Digitalization is among the key factors that contribute to a company’s growth. It is more than the removal of old fashioned paper and using computers to log data – it really is about creating a new method of doing business that focuses on client satisfaction, internal connection, and the movement details. It is about being more effective, gaining presence over provider spend and making decisions with exact numbers, and also connecting your entire team to a common https://cloudycrowd.net/2021/12/06/the-concept-of-distinctiveness-in-business-digitalization/ mission that drives worldwide growth.

It is just a dynamic method that adjustments the ways companies create and capture worth in the marketplace. Additionally, it can accelerate the obsolescence of a firm’s current business model (BM). As digitalization has the potential to influence a company’s competitive standing, firms should be constantly conscious of digitalization’s impact on their BMs and the associated with business environment.

To explore the impact of digitalization on a firm’s BM, qualitative empirical data were gathered from 12 interviewees working in two different industries, vehicle and press. Due to the fact that the two industries are characterized by different business models, this kind of research design allowed for an in-depth comparison of how digitalization impacts the inspiration of an firm’s BM.

The interviews revealed that in the media industry, the impact of digitalization was felt the majority of clearly with regards to value creation and worth capture elements. This was largely due to the fact that the multimedia industry places strong focus on the customer channel, therefore causing digitalization to have an early on impact on the company’s BM.