The Implications of Digitalization on the Firm’s Benefit Creation, Proposition and Capture

Digitalization signifies using digital technologies to boost a company’s business techniques, products and services. During your stay on island are many advantages to digitization, in addition, it poses a number of concerns.

Advantages of digitization

Digitization can improve a company’s internal techniques by eliminating manual tasks and reducing costs through automation. In addition , it can help an organization gain new clients or expand its existing customer base.

Drawbacks of digitization

A key disadvantage of digitization is the fact that digital information can be easily improved and wiped. This can lead to errors and misunderstandings.

Additionally , a company could become overly reliant on technology. This can bring about a loss in human know-how and decrease the pace of production.

The emergence with the digital overall economy has led to an elementary shift in the way companies produce and market goods and companies. In contrast to classic industries, which usually rely on high costs and labor resources for goods and providers, www.cloudycrowd.net/2020/04/01/digital-transformation-of-the-market-the-data-room-is-the-technology-1/ a digital economy operates with performance.

Hence, it is necessary to have a obvious vision with what the digitalization of a enterprise will implicate and implement it strategically.

The effects of digitalization on a firm’s value creation, proposition and capture were investigated in two distinct industries, the media and automotive industry, applying qualitative empirical data collected from 12 main informants. A conceptual setting based on dynamic features was used to body the empirical study (see Figure 1).