BUSINESS MODELS OF ENTERPRISES IN THE CONDITIONS OF DIGITAL TRANSFORMATION: GLOBAL AND DOMESTIC EXPERIENCE

Liudmyla  Shostak; Liubov  Lipych; Fedoniuk  Anatolii; Iryna  Volynets; Ulyanytsky  Andrew; Valentyna  Morokhova

doi:10.2478/eoik-2024-0027

Authors

Liudmyla Shostak Lesya Ukrainka Volyn National University, Lutsk, Ukraine
Liubov Lipych Lutsk National Technical University, Lutsk, Ukraine
Fedoniuk Anatolii Lesya Ukrainka Volyn National University, Lutsk, Ukraine
Iryna Volynets Lesya Ukrainka Volyn National University, Lutsk, Ukraine
Ulyanytsky Andrew Lesya Ukrainka Volyn National University, Lutsk, Ukraine
Valentyna Morokhova Lutsk National Technical University, Lutsk, Ukraine

DOI:

https://doi.org/10.2478/eoik-2024-0027

Keywords:

model, business model, digitalization, digital transformation, digitalization, digital era, digital technologies

Abstract

The article aims to provide a comprehensive overview of both theoretical concepts and practical applications regarding the transformation of business models in the context of digitalizing the economy. In the current digital landscape, traditional business models may no longer suffice to sustain growth and competitiveness. Therefore, there is a pressing need to identify and adopt novel approaches that leverage digital technologies to their fullest potential. By examining the latest trends and emerging paradigms in economy’s, the article aims to rethink their strategies and embrace digital transformation proactively. This involves not only incorporating technology into existing operations but also reimagining the entire business model to capitalize on new opportunities and address evolving consumer behaviors. Furthermore, the article aims to provide practical insights and actionable recommendations for businesses looking to embark on their digital transformation journey.

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