Digitalization innovative business models is the process of converting hard/paper files and documents in digital platforms. This allows info and details to be seen instantly. This will make it easier for businesses to manage their particular operations helping to create fresh opportunities for the purpose of revenue technology. Whether you have outdated legal systems, manual operations that may always be automated or inefficient interaction between workers and managers, business digitization can help you fix these issues and boost output.

The COVID-19 outbreak revealed the sensible value of digitalization in public crisis response strategies. However , digitalization is there are not enough to respond to ongoing dangers. Instead, organizations need to seek to turn hazards into options through proper responses. Its for these reasons it is important for organizations to have powerful capabilities : a combination of processes and information that enables those to adapt when confronted with disruption (George et ‘s. 2014; Nylen and Holmstrom 2015).

Existing research has revealed that digitalization can improve firm’s strong capacities by increasing their capacity to sense the surroundings, to seize opportunities, and also to reconfigure methods. Moreover, these capabilities will be critical for firms’ ability to effectively manage community crises. Depending on these findings, this article explores the associations between digitalization, dynamic capacities, and people crisis response strategies employing a survey involving 518 SMEs in China. The results demonstrate that SMEs with big levels of digitalization have better crisis response performances than patients with low-level of digitalization. Further, a qualitative examination suggests that digitalization can help SMEs develop and implement short-term emergency reactions and long-term crisis management approaches.