparative study on the legislative framework
for attracting FDI in Romania
Constantin ANGHELACHE
Ștefan Virgil IACOB
Alexandra PETRE
Cristian OLTEANU
- Macroeconomic determinants of economic growth.
An international perspective
Yashasvi PANDEY
C.R. BISHNOI
- Analysing the interrelationship
between Bitcoin price and it’s energy consumption
Neha SETH
Kirti JAIN
- Comparative study on the global performance of companies with foreign capital
and those with Romanian capital
Mădălina-Gabriela ANGHEL
Denis-Arthur STRIJEK
Marius-Cristian RĂDUȚ
- A proposal for modified human development
index for BRICS countries.
A holistic approach towards sustainable
human development
Bhawna MUDGAL
Hemlata MANGLANI
- The effect of overconfidence behaviour
on stock market volatility in Belgium
Kouamé Marcel ANZIAN
Paul Vivien OYIBO
Koffi Mouroufie Emmanuel DJEBAN
Ebi Georges FOSSOU
- The impact of the economic policy uncertainty
and geopolitical risks on tourism demand of Mexico
Veli YILANCI
Sertaç HOPOĞLU
Hakan ERYÜZLÜ
- Credit, housing prices, expectations, and the macroeconomy.
Evidence from developed and developing countries
Priti Mendiratta ARORA
Hema KAPUR
Ananya Ghosh DASTIDAR
- Competition policies and legislation regarding
the European-Asian economic corridors
Rareș-Mihai NIȚU
- Modern leadership communication
and strategic lobbying
Dumitru Alexandru BODISLAV
Raluca Iuliana GEORGESCU
Ionuț-Valeriu ANDREI
Dan Cezar OSICEANU
- Determinants of foreign capital inflows.
The role of push versus pull factors
Ramesh BOMMADEVARA
Sri Ram PADYALA
- Are stock markets of emerging economies
informationally efficient?
Causal analysis of stock prices and macroeconomic variables
of EM7 economies for the recent decade
Mearaj-ud-Din DAR
Khursheed Ahmad BUTT
- The impact of management accounting practices:
Comparative analysis study between Jordan and Romania
Omar ALHATO
- The economic vision of artificial intelligence's (AI) efficiency
Andrei Bogdan Decebal DIACONU
- Impact of FDI and energy consumption
on the agricultural productivity of BRICS nations
Sanjay Kumar PATEL
Devashish JOSHI
- Re-visiting exchange rate volatility – risk perception relation.
New evidence from Fourier tests
Selim KAYHAN
Tayfur BAYAT