Digitalization is among the key factors that lead to a company’s growth. It really is more than the reduction of newspaper and applying computers to log data – it can be about making a new means of doing business that focuses on client satisfaction, internal connection, and the flow of information. It is about being better, gaining awareness over business spend and making decisions with correct numbers, along with connecting your complete team to a common mission that drives international growth.
It is a dynamic procedure that improvements the ways corporations create and capture value in the marketplace. Additionally, it can accelerate the obsolescence of an firm’s current business model (BM). As digitalization has the potential to influence a company’s competitive spot, firms must be constantly aware of digitalization’s influence on their BMs and the encircling business environment.
To explore the impression of digitalization on a firm’s BM, qualitative empirical data were accumulated from 12 interviewees working in two particular industries, vehicle and media channels. Due to the fact that the two industries are seen as different business models, this research style allowed for a great in-depth a comparison of how digitalization impacts the building blocks https://cloudycrowd.net/2021/12/06/4-types-of-innovative-business-models/ of an firm’s BM.
The selection interviews revealed that inside the media industry, the impact of digitalization was felt the majority of clearly in relation to value creation and benefit capture aspects. This was principally due to the fact that the press industry spots strong emphasis on the customer channel, therefore causing digitalization to have an early on impact on the company’s BM.
