Digital Transformation and Business Model Innovation in Digital Business: A Review of Scopus Indexed Publications 2023-2025
DOI:
https://doi.org/10.58765/ekobil.v5i2.477Keywords:
Digital business, Business model innovation, Digital transformation, Dynamic capabilities, SMEs, Digital servitizationAbstract
Main Objectives: To synthesize 35 Scopus-indexed publications (2023–2025) and explain how digital technology and digital transformation reshape firms' business models, particularly in small and medium-sized enterprises (SMEs).
Background Problem: Many firms fail to obtain proportional returns from digital investments (the digital paradox). Existing literature remains fragmented across leadership, external enablers, and cross-contextual perspectives.
Novelty: Provides an integrated conceptual framework connecting triggers, capabilities, digital leadership, BMI pathways, outcomes, and boundary conditions, complemented by six testable research propositions.
Research Methods: A thematic literature review analyzing abstracts, keywords, and metadata exported from Scopus across 35 recent journal publications (2023–2025).
Findings and Results: Digital transformation positively influences BMI and performance, with BMI acting as a key mediator. Organizational capabilities, dynamic learning, and digital leadership determine whether digital paradox is overcome.
Conclusion: Digital business value emerges when technology is translated into business model innovation through capabilities and leadership, rather than merely adopting technological tools.
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