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Digital Growth Laws

In: Open and Digital Ecosystems

Author

Listed:
  • Daniel Fasnacht

    (University of Zurich)

Abstract

How does experience-based, exponential, and sustainable growth work in the digital paradigm? In the platform economy, hyperconnectivity leads to network effects that help companies achieve rapid growth. It is not surprising that the largest companies of the last decade have emerged from the technology and internet sector. With their scale, technical expertise, and global network, these companies have expanded into diverse, previously unrelated businesses, driving the convergence of industries and technologies. This enables cross-sector sale of complementary solutions, facilitating greater scalabililty. When utilizing digital platforms, it is essential to continuously monitor the digital risks that emerge from collaboration with various actors within the ecosystem. Decision-makers must develop a deep understanding of both – traditional and digital growth metrics – and remain focused on achieving sustainable, profitable growth. Experience-oriented growth strategies can be a solution to overcome the growth and profit paradox. Through comprehensive information about customers and the use of predictive analytics, needs can be anticipated, tailored solutions developed, and a positive and seamless customer experience created. Innovation, growth, and prosperity correlate and demand increased responsibility from companies to remain sustainably relevant.

Suggested Citation

  • Daniel Fasnacht, 2024. "Digital Growth Laws," Springer Books, in: Open and Digital Ecosystems, chapter 0, pages 77-99, Springer.
    • Handle: RePEc:spr:sprchp:978-3-658-45395-4_4
    DOI: 10.1007/978-3-658-45395-4_4
    as

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