Title The impact of digitalization on business model innovation in lithuanian energy sector companies /
Translation of Title Skaitmenizacijos poveikis Lietuvos energetikos sektoriaus įmonių verslo modelių inovacijoms.
Authors Šeškauskaitė, Rūta
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Pages 86
Keywords [eng] LT: verslo modelių inovacijos, skaitmenizacija, atsinaujinanti energija, tvarumas, naujos technologijos EN: business model innovation, digitalisation, renewable energy, sustainability, new technologies
Abstract [eng] 67 pages, 26 tables, 18 figures, 99 references. The purpose of this thesis is to analyse how digitalisation enables Lithuanian energy sector companies to innovate business models and its effect on overall performance. The Master thesis consists of literature analysis, research methodology and its results, conclusions and recommendations. The literature analysis reviews main aspects of business model innovation, presents main findings of research performed in the energy sector and outlines the main current focus which is renewable energy and sustainability, possible to achieve only with the help of new technology. Experts of Lithuanian energy sector companies were asked questions about how firms undergo business model innovation while taking digitalisation as one of the main aspects of a modern organisational design in order to perform empirical research. Findings show that the most important thing is strategy, which is often set by Lithuanian government, and it impacts the way companies work and the energy market operates. In order to become more autonomous in energy, Lithuania allowed energy consumers to become producers of renewable energy, which created additional challenges for existing companies. The conclusions and recommendations outline the findings from literature review as well as empirical research and suggest how businesses might deal with long-term business model innovation by redesigning the traditional organisational architecture. The author believes that this thesis could be used as guidelines for Lithuanian energy sector companies to improve.
Dissertation Institution Vilniaus universitetas.
Type Master thesis
Language English
Publication date 2022