Digitalization is the means of converting hard/paper files and documents in digital types. This allows data and data to be seen instantly. This makes it easier for your business to manage the operations helping to create fresh opportunities meant for revenue technology. Whether you have outdated legal systems, manual operations that can always be automated or perhaps inefficient conversation between workers and managers, business digitization can help you solve these issues and boost output.
The COVID-19 outbreak has confirmed the functional value of digitalization in public places crisis response tactics. However , digitalization is not enough to respond to ongoing risks. Instead, firms need to keep pace with turn hazards into chances through strategic responses. Because of this it is important www.cloudycrowd.net/2020/03/23/business-digitalization-implications-and-solutions/ for companies to have energetic capabilities : a combination of processes and means that enables those to adapt when confronted with disruption (George et approach. 2014; Nylen and Holmstrom 2015).
Existing research has revealed that digitalization can boost firm’s dynamic functions by raising their capacity to sense the surroundings, to seize opportunities, and also to reconfigure solutions. Moreover, these capabilities happen to be critical for firms’ ability to successfully manage open public crises. Based on these studies, this article explores the relationships between digitalization, dynamic features, and open public crisis response strategies by using a survey involving 518 SMEs in China. The results display that SMEs with high levels of digitalization have better crisis response performances than those with low-level of digitalization. Further, a qualitative research suggests that digitalization can help SMEs develop and implement immediate emergency reactions and long-term crisis operations approaches.