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/lp/emerald-publishing/digital-transformation-opportunities-to-create-new-business-models-33CZSrmnCa
- Publisher
- Emerald Publishing
- Copyright
- Copyright © 2012 Emerald Group Publishing Limited. All rights reserved.
- ISSN
- 1087-8572
- DOI
- 10.1108/10878571211209314
- Publisher site
- See Article on Publisher Site
Abstract
Purpose – According to IBM research, companies seeking opportunities in an era of constant customer connectivity focus on two complementary activities: reshaping customer value propositions and transforming their operations using digital technologies for greater customer interaction and collaboration. This paper aims to address this issue. Design/methodology/approach – The paper explains that businesses aiming to generate new customer value propositions or transform their operating models need to develop a new portfolio of capabilities for flexibility and responsiveness to fast‐changing customer requirements. Findings – The paper finds that engaging with customers at every point where value is created is what differentiates a customer‐centered business from one that simply targets customers well. Customer interaction in these areas often leads to open collaboration that accelerates innovation using online communities. Practical implications – Companies focused on fully reshaping the operating model optimize all elements of the value chain around points of customer engagement. Originality/value – The article explains how companies with a cohesive plan for integrating the digital and physical components of operations can successfully transform their business models.
Journal
Strategy & Leadership – Emerald Publishing
Published: Mar 2, 2012
Keywords: Digital enterprise transformation; Reshaping customer value propositions; Transforming operations; Customer interaction and collaboration; Operating model innovation; Business model innovation; Customer‐centric enterprise; Digitally enabled supply chain; Digital technology; Modelling
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