Impact of IoT and Recource Based View on Digital Business: The Role of Strategic Thinking Leadership

A key factor in the success of digital businesses is strategic leadership. Organizational operations and competitiveness have been revolutionized by digital technology, and strategic leaders must manage this quickly changing environment to stay ahead of the competition. A clear vision, goals, and priorities, a solid team, a culture of innovation and agility, and constant adaptation to technological and market changes are all necessary for effective strategic leadership in the digital sphere. Businesses can acquire a competitive edge, boost productivity and efficiency, and promote growth and profitability by utilizing digital technologies and strategic leadership to direct their operations. In order to assess the business digitalization with influence of strategic leadership through mediating role of IoT and resource based view, this study was aimed to examine empirically the factors affecting digital business in banking sector in Dubai UAE. 214 managerial level employee responses from 66 banks (with branches) were incorporated to investigate the study construct with empirical evidence. The data were evaluated through SmartPLS software, by measuring validity, reliability and hypothesis testing through PLS-SEM. The results indicated a significant impact of strategic thinking leadership on digital business with mediating effect of IoT and RBV.