Digitalization is among the key elements that contribute to a company’s growth. It is actually more than the removal of traditional and using computers to log data – it is about building a new method of doing business that focuses on client satisfaction, internal interaction, and the flow details. It is regarding being more efficient, gaining awareness over provider spend and making decisions with correct numbers, and connecting your entire team into a common mission that drives worldwide growth.
It is just a dynamic process that improvements the ways businesses create and capture worth in the marketplace. It can possibly accelerate the obsolescence of a firm’s current business model (BM). As digitalization has the probability of influence a company’s competitive posture, firms must be constantly informed of digitalization’s effect on their BMs and the encircling business environment.
To explore the effects of digitalization on a firm’s BM, qualitative empirical info were accumulated from 12 interviewees employed in two particular industries, automobile and videos. Due to the fact that both industries are seen as different organization models, this research design allowed for an in-depth comparison of how digitalization impacts the building blocks of your firm’s BM.
The interviews revealed that inside the media sector, the impact of digitalization was felt many clearly in relation to value creation and value capture elements. This was generally due to the fact data rooms that the media industry areas strong emphasis on the customer channel, therefore causing digitalization to have an early impact on the company’s BM.