Creating and Sustaining an Agile Organization: The Impact of the Digital Economy

12 Pages Posted: 9 May 2018

Date Written: May 1, 2018

Abstract

The Digital economy is here to stay. Digitization innovations are disruptive to current business models, creating new business opportunities and challenging long-standing business beliefs. An MIT Center for Information Systems Research study revealed that 32% of Board Members surveyed believe that their firm’s revenue is at risk from digitalization within the next five years. The study also revealed that “challenging the status quo” is the second most important Board activity. Digitization is already pushing the status quo. However, some organizations are not entirely ready for the impending disruption partly because technological innovations require knowledge that is not present or not mature. The knowledge gap impacts many types of organizations. This article discusses the case for an agile organization, the intersection of IT and business communities enterprise-wide and, leadership requirements to achieve enterprise agility for the next generation of growth in the digital era.

Keywords: Digital Economy, Digitization, Digitalization, Agile Organization, Strategic Management

Suggested Citation

Bogosian, Dr. Rob, Creating and Sustaining an Agile Organization: The Impact of the Digital Economy (May 1, 2018). Rutgers Business Review, Vol. 3, No. 1, 2018, Available at SSRN: https://ssrn.com/abstract=3176037

Dr. Rob Bogosian (Contact Author)

Florida Atlantic University ( email )

Boca Raton, FL 33431
United States

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