DIGITAL TRANSFORMATION OF BUSINESS COMMUNICATIONS AS A DRIVER OF COMPANY'S INVESTMENT ATTRACTIVENESS

Keywords: management, digital transformation, business communication, investment attractiveness, innovations

Abstract

This article explores the impact of digital transformation in business communications on enhancing a company's investment attractiveness. The study underscores the importance of adapting communication strategies to align with the demands of the digital era, focusing on the role of innovative tools and technologies in building investor trust and organizational competitiveness. Key mechanisms are identified that demonstrate how digital communication contributes to fostering transparency, optimizing business processes, and expanding market reach. The research emphasizes personalized interaction, communication automation, data-driven decision-making, and reputation enhancement as core drivers of investment appeal. The methodology includes analytical approaches to evaluate the practical implications of digital tools like CRM systems, automated messaging platforms, data visualization dashboards, and social media analytics in improving communication efficiency. The findings reveal that companies implementing these technologies achieve greater operational transparency, directly influencing investor confidence. Automated solutions streamline the interaction process, enabling organizations to respond more effectively to market needs, while personalized communication strategies improve client and partner satisfaction, strengthening long-term relationships. The study also highlights the importance of data analysis in assessing the effectiveness of communication strategies. Insights derived from these analyses allow companies to adjust their approaches, ensuring alignment with organizational goals and stakeholder expectations. Furthermore, building a reputation as an innovative and forward-thinking organization significantly enhances market perception and attracts investors, particularly in competitive sectors. Practical recommendations from the research focus on helping businesses effectively utilize digital communication technologies to increase their market value, attract investments, and sustain growth in an increasingly dynamic and digitalized global economy. By adopting these tools, organizations can better position themselves to meet evolving challenges and capitalize on new opportunities. The results emphasize that a comprehensive approach to digital transformation in business communications is essential for achieving sustainable success and maintaining a competitive edge.

References

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Schneider R., Imai J. Valuing Investments in Digital Business Transformation: A Real Options Approach. Keio University, 2010.

Schwertner K. Digital transformation of business. The Journal of Supercomputing. 2017. Vol. 15. P. 388-393. DOI: 10.15547/tjs.2017.s.01.065

Sotnyk I., Zavrazhnyi K., Kasianenko V., Roubík H., Sidorov O. Investment Management of Business Digital Innovations. Marketing and Management of Innovations. 2020. Vol. 1. P. 95-109. DOI: 10.21272/mmi.2020.1-07

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Badham, M., & Luoma-aho, V. (2023). Introduction to the Handbook on Digital Corporate Communication. In V. Luoma-aho, & M. Badham (Eds.), Handbook on Digital Corporate Communication (pp. 1-16). Edward Elgar. https://doi.org/10.4337/9781802201963.00009

Brockhaus, J., Buhmann, A. and Zerfass, A. (2022), “Digitalization in corporate communications: understanding the emergence and consequences of CommTech and digital infrastructure”, Corporate Communications: An International Journal. https://doi.org/10.1108/CCIJ-03-2022-0035

Calderon-Monge, E., Ribeiro-Soriano, D. The role of digitalization in business and management: a systematic literature review. Rev Manag Sci 18, 449–491 (2024). https://doi.org/10.1007/s11846-023-00647-8

Cosa, M. (2024), "Business digital transformation: strategy adaptation, communication and future agenda", Journal of Strategy and Management, Vol. 17 No. 2, pp. 244-259. https://doi.org/10.1108/JSMA-09-2023-0233

Daynovskyy, Y., Hlinenko, L., & Poliakova, Y. (2019). Internet-communications in business digitalization strategies of services enterprises. Scientific Messenger of LNU of Veterinary Medicine and Biotechnologies. Series Economical Sciences, 21(92), 15-20. https://doi.org/10.32718/nvlvet-e9203

Muntean, Mihaela. (2022). Research on Big Data Analytics Using a Scientometric Approach. https://doi.org/10.1007/978-981-16-8866-9_7

Nesterenko., V., Miskiewicz, R., & Abazov, R. (2023). Marketing Communications in the Era of Digital Transformation. Virtual Economics, 6(1), 57-70. https://doi.org/10.34021/ve.2023.06.01(4)

Obikhod, S., Legeza, D., Nestor, V., Harvat, O. and Akhtoian, A. (2023). Digitization of Business Processes and the Impact on the Interaction of Business Entities. Econ. Aff., 68(01s): 115- 121. https://doi.org/10.46852/0424-2513.1s.2023.14

Patrutiu-Baltes, L. (2016). The impact of digitalization on business communication. SEA–Practical Application of Science, 4(11), 319-325.

Rachinger, M., Rauter, R., Müller, C., Vorraber, W. and Schirgi, E. (2019), "Digitalization and its influence on business model innovation", Journal of Manufacturing Technology Management, Vol. 30 No. 8, pp. 1143-1160. https://doi.org/10.1108/JMTM-01-2018-0020

Sachdeva, S., & Wadera, D. (2023). Digital transformation of human resources communication: a comprehensive review. Journal of Philanthropy and Marketing, 3(1).

Schneider, R., & Imai, J. (2010). Valuing Investments in Digital Business Transformation: A Real Options Approach. Keio University.

Schwertner, K. (2017). Digital transformation of business. The Journal of Supercomputing, 15, 388-393. https://doi.org/10.15547/tjs.2017.s.01.065

Sotnyk, I., Zavrazhnyi, K., Kasianenko, V., Roubík H. & Sidorov O. (2020). Investment Management of Business Digital Innovations. Marketing and Management of Innovations, 1, 95-109. http://doi.org/10.21272/mmi.2020.1-07

YoungKi Park, Omar A. El Sawy, Taeho Hong. (2020). Digital Transformation to Real-Time Enterprise to Sustain Competitive Advantage in the Digitized World: The Role of Business Intelligence and Communication Systems. Korea Business Review, 24, 105-130. https://doi.org/10.17287/kbr.2020.24.0.105

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Published
2024-11-25
How to Cite
Lytvynenko, P., Khlebynska, O., & Lytvynenko, N. (2024). DIGITAL TRANSFORMATION OF BUSINESS COMMUNICATIONS AS A DRIVER OF COMPANY’S INVESTMENT ATTRACTIVENESS. Economy and Society, (69). https://doi.org/10.32782/2524-0072/2024-69-123
Section
MANAGEMENT