Digitalization is among the key factors that contribute to a company’s growth. It truly is more than the treatment of old fashioned paper and using computers to log data – it can be about creating a new method of doing business that focuses on customer satisfaction, internal conversation, and the flow details. It is regarding being more efficient, gaining visibility over provider spend and making decisions with accurate numbers, and connecting your complete team into a common mission that drives international growth.
It is a dynamic method that changes the ways companies create and capture value in the marketplace. This may also accelerate the obsolescence of an firm’s current business model (BM). As digitalization has the potential to influence a company’s check out here competitive situation, firms should be constantly conscious of digitalization’s effect on their BMs and the encompassing business environment.
To explore the effects of digitalization on a firm’s BM, qualitative empirical info were accumulated from 12 interviewees working in two distinctive industries, motor vehicle and information. Due to the fact that the two industries are seen as different organization models, this research design allowed for a great in-depth comparison of how digitalization impacts the inspiration of the firm’s BM.
The interviews revealed that in the media market, the impact of digitalization was felt many clearly pertaining to value creation and benefit capture elements. This was mainly due to the fact that the multimedia industry spots strong emphasis on the customer channel, therefore causing digitalization to have an early on impact on the company’s BM.