Digitalization is one of the key factors that bring about a company’s growth. It can be more than the treatment of old fashioned paper and using computers to log data – it can be about making a new technique of doing business that focuses on client satisfaction, internal interaction, and the flow details. It is regarding being more effective, gaining awareness over company spend and making decisions with appropriate numbers, and also connecting your complete team into a common mission that drives worldwide growth.
This can be a dynamic procedure that changes the ways firms create and capture value in the marketplace. It can also accelerate the obsolescence of your firm’s current business model (BM). As digitalization has the probability of influence a company’s competitive posture, firms has to be constantly aware of digitalization’s impact on their BMs and the bordering business environment.
To explore the effect of digitalization on a firm’s BM, qualitative empirical data were accumulated from 12 interviewees doing work in two particular industries, car and media. Due to the fact that both industries are characterized by different organization models, this research design allowed for an in-depth comparison of how digitalization impacts the inspiration of an firm’s BM.
The selection interviews revealed that inside the media market, the impact of digitalization was felt most clearly regarding value creation and value capture factors. This was chiefly due to the fact https://cloudycrowd.net/2020/03/23/business-digitalization-implications-and-solutions/ that the multimedia industry locations strong emphasis on the customer channel, thereby causing digitalization to have an early impact on the company’s BM.