Digitalization is among the key factors that develop a company’s growth. It truly is more than the eradication of magazine and employing computers to log data – it is actually about building a new method of doing business that focuses on customer satisfaction, internal communication, and the flow info. It is regarding being more efficient, gaining awareness over enterprise spend and making decisions with correct numbers, along with connecting your complete team to a common mission that drives international growth.
It is just a dynamic procedure that alterations the ways firms create and capture benefit in the marketplace. It can possibly accelerate the obsolescence of an firm’s current business model (BM). As digitalization has the probability of influence a company’s competitive location, firms should be constantly aware www.cloudycrowd.net/2019/12/06/digitalization-of-a-business-and-its-consequences/ of digitalization’s influence on their BMs and the around business environment.
To explore the result of digitalization on a firm’s BM, qualitative empirical info were collected from 12 interviewees working in two distinct industries, automobile and videos. Due to the fact that the two industries are characterized by different organization models, this research design allowed for a great 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 aspects. This was generally due to the fact that the information industry locations strong emphasis on the customer channel, thereby causing digitalization to have an early impact on the company’s BM.