Abstract

The aim of the research is to identify the clear definition of digital transformation and to present a structured framework with digital transformational stages, activities and results. This research contains a literature review which is giving insight into the fundamental comprehension of digital transformation. Findings indicate that even though digital transformation is a well-known idea a method for the organized digital transformation of business models is missing. The research gives an explicit meaning of digital transformation of business models and phases for the digital transformation of business models. In addition, the paper offers the roadmap for digital transformation.

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