TY - JOUR
T1 - How Can Large Manufacturers Digitalize Their Business Models? A Framework for Orchestrating Industrial Ecosystems
AU - Sjödin, David
AU - Parida, Vinit
AU - Visnjic, I.
N1 - Funding Information:
The author(s) disclosed the receipt of the following financial support for the research, authorship, and/or publication of this article: This research was funded by The Swedish Governmental Agency for Innovation Systems (Vinnova), Formas, Norwegian Research Council and the Spanish Ministry of Science, Innovation, and Universities.
Publisher Copyright:
© The Regents of the University of California 2021.
PY - 2022/5
Y1 - 2022/5
N2 - 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.
AB - 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.
KW - business model innovation
KW - digital servitization
KW - digitalization
KW - ecosystem orchestration
UR - http://www.scopus.com/inward/record.url?scp=85120491804&partnerID=8YFLogxK
U2 - 10.1177/00081256211059140
DO - 10.1177/00081256211059140
M3 - Article
AN - SCOPUS:85120491804
SN - 0008-1256
VL - 64
SP - 49
EP - 77
JO - California Management Review
JF - California Management Review
IS - 3
ER -