- February 5, 2024
- Posted by: admin
- Category: Uncategorized
Digitalization is among the key elements that contribute to a company’s growth. It can be more than the removal of traditional and applying computers to log info – it is about making a new method of doing business that focuses on client satisfaction, internal communication, and the flow info. It is about being better, gaining visibility over enterprise spend and making decisions with appropriate numbers, and connecting your entire team into a common business digitalization implications mission that drives scalable growth.
This can be a dynamic process that alterations the ways firms create and capture worth in the marketplace. It may also accelerate the obsolescence of a firm’s current business model (BM). As digitalization has the probability of influence a company’s competitive posture, firms has to be constantly informed of digitalization’s effect on their BMs and the associated with business environment.
To explore the influence of digitalization on a firm’s BM, qualitative empirical data were accumulated from doze interviewees working in two specific industries, car and media. Due to the fact that equally industries are characterized by different business models, this research style allowed for an in-depth comparison of how digitalization impacts the inspiration of an firm’s BM.
The interviews revealed that in the media sector, the impact of digitalization was felt the majority of clearly pertaining to value creation and worth capture aspects. This was predominantly due to the fact that the press industry locations strong focus on the customer channel, therefore causing digitalization to have an early impact on the company’s BM.