Diversification in the World of Data and AI by Gianvito Lanzolla

Diversification in the World of Data and AI by Gianvito Lanzolla

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Summary

Building on field research and the existing literature on digitalization and diversification, this Element shows how external technological and market changes influence the extent and type of diversification that firms can now undertake. It argues that to succeed with digital diversification, new capabilities are needed.

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Diversification in the World of Data and AI by Gianvito Lanzolla

The datafication of digital reality and the diffusion of increasingly powerful AI systems have transformed the context within which diversification takes place, resulting in new realities for firms and necessitating new organizational capabilities. Building on their own field research and the existing literature on digitalization and diversification, the authors show how external technological and market changes influence the extent and type of diversification that firms can undertake. They argue that to succeed with digital diversification, new capabilities are needed and that these capabilities are not distributed evenly across firms. Only firms that possess these capabilities will undertake more diversification, with all other firms remaining focused. The authors finally argue that the necessary structures and the appropriate management of business units will differ from those used in the past because the digital context has brought to the fore new problems and risks for diversified firms. These are explored in this Element.
SKU Unavailable
ISBN 13 9781009515849
ISBN 10 1009515845
Title Diversification in the World of Data and AI
Author Gianvito Lanzolla
Series Elements In Business Strategy
Condition Unavailable
Binding Type Paperback
Publisher Cambridge University Press
Year published 2025-06-30
Number of pages 75
Cover note Book picture is for illustrative purposes only, actual binding, cover or edition may vary.