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Going Digital: Implications for Firm Value and Performance

Going Digital: Implications for Firm Value and Performance gqWbO
During the start of the industrial revolution to the end of the 19th century all businesses were mainly focused on human intensive labour for growth, success, efficiency and productivity  to achieve their long term aim and all entrepreneurial  goals along the way. But a change in this mindset was introduced at the start of 1990, s as the world was moving towards more better options to cater business objectives in terms of minimizing failures of risk and achieving goals of the company in a more productive and efficient way. Thus, The introduction of IT or a way for the business world to move towards a different path which is known as the digitisation. From the start of the era of the internet which gave multiple platforms to other startups to take a risk for investment in IT, such as the likes of Apple, Microsoft, Google, facebook and others opportunistics startups. Which have been rewarded handsomely by becoming global giants in today's digital business market with valuations of above trillion dollars valuations. The world in today's century is becoming more globalized day by day and now it is not a want but necessity for any business whether startup, small or established to adopt and invest in IT for efficient productivity and risk taking ability to guarantee more chances of being competitive or successfull in this highly demanding market.   According to multiple research studies that a firm's market value  goes above 18 to 20% which are highly investing large sums on capital on digitisation, research and development compared to others which don't follow the same route as it is estimated that the chances of these firms future performance and high returns increases with adapting to digitisation approach. However, It is easy for large established firms with vast numbers of resources to invest huge amounts in IT compared to small firms or businesses passing the survival stage and are reluctant to waste their capital and take a risk to dry out their cash flows in order to cater to this costly approach. Which means it would be hard for these businesses to survive and compete with these monopolistic companies in and are at high risk of being driven out of the market. Another alarming concern for firms to adapt to this approach is to know whether their human labour is capable of handling these kind of technologies, As if the firm's labour is used to the old ways of working before digitisation took place in such a large scale that means firm's will have to invest more in training their employees to learn the ways of using the digital equipment. This approach could also lead to unemployment increasing in economies which we are getting used to nowadays as multiple companies are preferring capital intensive approaches compared to labour intensive. In the long term maybe these businesses can achieve high performance and growth but in the short team they will have to incur high cost worth of billions of dollars for investment in digitisation and will have to cover it up with topping their sales chart and going towards unrealistic goals which can put the company under pressure or can get into a huge debt which could lead towards bankruptcy. Lastly, This is no excuse in any way for giving up on digitisation as the world is becoming more competitive day by day and in order to compete at a high level and maintain your place in this market change has to be adopted no matter how risky or daring it is. So, Companies have to be more strategic and plan out their approach thoroughly by taking into account their decisions and consequences this will cause in the long term and short term. As this will handle these businesses to deal with any problem arising intelligently and provide solutions in a more efficient way before reaching their desired valuation and performance when digitisation has fully become an integrated part of their firm.
During the
This phrase/word (depending on the context) can be potentially replaced with :
start
of the industrial revolution to the
This phrase/word (depending on the context) can be potentially replaced with :
end
of the 19th century all
You use this word too often, consider replacing it with
businesses
were
mainly
focused on human intensive
Possible spelling mistake. 'labour' is British English.
labour
for growth, success, efficiency and productivity
Possible typo: you repeated a whitespace
 
to achieve their long
You use this word too often, consider replacing it with
term
aim and all entrepreneurial
Possible typo: you repeated a whitespace
 
goals along the
You use this word too often, consider replacing it with
way
.
This phrase/word is too simple and can be replaced with:
But
a
This phrase/word (depending on the context) can be potentially replaced with :
change
in this mindset
was introduced
at the
This phrase/word (depending on the context) can be potentially replaced with :
start
of 1990, s as the
You use this word too often, consider replacing it with
world
was moving towards
Use only "better" (without 'more') when you use the comparative.
more better
options to cater
You use this word too often, consider replacing it with
business
objectives in terms of minimizing failures of
You use this word too often, consider replacing it with
risk
and achieving goals of the
You use this word too often, consider replacing it with
company
in a more productive and efficient way.
Thus
, The introduction of IT or a
You use this word too often, consider replacing it with
way
for the
You use this word too often, consider replacing it with
business
You use this word too often, consider replacing it with
world
to
This phrase/word (depending on the context) can be potentially replaced with :
move
towards a
This phrase/word is too simple and can be replaced with:
different
path which 
is known
as the
Possible spelling mistake. 'digitisation' is British English.
digitisation
. From the
This phrase/word (depending on the context) can be potentially replaced with :
start
of the era of the internet which gave multiple platforms to other startups to take a
You use this word too often, consider replacing it with
risk
for investment in IT, such as the likes of Apple, Microsoft, Google,
Possible spelling mistake found.
facebook
This phrase/word is too simple and can be replaced with:
and others
Possible spelling mistake found.
opportunistics
startups.
“Which” at the beginning of a sentence usually requires a 2nd clause. Maybe a comma, question or exclamation mark is missing, or the sentence is incomplete and should be joined with the following sentence.
Which
have
been rewarded
handsomely
by becoming global giants in
This phrase/word (depending on the context) can be potentially replaced with :
today
's digital
You use this word too often, consider replacing it with
business
You use this word too often, consider replacing it with
market
with valuations of above trillion dollars valuations.

The
You use this word too often, consider replacing it with
world
in
This phrase/word (depending on the context) can be potentially replaced with :
today
's century is becoming more globalized day by day and
This phrase/word (depending on the context) can be potentially replaced with :
now
it is not a want
This phrase/word is too simple and can be replaced with:
but
necessity for any
You use this word too often, consider replacing it with
business
whether startup,
This phrase/word is too simple and can be replaced with:
small
or established to adopt and invest in IT for efficient productivity and
You use this word too often, consider replacing it with
risk
taking ability to guarantee more chances of being competitive or
Possible spelling mistake found.
successfull
in this
highly
demanding
You use this word too often, consider replacing it with
market
.
Possible typo: you repeated a whitespace
 
According to multiple research studies that a firm's
You use this word too often, consider replacing it with
market
value
Possible typo: you repeated a whitespace
 
goes above 18 to 20% which are
highly
investing large sums on capital on
Possible spelling mistake. 'digitisation' is British English.
digitisation
, research and development compared to others which don't follow the same route as it
is estimated
that the chances of these
You use this word too often, consider replacing it with
firms
future performance and
You use this word too often, consider replacing it with
high
returns increases with adapting to
Possible spelling mistake. 'digitisation' is British English.
digitisation
You use this word too often, consider replacing it with
approach
.
However
, It is easy for large established
You use this word too often, consider replacing it with
firms
with vast numbers of resources to invest huge amounts in IT compared to
This phrase/word is too simple and can be replaced with:
small
You use this word too often, consider replacing it with
firms
or
You use this word too often, consider replacing it with
businesses
passing the survival stage and are reluctant to waste their capital and take a
You use this word too often, consider replacing it with
risk
to dry out their cash flows in order to cater to this costly
You use this word too often, consider replacing it with
approach
. Which means it would be
This phrase/word (depending on the context) can be potentially replaced with :
hard
for these
You use this word too often, consider replacing it with
businesses
to survive and compete with these monopolistic 
This phrase/word (depending on the context) can be potentially replaced with :
companies
in and are at
You use this word too often, consider replacing it with
high
You use this word too often, consider replacing it with
risk
of
being driven
out of the
You use this word too often, consider replacing it with
market
. Another alarming concern for
You use this word too often, consider replacing it with
firms
to adapt to this
You use this word too often, consider replacing it with
approach
is to know whether their human
Possible spelling mistake. 'labour' is British English.
labour
is capable of handling
Did you mean "this kind" or "these kinds"?
these kind
of technologies, As if the firm's
Possible spelling mistake. 'labour' is British English.
labour
is
This phrase/word (depending on the context) can be potentially replaced with :
used
to the
This phrase/word is too simple and can be replaced with:
old
You use this word too often, consider replacing it with
ways
of working
This phrase/word is too simple and can be replaced with:
before
Possible spelling mistake. 'digitisation' is British English.
digitisation
took place in such a large scale that means firm's will
This phrase/word is too simple and can be replaced with:
have to
invest more in training their employees to learn the
You use this word too often, consider replacing it with
ways
of using the digital equipment. This
You use this word too often, consider replacing it with
approach
could
also
lead to unemployment increasing in economies which we are getting
This phrase/word (depending on the context) can be potentially replaced with :
used
to nowadays as multiple
You use this word too often, consider replacing it with
companies
The verb 'preferring' is a stative verb and sometimes the progressive form is not correct. Try a simple form instead.
are preferring
 capital intensive
You use this word too often, consider replacing it with
approaches
compared to
This word is normally spelled with hyphen.
labour intensive
. In the long
You use this word too often, consider replacing it with
term
maybe these
You use this word too often, consider replacing it with
businesses
can achieve
You use this word too often, consider replacing it with
high
performance and growth
This phrase/word is too simple and can be replaced with:
but
in the short team they will
This phrase/word is too simple and can be replaced with:
have to
incur high cost worth of billions of dollars for investment in
Possible spelling mistake. 'digitisation' is British English.
digitisation
 and will
This phrase/word is too simple and can be replaced with:
have to
cover it up with topping their sales chart and going towards unrealistic goals which can put the
You use this word too often, consider replacing it with
company
under pressure or can
This phrase/word (depending on the context) can be potentially replaced with :
get
into a huge debt which could lead towards bankruptcy.

Lastly
, This is no excuse in any
You use this word too often, consider replacing it with
way
for giving up on
Possible spelling mistake. 'digitisation' is British English.
digitisation
as the
You use this word too often, consider replacing it with
world
is becoming more competitive day by day and in order to compete at a
You use this word too often, consider replacing it with
high
level and maintain your place in this
You use this word too often, consider replacing it with
market
This phrase/word (depending on the context) can be potentially replaced with :
change
This phrase/word is too simple and can be replaced with:
has to
be adopted
no matter how risky or daring it is.
This phrase/word is too simple and can be replaced with:
So
,
You use this word too often, consider replacing it with
Companies
This phrase/word is too simple and can be replaced with:
have to
be more strategic and plan out their
You use this word too often, consider replacing it with
approach
thoroughly
by taking into account their decisions and consequences this will cause in the long
You use this word too often, consider replacing it with
term
and short
You use this word too often, consider replacing it with
term
. As this will handle these
You use this word too often, consider replacing it with
businesses
to deal with any problem arising
intelligently
and provide solutions in a more efficient way
This phrase/word is too simple and can be replaced with:
before
reaching their desired valuation and performance when
Possible spelling mistake. 'digitisation' is British English.
digitisation
has
fully
become an integrated part of their
You use this word too often, consider replacing it with
firm
.
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IELTS essay Going Digital: Implications for Firm Value and Performance

Essay
  American English
3 paragraphs
643 words
5.5
Overall Band Score
Coherence and Cohesion: 5.5
  • Structure your answers in logical paragraphs
  • ?
    One main idea per paragraph
  • Include an introduction and conclusion
  • Support main points with an explanation and then an example
  • Use cohesive linking words accurately and appropriately
  • Vary your linking phrases using synonyms
Lexical Resource: 5.0
  • Try to vary your vocabulary using accurate synonyms
  • Use less common question specific words that accurately convey meaning
  • Check your work for spelling and word formation mistakes
Grammatical Range: 6.5
  • Use a variety of complex and simple sentences
  • Check your writing for errors
Task Achievement: 5.0
  • Answer all parts of the question
  • ?
    Present relevant ideas
  • Fully explain these ideas
  • Support ideas with relevant, specific examples
Labels Descriptions
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    Currently is not available
  • Meet the criteria
  • Doesn't meet the criteria
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