Digitalization is the procedure for converting hard/paper files and documents into digital forms. This allows info and facts to be seen instantly. This will make it easier for businesses to manage their very own operations helping to create new opportunities intended for revenue technology. Whether you have outdated legal systems, manual operations that can end up being automated or inefficient connection between personnel and managers, business digitization can help you solve these issues and boost productivity.
The COVID-19 outbreak proven the functional value of digitalization in public areas crisis https://cloudycrowd.net/2022/05/11/how-data-rooms-changed-business-communications/ response strategies. However , digitalization is there are not enough to respond to ongoing dangers. Instead, organizations need to keep pace with turn dangers into opportunities through ideal responses. This is why it is important for organizations to have powerful capabilities ~ a combination of processes and resources that enables those to adapt in the face of disruption (George et al. 2014; Nylen and Holmstrom 2015).
Existing research has found that digitalization can increase firm’s vibrant capacities by raising their capability to sense the environment, to seize opportunities, and to reconfigure assets. Moreover, these kinds of capabilities are critical for firms’ ability to efficiently manage community crises. Based upon these findings, this article is exploring the relationships between digitalization, dynamic capacities, and open public crisis response strategies by using a survey involving 518 SMEs in China. The results demonstrate that SMEs with increased 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 initial emergency responses and long lasting crisis administration approaches.
