Strategizing three forms of growth: Lessons from Finland on flexibly scaling digitalization for company growth

Abstract

Purpose

This paper aims to review the latest management developments across the globe and pinpoint practical implications from cutting-edge research and case studies.

Design/methodology/approach

This briefing is prepared by an independent writer who adds their own impartial comments and places the articles in context.

Findings

This research paper concentrates on the relationship between company growth and digitalization, as measured in six growth companies in Finland. Growth was compartmentalized into three phases: pre-factors of growth, growth as a process, and growth as an outcome. Maintaining strategic flexibility powerfully facilitates digitalization. The companies generally integrated digitalization into the processes they built, creating a product and service platform from which they could reliably scale. Leaders in digital product-driven companies are encouraged by the study's authors to invest in and promote a culture of continual learning, so that their teams don't lose their instinct to keep innovating to achieve competitive advantages.

Originality/value

The briefing saves busy executives, strategists and researchers hours of reading time by selecting only the very best, most pertinent information and presenting it in a condensed and easy-to-digest format.

Citation

(2022), "Strategizing three forms of growth: Lessons from Finland on flexibly scaling digitalization for company growth", Strategic Direction, Vol. 38 No. 2, pp. 6-8. https://doi.org/10.1108/SD-11-2021-0151