Perspectives on management theory’s application in the internet of things research: Perspectives on management

The growing use of the internet of things (IoT) has provided businesses with a new
opportunity. This study performed a systematic literature review and analyzed 179
peer-reviewed empirical studies using IoT technology to uncover prone theories in
IoT implementation in business. The findings showed that Resource Dependence
Theory, Game Theory, and Contingency Theory are the most extensively employed
in research to understand better how businesses interact with their surrounding business environments. Furthermore, while Stakeholder Theory was employed in IoT
research to understand how technology supports the improvement of the business
environment, other theories such as Resource-Based View and Dynamic Capability
theories have been used in prior studies to comprehend IoT capabilities. The theoretical and practical contributions are discussed.