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Digital Entrepreneurship - Impact on Business and Society
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digital organisations (Kane et al. 2017). The Digital Maturity Model provides a useful indication of how organisations should systematically prepare to continu- ously adapt to ongoing digital change. 4 Examples fromPractice/Case Studies 4.1 Domino’s:EmbracingDigitalTechnologytoDifferentiate in aHighly CompetitiveMarket Domino’s is an American multinational pizza takeaway chain. Domino’s has a tremendous and proven track record of success. In 2018, its franchised and cor- porate stores generated $13.5 billion in global retail sales, which is an increase of $5.5 billionper annumfromfiveyears ago.Domino’s operated16,500 stores in85 countries in 2018, having operated approximately 8500 in 2008 (Domino’s 2018). Domino’s is an excellent example of a business that has experienced explosive growth due to embracing aDEMandprioritising digital technology to differentiate itself in a highly competitive market. Over the last few years, the company has faced the challenges of standingout in a crowdedmarket and appealing to the new breed of digital-age consumers. To copewith this challenge, Domino’s decided to leverage technology to transform the pizza-ordering experience and to build a highly available, scalable and secure ITbackbone to support digital transformation. In 2012, the company decided to design a new strategy to strive for hyper-convenient pizza ordering. The new mindset was to become the most accessiblepizzadelivery service and, thus, standout from theovercrowdedmarket. By using a digital entrepreneurial approach, the company was able to connect Fig. 2 Dimensions of aDigitalMaturityModel 16 M. Soltanifar and E. Smailhodžić
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Digital Entrepreneurship Impact on Business and Society
Titel
Digital Entrepreneurship
Untertitel
Impact on Business and Society
Autoren
Mariusz Soltanifar
Mathew Hughes
Lutz Göcke
Verlag
Springer Verlag
Ort
Cham
Datum
2021
Sprache
englisch
Lizenz
CC BY 4.0
ISBN
978-3-030-53914-6
Abmessungen
16.0 x 24.0 cm
Seiten
340
Schlagwörter
Entrepreneurship, IT in Business, Innovation/Technology Management, Business and Management, Open Access, Digital transformation and entrepreneurship, ICT based business models
Kategorie
International
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Digital Entrepreneurship