The impact of digital transformation on management practices

Abstract

The development of technology, automation, and the multiple acceleration of processes in the external environment create the need to change classical management practices. Digital transformation is considered to be a long-term action, the result of which should be the formation of a "digital organization". Therefore, we can say that managerial processes are the foundation on which the company's activities are based and to a large extent its well-being depends on. The pursuit of digital leadership is seen as an important factor in enhancing the competitiveness of organizations, creating the prerequisites for the formation of long-term competitive advantages.