We conclude that the Industrial Metaverse is best defined as a “connected whole-system digital twin with functionalities to interact with the real system in its environment, allowing decision makers to better understand the past and forecast the future.” As such, the Industrial Metaverse is a further evolution of discrete digital twin technologies that already exist today (e.g., for factories or plants) but progressively extended to ultimately represent an end-to-end, real-world industrial system, including external elements outside the company and the environment within which it operates. The Industrial Metaverse thus provides a transformative tool to elevate the use of digital simulation technology to the level of strategic decision-making. This is important for dealing with the increasing complexity and accelerated pace of development company leaders face and is especially valuable for developing effective sustainable growth strategies.