Strategic Management in the 21st Century: Adapting to Digital Transformation in Global Business

Abstract

The digital transformation in global business has ushered in a new era of strategic management. As businesses navigate through rapidly evolving technological landscapes, it becomes crucial to understand how organizations must adapt their strategies to stay competitive and relevant. This paper explores the intersection of strategic management and digital transformation in the 21st century, examining the challenges, opportunities, and frameworks that businesses can leverage to succeed in the digital age. By exploring case studies and emerging trends, the paper highlights key strategic approaches that enable organizations to manage technological disruptions, drive innovation, and create long-term value in a globally connected business environment.