05 feb 2024

Organization Digitalization Implications

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Digitalization is one of the key elements that develop a company’s growth. It is more than the treatment of standard paper and applying computers to log info – it truly is about creating a new means of doing business that focuses on client satisfaction, internal connection, and the stream details. It is regarding being better, gaining visibility over organization spend and making decisions with appropriate numbers, as well as connecting your entire team to a common this article mission that drives scalable growth.

It is a dynamic process that changes the ways firms create and capture value in the marketplace. This may also accelerate the obsolescence of the firm’s current business model (BM). As digitalization has the probability of influence a company’s competitive location, firms should be constantly mindful of digitalization’s influence on their BMs and the encompassing business environment.

To explore the affect of digitalization on a firm’s BM, qualitative empirical info were collected from doze interviewees doing work in two distinctive industries, motor vehicle and marketing. Due to the fact that both industries are seen as different organization models, this research style allowed for a great in-depth a comparison of how digitalization impacts the building blocks of the firm’s BM.

The selection interviews revealed that in the media market, the impact of digitalization was felt the majority of clearly in connection with value creation and value capture factors. This was predominantly due to the fact that the news flash industry areas strong focus on the customer channel, thus causing digitalization to have an early impact on the company’s BM.

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