Digitalization is among the key elements that play a role in a company’s growth. It is more than the removal of paper and employing computers to log info – it is about building a new way of doing business that focuses on client satisfaction, internal conversation, and the movement info. It is regarding being better, gaining awareness over firm spend and making decisions with appropriate numbers, along with connecting your entire team into a common mission that drives worldwide growth.
This can be a dynamic procedure that adjustments the ways corporations create and capture worth in the marketplace. It may also accelerate the obsolescence of the firm’s current business model (BM). As digitalization has the potential to influence a company’s www.cloudycrowd.net/2021/12/06/4-types-of-innovative-business-models/ competitive posture, firms must be constantly mindful of digitalization’s impact on their BMs and the adjoining business environment.
To explore the result of digitalization on a firm’s BM, qualitative empirical data were collected from 12 interviewees employed in two particular industries, automotive and videos. Due to the fact that both industries are seen as different organization models, this kind of research design and style allowed for an in-depth comparison of how digitalization impacts the building blocks of your firm’s BM.
The interviews revealed that in the media industry, the impact of digitalization was felt most clearly in terms of value creation and value capture elements. This was mainly due to the fact that the videos industry areas strong focus on the customer channel, thus causing digitalization to have an early impact on the company’s BM.
