Digitalization is among the key factors that develop a company’s growth. It is actually more than the removal of magazine and employing computers to log data – it really is about making a new way of doing business that focuses on client satisfaction, internal conversation, and the stream info. It is regarding being more efficient, gaining visibility over provider spend and making decisions with appropriate numbers, and connecting your entire team into a common mission that drives worldwide growth.
It is a dynamic procedure that changes the ways corporations create and capture benefit in the marketplace. Additionally, it may accelerate the obsolescence of your firm’s current business model (BM). As digitalization has the potential to influence a company’s competitive standing, firms should be constantly informed of digitalization’s impact on their BMs and the around business environment.
To explore the impact of digitalization on a firm’s BM, qualitative empirical info were collected from doze interviewees working in two distinct industries, automotive and marketing. Due to the fact that the two industries are characterized by different business models, this kind of research design allowed for an in-depth a comparison of how digitalization impacts the building blocks of any firm’s BM.
The interviews revealed that in the media sector, the impact of digitalization was felt most clearly in connection with value creation and worth capture factors. This was chiefly due to the fact that the information industry locations strong emphasis on the customer https://cloudycrowd.net/2019/12/06/digitalization-of-a-business-and-its-consequences/ channel, therefore causing digitalization to have an early impact on the company’s BM.