Digitalization is one of the key factors that contribute to a company’s growth. It really is more than the elimination of standard paper and employing computers to log info – it truly is about building a new method of doing business that focuses on client satisfaction, internal communication, and the stream info. It is regarding being better, gaining awareness over firm spend and making decisions with exact numbers, as well as connecting your complete team to a common mission that drives international growth.

It is a dynamic procedure that adjustments the ways corporations create and capture benefit in the marketplace. It may also accelerate the obsolescence of any firm’s current business model (BM). As digitalization has the potential to influence a company’s competitive job, firms must be constantly aware of digitalization’s effect on their BMs and the nearby business environment.

To explore the impression of digitalization on a firm’s BM, qualitative empirical data were gathered from doze interviewees working in two distinct industries, vehicle and videos. Due to the fact that equally industries are seen as a different business models, this kind of research design and style allowed for a great in-depth comparison of how digitalization impacts the building blocks of your firm’s BM.

The selection interviews revealed that inside the media sector, the impact of digitalization was felt the majority of clearly with regards to value creation and value capture factors. This was primarily due to the fact check out here that the videos industry spots strong focus on the customer channel, thus causing digitalization to have an early on impact on the company’s BM.