IDEAS home Printed from https://ideas.repec.org/a/ags/sereko/290212.html
   My bibliography  Save this article

Innovation and Digital Transformation as a Competition Catalyst

Author

Listed:
  • Kostic, Zorana

Abstract

The basic aim of the paper is to examine the relationship between innovation and digital transformation, on the one hand, and the conditions of competition on the other hand. The intensive application of advanced technologies leads to a digital transition and companies which operate in a changing environment must pass through it. The market share depends on, among other factors, the speed of digital transformation. One of the implications of this process is the strengthening of competitive pressure among companies. The correlation between exposure to digitalisation and productivity causes the effects that are reflected an increasing gap between the most successful companies and those less successful who are struggling to survive in the market. The question arises what is the role of innovations in modern business conditions and whether they represent substitution for price competition. The results show that efficient enterprises in the static neoclassical sense can not withstand the pressure of their competitors without innovations. Therefore, it can be noted that innovations are crucial for survival of companies in the capitalist economy.

Suggested Citation

  • Kostic, Zorana, 2018. "Innovation and Digital Transformation as a Competition Catalyst," Ekonomika, Journal for Economic Theory and Practice and Social Issues, Society of Economists Ekonomika, Nis, Serbia, vol. 64(1), March.
    • Handle: RePEc:ags:sereko:290212
    DOI: 10.22004/ag.econ.290212
    as

    Download full text from publisher

    File URL: https://ageconsearch.umn.edu/record/290212/files/1-2018%20pages%2013-24.pdf
    Download Restriction: no
    File URL: https://libkey.io/10.22004/ag.econ.290212?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. MARINCEAN Dan Andrei, 2020. "Digital Economy And The Dsm," Annals of Faculty of Economics, University of Oradea, Faculty of Economics, vol. 1(2), pages 86-97, December.
    2. Olena Liakh, 2021. "Accountability through Sustainability Data Governance: Reconfiguring Reporting to Better Account for the Digital Acceleration," Sustainability, MDPI, vol. 13(24), pages 1-18, December.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ags:sereko:290212. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: AgEcon Search (email available below). General contact details of provider: http://www.ekonomika.org.rs .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.