Digitalization is one of the key factors that develop a company’s growth. It is actually more than the removing of paper documents and employing computers to log data – it can be about making a new way of doing business that focuses on customer satisfaction, internal connection, and the circulation of information. It is about being more efficient, gaining visibility over enterprise spend and making decisions with appropriate numbers, and connecting your entire team to a common mission that drives scalable growth.
It is just a dynamic procedure that alterations the ways corporations create and capture worth in the marketplace. It may also accelerate the obsolescence of any firm’s current business model (BM). As digitalization has the potential to influence a company’s competitive standing, firms must be constantly informed of digitalization’s influence on their BMs and the adjoining business environment.
To explore the influence of digitalization on a firm’s BM, qualitative empirical info were gathered from doze interviewees working in two specific industries, automotive and information. Due to the fact that the two industries are characterized by different organization models, this kind of research design allowed for a great in-depth comparison of how digitalization impacts the building blocks of a firm’s BM.
The selection interviews revealed that in the media industry, the impact of digitalization was felt many clearly pertaining to value creation and benefit capture aspects. This was typically due to the fact https://cloudycrowd.net/2021/12/06/the-concept-of-distinctiveness-in-business-digitalization/ that the videos industry spots strong emphasis on the customer channel, thereby causing digitalization to have an early impact on the company’s BM.