Digitalization is among the key factors that bring about a company’s growth. It is more than the reduction of magazine and applying computers to log data – it truly is about creating a new means of doing business that focuses on client satisfaction, internal interaction, and the movement details. It is about being more efficient, gaining awareness over business spend and making decisions with exact numbers, and also connecting your complete team into a common mission that drives international growth.
It is a dynamic method that improvements the ways companies create and capture benefit in the marketplace. It may also accelerate the obsolescence of your firm’s current business model (BM). As digitalization has the probability of influence a company’s www.cloudycrowd.net/2019/12/06/digitalization-of-a-business-and-its-consequences/ competitive standing, firms should be constantly informed of digitalization’s influence on their BMs and the neighboring business environment.
To explore the effect of digitalization on a firm’s BM, qualitative empirical data were accumulated from 12 interviewees doing work in two distinctive industries, vehicle and marketing. Due to the fact that both industries are characterized by different business models, this research style allowed for an in-depth a comparison of how digitalization impacts the building blocks of your firm’s BM.
The interviews revealed that inside the media industry, the impact of digitalization was felt the majority of clearly regarding value creation and worth capture elements. This was typically due to the fact that the news flash industry places strong focus on the customer channel, thereby causing digitalization to have an early impact on the company’s BM.
