Digitalization is one of the key factors that bring about a company’s growth. It is actually more than the eradication of standard paper and employing computers to log info – it truly is about building a new way of doing business that focuses on client satisfaction, internal conversation, and the stream details. It is regarding being better, gaining awareness over organization spend and making decisions with accurate numbers, and connecting your complete team into a common mission that drives scalable growth.
It is a dynamic process that alterations the ways companies create and capture value in the marketplace. Additionally, it can accelerate the obsolescence of the firm’s current business model (BM). As digitalization has the potential to influence a company’s competitive position, firms has to be constantly mindful of digitalization’s influence on their BMs and the nearby business environment.
To explore the impression of digitalization on a firm’s BM, qualitative empirical data were gathered from doze interviewees working in two specific industries, motor vehicle and media. Due to the fact that the two industries are seen as a different organization models, this kind of research style allowed for an in-depth comparison of how digitalization impacts the inspiration of a firm’s BM.
The selection interviews revealed that inside the media market, the impact of digitalization was felt many clearly with regards to value creation and benefit capture elements. This was generally due to the fact https://cloudycrowd.net/2021/12/06/4-types-of-innovative-business-models/ that the press industry spots strong focus on the customer channel, thereby causing digitalization to have an early impact on the company’s BM.
