The Implications of Digitalization on the Firm’s Worth Creation, Proposition and Take

Digitalization indicates using digital technologies to boost a company’s business operations, products and services. During your stay on island are many positive aspects to digitization, in addition, it poses a number of problems.

Advantages of digitization

Digitization may improve a company’s internal functions by eliminating manual tasks and reducing costs through automation. Additionally , it can help a business gain new clients or increase its existing customer base.

Negatives of digitization

A key disadvantage of digitization is the fact that digital information can be easily changed and taken out. This can result in errors and misunderstandings.

In addition , a company could become overly reliant on technology. This can bring about a decrease of human abilities and decelerate production.

The emergence of the digital economic system has led to a fundamental shift in the way companies produce and market their products and companies. In contrast to classic industries, which rely on high costs and labor resources for goods and expertise, www.cloudycrowd.net/2020/03/23/business-digitalization-implications-and-solutions/ an electronic digital economy operates with performance.

Hence, it is crucial to have a distinct vision as to what the digitalization of a firm will include and put into practice it intentionally.

The ramifications of digitalization on a firm’s value creation, proposition and capture were investigated in two distinct industries, the media and automotive industry, using qualitative empirical data collected via 12 primary informants. A conceptual establishing based upon dynamic capacities was adopted to framework the empirical study (see Figure 1).