- Log In/Sign Up
- E-ISSN2288-2766
- KCI
E-ISSN : 2288-2766
The Rise of Corporate Digital Transformation and Government Regulatory Innovation
Simon Shufeng Xiao
Abstract
Purpose – In this study, we attempt to provide a background, a review of current development of the digital technologies and their effect on the digital transformation process as well as the current practices, and then offer our recommendations for identifying and taking strategic actions to exploit them. More importantly, we also aim to offer important recommendations for policy-makers and reformers how to better advance the innovation system by facilitating the development of digital technologies and take advantage of improvements in digital technologies, and how to effectively deal with the challenges created in the process of digital transformation and taking advantage of improvements in digital technologies. Results –This paper finds that digital technologies with strong technological backing have brought technological spillovers to the economy while also generating shocks. The flow of data is more flexible and difficult to control, and this storage feature of personal information may bring about conflicts in the application of law; The powerful network effects and near-zero marginal costs of the digital economy make it difficult for entrants to enter, creating a huge impact on the traditional economy. Conclusion–To maintain a healthy and developing market order, it is necessary for governments to innovate regulatory models and unleash human creativity in the digital economy. The study proposes that the government should innovate in three aspects of regulation: grasping trends, sharing governance, and creating an environment, so as to enhance the capacity and efficiency of government regulation, adapt to the new economic models and contribute more to the high-quality and healthy development of the digital economy.
- keywords
- Digital transformation, Digital technology, Government regulation, Innovation
Reference
Berman, S. J. (2012). Digital transformation: opportunities to create new business models. Strategy & Leadership. 40(2), 16–24.
Cai, C. L. (2017). The rise of the sharing economy and government regulatory innovation. Southern Economics, 36(3), 99–105.
Crittenden, A. B., Crittenden, V. L., & Crittenden, W. F. (2019). The digitalization triumvirate: How incumbents survive. Business Horizons, 62(2), 259–266.
Fitzgerald, M., Kruschwitz, N., Bonnet, D., & Welch, M. (2014). Embracing digital technology: A new strategic imperative. MIT Sloan Management Review, 55(2), 1–12.
Frank, A. G., Dalenogare, L. S., & Ayala, N. F. (2019). Industry 4.0 technologies: Implementation patterns in manufacturing companies. International Journal of Production Economics, 210(4), 15–26.
Marques, I. C., & Ferreira, J. J. (2020). Digital transformation in the area of health: Systematic review of 45 years of evolution. Health and Technology, 10(3), 575–586.
McAfee, A., & Brynjolfsson, E. (2012). Big data: the management revolution. Harvard Business Review, 90(10), 60–68.
Naughton, J. (2016). The evolution of the internet: from military experiment to general purpose technology. Journal of Cyber Policy,1(1), 5–28.
Reinsel, D., Gantz, J., & Rydning, J. (2018). The digitization of the world: from edge to core. IDC White Paper.
Rosen, S. (1981). The economics of superstars. The American Economic Review, 71(5), 845–858.
SIIO (State Internet Information Office of the People's Republic of China). (2020). Digital China construction and development report (2019). Available at http://www.cac.gov.cn/2020-09/10/c_1601296274273490.htm (Accessed April 19. 2021).
Ström, R., Vendel, M., & Bredican, J. (2014). Mobile marketing: a literature review on its value for consumers and retailers. Journal of Retailing and Consumer Services. 21(6), 1001–1012.
Verhoef, P. C., Broekhuizen, T., Bart, Y., Bhattacharya, A., Dong, J. Q., Fabian, N., & Haenlein, M. (2021). Digital transformation: A multidisciplinary reflection and research agenda. Journal of Business Research, 122(c), 889–901.
Vial, G. (2019). Understanding digital transformation: a review and a research agenda. The Journal of Strategic Information Systems, 28(2), 118–144.
Wu, N. N., & She, S. Y. (2016). Using big data to analyze the impact of online rental cars on the taxi industry. Traffic and Transport, 34(1), 238–241.
Xu, H., Zhang, Y. L., & Cao, Y. J. (2020). Digital economy, technology spillovers and dynamic competition policies. Management World, 36(11), 63–84.
Xue, L., & Li, Y. H. (2014). Transformation of government functions towards the modernization of national governance: systemic thinking and reform orientation. Political Science Research, 19(5), 61–70.
Yoo, Y. (2010). Computing in everyday life: A call for research on experiential computing. MIS Quarterly, 34(2), 213–231.
Zhang, Z. (2016). The dilemma and change of government regulation in the era of sharing economy. Information Security and Communication Secrecy, 38(1), 102–105.
- Downloaded
- Viewed
- 0KCI Citations
- 0WOS Citations
