Digitalization is one of the key elements that contribute to a company’s growth. It truly is more than the treatment of paper and using computers to log info – it is about making a new method of doing business that focuses on customer satisfaction, internal interaction, and the stream www.cloudycrowd.net/2022/05/11/how-data-rooms-changed-business-communications/ details. It is about being more effective, gaining visibility over business spend and making decisions with appropriate numbers, and connecting your complete team into a common mission that drives worldwide growth.

This can be a dynamic method that changes the ways firms create and capture benefit in the marketplace. Additionally, it may accelerate the obsolescence of an firm’s current business model (BM). As digitalization has the potential to influence a company’s competitive position, firms must be constantly mindful of digitalization’s impact on their BMs and the adjacent business environment.

To explore the impression of digitalization on a firm’s BM, qualitative empirical data were accumulated from doze interviewees employed in two unique industries, motor vehicle and marketing. Due to the fact that the two industries are seen as a different business models, this kind of research design allowed for an in-depth a 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 the majority of clearly regarding value creation and benefit capture elements. This was primarily due to the fact that the media channels industry areas strong emphasis on the customer channel, thus causing digitalization to have an early on impact on the company’s BM.