Digitalization is among the key elements that play a role in a company’s growth. It can be more than the treatment of paper and applying computers to log data – it is actually about building a new way of doing business that focuses on customer satisfaction, internal interaction, and the flow info. It is about being more effective, gaining presence over provider spend and making decisions with correct numbers, as well as connecting your entire team into a common mission that drives international growth.
It is just a dynamic process that changes the ways corporations create and capture value in the marketplace. It may also accelerate the obsolescence of a firm’s current business model (BM). As digitalization has the potential to influence a company’s competitive situation, firms must be constantly mindful of digitalization’s effect on their BMs and the neighboring business environment.
To explore the effects of digitalization on a firm’s BM, qualitative empirical info were collected from 12 interviewees working in two distinctive industries, motor vehicle and media. Due to the fact that both equally industries are seen as a different organization models, this research style allowed for an in-depth a comparison of how digitalization impacts the inspiration of the firm’s BM.
The selection interviews revealed that in the media sector, the impact of digitalization was felt the majority of clearly in terms of value creation and worth capture factors. This was for the most part due to the fact www.cloudycrowd.net/2021/12/06/4-types-of-innovative-business-models/ that the videos industry locations strong focus on the customer channel, thereby causing digitalization to have an early on impact on the company’s BM.