Business & IT

Developing a Digital Strategy to Enhance Business Competitiveness

19 February 2026 10 min read 4 views
Developing a Digital Strategy to Enhance Business Competitiveness

Introducing Digital Strategy

A digital strategy is a plan designed to achieve business objectives through the use of digital technology. This strategy must be tailored to the needs and goals of the business and must be measurable and analyzable.

Benefits of Digital Strategy

  • Improving operational efficiency
  • Developing customer experience
  • Increasing sales and revenue

Developing a Digital Strategy

To develop a digital strategy, companies must conduct internal and external analysis. Internal analysis includes analyzing the company's strengths, weaknesses, opportunities, and threats (SWOT). External analysis includes analyzing the market, competitors, and customers.

Steps to Develop a Digital Strategy

  1. Set business objectives and targets
  2. Conduct internal and external analysis
  3. Identify customer needs and preferences
  4. Choose the right technology and platform
  5. Create an action plan and implementation

Conclusion

Developing an effective digital strategy can help companies increase competitiveness and maintain a competitive edge in the market. By conducting internal and external analysis and choosing the right technology and platform, companies can achieve their business objectives and targets.

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digital strategy business technology
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