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Impact of Digitalization in Business World

Author

Listed:
  • Magdalena Alina ILCUS

    (1 Decembrie 1918 University)

Abstract

Digitalization is in every field of our lives: education and schools, social networking, in business, as almost each company has a website and in business processes: marketplaces, logistics, and more and more, in accounting. Consequently, the current age became digital era. Digital technology allows making tasks faster and more accurate. That’s why, its growth impacts digital marketplace and continues to grow each and every year: Amazon, Alibaba, Ebay, Emag, Olx. Digital networking is developing fast too: Facebook, Instagram, Twitter, Pinterest, LinkedIn. This article focuses on being digital issue in the business world by presenting some of its advantages and why it is important going digital for companies.

Suggested Citation

  • Magdalena Alina ILCUS, 2018. "Impact of Digitalization in Business World," REVISTA DE MANAGEMENT COMPARAT INTERNATIONAL/REVIEW OF INTERNATIONAL COMPARATIVE MANAGEMENT, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 19(4), pages 350-358, October.
    • Handle: RePEc:rom:rmcimn:v:19:y:2018:i:4:p:350-358
    DOI: 10.24818/RMCI.2018.4.350
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    Citations

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    Cited by:

    1. Edi-Cristian Dumitra & Iulia Maria Gandea, 2022. "Digitalisation-‘The Invisible Hand’ of Digital economy," Journal of Financial Studies, Institute of Financial Studies, vol. 13(7), pages 51-62, November.
    2. repec:fst:rfsisf:v:13:y:2022:i:13:p:51-62 is not listed on IDEAS
    3. Corina-Ana Borcoși & Ilie Borcoși & Marius Marian & Adelin Cusman & Dragoș Ionică, 2023. "Sustainability of Romanian Small and Medium Enterprises Using the Electronic Signature as a Driving Digital Tool," Sustainability, MDPI, vol. 15(22), pages 1-26, November.
    4. Simona MASCU, 2021. "Developing the Competitiveness of Organizations by Amplifying the Role of Human Resources," Economics and Applied Informatics, "Dunarea de Jos" University of Galati, Faculty of Economics and Business Administration, issue 2, pages 220-223.
    5. Sun, Bing & Zhang, Yanfeng & Zhu, Kunyan & Mao, Hongying & Liang, Tian, 2024. "Is faster really better? The impact of digital transformation speed on firm financial distress: Based on the cost-benefit perspective," Journal of Business Research, Elsevier, vol. 179(C).
    6. Lavinia-Andreea GRUIA & Nicolae BIBU & Marian NASTASE & Alexandru ROJA & Nicoleta CRISTACHE, 2020. "Approaches to Digitalization within Organizations and Romania," REVISTA DE MANAGEMENT COMPARAT INTERNATIONAL/REVIEW OF INTERNATIONAL COMPARATIVE MANAGEMENT, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 21(3), pages 287-297, July.
    7. Mustafa Ozguven & Chong Yan Gao & Mohamed Yacine Si Tayeb, 2021. "The Utilization of Autoregressive Forecasting Models in Strategic Management," International Journal of Science and Business, IJSAB International, vol. 5(7), pages 170-185.
    8. Simona MASCU, 2021. "Factors That Trigger Changes in Modern Organizations," REVISTA DE MANAGEMENT COMPARAT INTERNATIONAL/REVIEW OF INTERNATIONAL COMPARATIVE MANAGEMENT, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 22(5), pages 729-737, December.
    9. repec:fst:rfsisf:v:7:y:2022:i:13:p:51-62 is not listed on IDEAS

    More about this item

    Keywords

    digitalization; digital markets; technological change; finance and accounting.;
    All these keywords.

    JEL classification:

    • F64 - International Economics - - Economic Impacts of Globalization - - - Environment
    • F65 - International Economics - - Economic Impacts of Globalization - - - Finance
    • F66 - International Economics - - Economic Impacts of Globalization - - - Labor
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes

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