Digitalization is one of the key factors that lead to a company’s growth. It truly is more than the elimination of newspaper and applying computers to log data – it is about building a new method of doing business that focuses on customer satisfaction, internal communication, and the movement of information. It is regarding being better, gaining presence over organization spend and making decisions with exact numbers, as well as connecting your complete team to a common mission that drives worldwide growth.
It is just a dynamic procedure that alterations the ways companies create and capture benefit in the marketplace. It can possibly accelerate the obsolescence of a firm’s current business model (BM). As digitalization has the potential to influence a company’s competitive position, firms must be constantly aware of digitalization’s influence on their BMs and the bordering business environment.
To explore the result of digitalization on a firm’s BM, qualitative empirical data were collected from 12 interviewees employed in two specific industries, vehicle and press. Due to the fact that both industries https://cloudycrowd.net/2019/12/06/digitalization-of-a-business-and-its-consequences/ are characterized by different organization models, this research design and style allowed for an in-depth a comparison of how digitalization impacts the inspiration of any firm’s BM.
The interviews revealed that inside the media market, the impact of digitalization was felt many clearly with regards to value creation and benefit capture factors. This was principally due to the fact that the press industry locations strong focus on the customer channel, thus causing digitalization to have an early impact on the company’s BM.