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- Title
Transformation: Challenges, Impact, and Consequences: Editorial to the SBUR Special Issue Transformation – Challenges, Impact, and Consequences, 2023.
- Authors
Fiedler, Marina; Hutzschenreuter, Thomas; Klarmann, Martin; Weißenberger, Barbara E.
- Abstract
With respect to the second, when environments in which firms act become more interconnected, this necessitates management to use transformation approaches that appropriately relate their organizations to these environments and at the same time integrate different parts of their organizations. The papers by Stahl et al. ([33]) and by Witschel et al. ([38]) both target digitalization as most relevant aspect of contemporary transformation challenges within our Special Issue and the resulting requirements for change within firm's and their business models. But most importantly, Horn ([19]) shows that the reduction in idiosyncratic risk measured for stocks with an ESG rating is not caused by other economic factors like, e.g., liquidity risk, firm age, firm size or industry. The grand challenges at the start of the 21st century such as climate change, globalization, increased competition, or rapid technological innovation require organizations and individuals to transform (George et al. [15]).
- Subjects
HOSPITAL accreditation; ACCREDITATION; IDIOSYNCRATIC risk (Securities); BUSINESS intelligence; SUSTAINABLE development reporting
- Publication
Schmalenbach Journal of Business Research (SBUR), 2023, Vol 75, Issue 3, p271
- ISSN
0341-2687
- Publication type
Article
- DOI
10.1007/s41471-023-00172-0