Digital Entrepreneurship
Exploring Alertness, Orientation, and Innovation in the Digital Economy
- 2024
- Book
- Editor
- Nezameddin Faghih
- Book Series
- Contributions to Management Science
- Publisher
- Springer Nature Switzerland
About this book
Focusing on emerging features of digital transformation, digital economy, digital innovation, and digital entrepreneurship, this edited volume highlights new aspects of digital transformation and research progress in the field. Chapters cover a wide range of topics such as: promoting the growth of the digital economy through the alertness of entrepreneurs; predicting entrepreneurial performance through the lens of entrepreneurial orientation and digital adoption with a machine learning approach; proposing a guide to emphasize the key aspects of social media analytics; examining the digital pathology ecosystem and key drivers for investment in more efficient disease diagnosis and monitoring; exploring how humane orientation contributes to the intention to use digital entrepreneurship with a gender perspective. Concluding with a review of the extant digital economy literature, the volume proposes a future research agenda which will be useful not only for researchers and academics, but also for entrepreneurs and policymakers.
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Table of Contents
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Frontmatter
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An Introduction to Digital Entrepreneurship: Exploring Alertness, Orientation, and Innovation in the Digital Economy
Nezameddin FaghihThe chapter delves into the transformative impact of digitalization on entrepreneurship and the economy, emphasizing the role of entrepreneurial alertness in driving economic growth. It explores how digital technologies are reshaping traditional business models and creating new opportunities for innovation and growth. The discussion also covers the challenges and opportunities presented by the digital economy, providing insights into the strategic choices and tensions faced by firms and entrepreneurs in this rapidly evolving landscape.AI Generated
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AbstractFocusing on some emerging features of digital entrepreneurship and examining alertness, orientation, and innovation in the digital economy, this edited volume provides a deeper discussion to highlight the importance of new aspects of digital entrepreneurship and research progress in this field. It covers a wide range of topics such as promoting the growth of the digital economy through the alertness of entrepreneurs; predicting entrepreneurial performance through the lens of entrepreneurial orientation and digital adoption with a machine learning approach; proposing a guide to emphasize the key aspects of social media analytics; examining the digital pathology ecosystem and key drivers for investment in more efficient disease diagnosis and monitoring; exploring how humane orientation contributes to the intention to use digital entrepreneurship with a gender perspective; examining digital social entrepreneurship and innovation opportunities in developing economies; exploring the challenges and opportunities of digital Pentepreneurship; and finally, presenting a qualitative exploration of digital Pentecostal entrepreneurship strategies and motivations. Each chapter of the book presents some features and emerging aspects of digitalization and digital transformation in economy, innovation, and entrepreneurship by authors with expertise in their chosen topic, which can be useful not only for researchers and academics, but also for entrepreneurs and policymakers. -
Examining the Role of Entrepreneurial Alertness in the Growth of the Digital Economy
Maryam Khosravi, Nezameddin FaghihThe chapter explores how entrepreneurial alertness, defined as the ability to recognize overlooked opportunities, propels the growth of the digital economy. It delves into the cognitive processes involved, such as sensing, imagination, and judgment, and how these processes enable entrepreneurs to identify and capitalize on new opportunities. Additionally, the chapter highlights the importance of ethical considerations and moral values in shaping entrepreneurial behavior and fostering a just economy within the digital realm. The research is based on interviews with experts and entrepreneurs, providing a rich understanding of the dynamics at play in the digital economy.AI Generated
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AbstractToday, acquiring knowledge about the digital transformation of economic systems is vital for entrepreneurs. Alert entrepreneurs are quick to recognize new windows of opportunity, so entrepreneurial alertness is deeply correlated with economic growth. In has been analyzed in this research how alert entrepreneurs control the growth gradient of the digital economy from the micro level. An Interpretive Phenomenological Analysis (IPA) was conducted by interviewing Iranian researchers and experts from the fields of entrepreneurship, economics, science and technology, and public policy. The results show that the cognitive characteristics of alert entrepreneurs establish networks on digital platforms. Alert entrepreneurs set values based on the belief system and ethics, which promote informal institutions and channel the bottom-up stream into regulating a new set of policies, thereby this aspect of modern economy “virtue enriches economy” is realized. -
Predicting Entrepreneurial Performance Through the Lens of Entrepreneurial Orientation and Digital Adoption: A Machine Learning Approach
Mozhgan Danesh, Masoumeh Moterased, Kamal Sakhdari, Nezameddin FaghihThis chapter delves into the dynamic business environment and the role of digital adoption in facilitating entrepreneurial activities. It defines entrepreneurial orientation (EO) as a vital intangible resource for identifying and implementing new opportunities. The study focuses on three dimensions of EO—innovativeness, pro-activeness, and risk-taking—and their impact on entrepreneurial performance (EP). It also examines the moderating role of digital adoption in the EO-EP relationship. Using machine learning, specifically the XGBoost algorithm, the research analyzes data from the Global Entrepreneurship Monitor and the World Bank Digital Adoption Index to predict EP. The findings highlight the significant influence of innovativeness on EP and the amplified impact of innovativeness and risk-taking when moderated by digital adoption. The chapter concludes with contributions, limitations, and future research directions, emphasizing the importance of digital technologies in enhancing entrepreneurial performance.AI Generated
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AbstractIt is critical to clarify the specific causal mechanisms and boundary conditions explaining why and how entrepreneurial orientation (EO) enhances firm outcomes. However, despite more than 40 years of research, a theoretical gap is evident in many studies linking EO to firm performance outcomes. Therefore, since it is not unexpected that the diffusion of digital technologies creates a promising field for entrepreneurs and motivates them to take advantage of the adoption of technologies in their business, in this research, the moderating role of digital adoption in the relationship between entrepreneurial orientation and entrepreneurial performance has been investigated. Therefore, the aim of this research was to predict entrepreneurial performance from entrepreneurial orientation with regard to the moderating role of digital adoption. The data for this study has been derived from the Global Entrepreneurship Monitor (GEM) of 20 countries between 2008 and 2018, as well as the World Bank’s Digital Adoption Index (WB DAI). Based on EO, a predictive model of entrepreneurial performance was constructed using machine learning and the XGBoost algorithm. According to the findings of this study, it is evident that the various dimensions of EO exhibit differential impacts on the prediction of entrepreneurial performance. Specifically, innovativeness and risk-taking demonstrate a much greater influence compared to pro-activeness. The inclusion of digital adoption as a moderating role significantly enhanced the impact of innovativeness and risk-taking, whereas it did not have any discernible effect on pro-activeness. This research also has a valuable theoretical and managerial contribution and has provided important suggestions for future research. -
Social Media Analytics for Digital Entrepreneurs
C. Blanco-González-Tejero, E. Cano-Marin, S. Ribeiro-NavarreteThe chapter delves into the role of social media analytics in digital entrepreneurship, emphasizing the need for a structured methodology to analyze big data using Natural Language Processing (NLP). It discusses the impact of social media on business strategies, the challenges of data analysis, and the potential of NLP techniques such as sentiment analysis and topic modeling. The chapter also includes a practical guide for entrepreneurs and researchers to effectively analyze social media data, offering a unique perspective on how to leverage these tools for competitive advantage.AI Generated
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AbstractDigitalisation has led entrepreneurs to undergo major changes. As a result, most newly created ideas and organisations are digital. Given that previous studies have assessed the impact of social media using theoretical and/or practical models, this chapter proposes a guide to emphasise the key aspects of social media analytics. These guidelines empower entrepreneurs to consider the most pertinent and key considerations for developing a business strategy based on social media analytics. Simultaneously, due to the novelty and continuous evolution of technologies, collecting up-to-date content, including the most representative social media analytics, becomes key to facilitate data-driven decision-making processes. In addition, a research agenda has been proposed to enable the development and continuity of future research that considers social media analytics, digital transformation, and entrepreneurship as key to economic sustainability. Thus, this study has high relevance in managing and formulating entrepreneurial policies and strategies. -
Digital Pathology Ecosystem: Basic Elements to Revolutionize the Diagnosis and Monitoring of Diseases in Health Sector
Mario CocciaThe chapter 'Digital Pathology Ecosystem: Basic Elements to Revolutionize the Diagnosis and Monitoring of Diseases in Health Sector' delves into the transformative potential of digital pathology, focusing on the essential components required to establish a functional innovation ecosystem. It discusses digital pathology repositories and biobanks, standardization and quality control of whole slide images, and the role of machine vision in analyzing digital biopsy samples. The study also emphasizes the need for skilled human resources, including pathologists and data scientists, to effectively implement and utilize these technologies. The authors explore the operational phases of digital pathology, from image conversion to knowledge extraction and actionable intelligence, and discuss the potential benefits and challenges of this technological shift. The chapter concludes by highlighting the need for further research and standardization to fully realize the advantages of digital pathology in healthcare.AI Generated
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AbstractDigital pathology is an image-based environment for the acquisition, management, sharing, and interpretation of pathology information supported by techniques for data extraction and analysis. Digital pathology is an emerging technology that can improve diagnostic approaches and the monitoring of diseases for more efficient healthcare organizations. However, the technological and organizational transformation of digital pathology units and services needs investments to support IT infrastructure, equipment, staffing and training of skilled human resources for an effective innovation ecosystem. In fact, an operational innovation ecosystem for digital pathology, in which different subjects and/or entities have complex inter-relationships, can foster the development, implementation, and diffusion of this new technological system. The goal of this study is to detect and analyze the basic elements and interactions of a functioning digital pathology ecosystem directed to support the development and widespread adoption of this new technology to increase effectiveness in healthcare organizations and improve patient care. Results show four critical factors to develop an operational digital pathology ecosystem: 1) repository and biobanks for data gathering, filing, and sharing; 2) standardization of data and information; 3) new computational techniques for data processing and analysis; and 4) skilled human resources to manage high-tech equipment and analyse digital information for research and clinical applications. These findings clarify main elements and processes of innovation ecosystem in digital pathology, to support the innovation management for the implementation in organizations and the diffusion of this new technology that is generating a revolution in clinical research and practice of health sector. -
How Does Humane Orientation Contribute to Digital Entrepreneurship Use Intention? A Gender Perspective
G. Önder, J. Fernández-Serrano, F. LiñánThe chapter delves into the role of humane orientation in shaping digital entrepreneurship use intention, leveraging the UTAUT model and humane entrepreneurship framework. It investigates the influence of performance expectancy, effort expectancy, social influence, and humane orientation on behavioral intention to use ICT. Additionally, it examines how gender moderates these relationships, highlighting the nuanced impact of humane orientation on ICT adoption among entrepreneurs. The study uses a robust sample and advanced methodologies, offering valuable insights into the complex interplay between ICT use, entrepreneurship, and gender.AI Generated
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AbstractInformation and communication technology (ICT) is one of the vital resources for entrepreneurs as they start and develop new ventures. Therefore, it is important to understand the ICT adoption patterns of individuals. In particular, recent research has emphasized the differences between specific entrepreneurial orientations (such as humane entrepreneurship) or those based on gender. The aim of this chapter is to help understanding the role of a humane orientation in the intention to use ICT by taking into account gender differences as well. This is done through the adoption of the Unified Theory of Acceptance and Use of Technology (UTAUT) model and the concept of humane entrepreneurship. Partial Least Squares (PLS) was used to estimate the proposed model. The study sample consists of 1229 individuals living in Spain. The data have been collected through surveys. Based on the results, performance expectancy, effort expectancy, and social influence have a positive and significant effect on the intention to use ICT. Furthermore, the humane orientation positively affects the ICT use intention of individuals. The results also show that this latter effect is more prominent for women. Based on these results, policies and programs should be implemented to support and fund women’s humane entrepreneurial projects, since they are more likely to adopt ICT as an instrument. The inclusion of humane constructs in entrepreneurship education can help the emergence of new ventures that can produce technological solutions to global challenges. Additionally, ICT training for entrepreneurs can stress the UTAUT constructs such as performance benefits and ease of use to increase ICT use intention. -
Digital Social Entrepreneurship: Innovation Opportunities in Developing Economies
Nunzia Auletta, Patricia Monteferrante, Aramis Rodríguez-OroszThe chapter investigates Digital Social Ventures (DSVs) in Venezuela, focusing on case studies of startups leveraging technology to address unmet social needs. It explores the business models, entrepreneurial teams, and dynamic capabilities of these ventures, emphasizing their impact on quality of life, inclusion, and safety. The study also proposes a systemic framework for understanding DSVs and their potential for economic development and social impact.AI Generated
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AbstractIn late 2022, amid a profound economic and social crisis, over 3000 new ventures were established in Venezuela. The vast majority of them were based on technology. These ventures have pioneered innovative business models that not only create employment opportunities but also make significant social impact by addressing unmet demands of the population overlooked by both the public and traditional business sectors. These critical needs span financial inclusion, transportation, access to drinking water, food and medicine delivery, digital remittances services, telemedicine, and online education platforms. Through a multiple case study approach, this investigation classified these entities as Digital Social Ventures (DSV) and presented a systemic view that elucidates the contexts, factors, and capabilities inspiring and underpinning their viability. The synthesis of social purpose, digital cost-efficient platforms, business acumen, and ecosystem development showcases an innovative strategy to tackle the often-challenging societal needs prevalent in developing economies. -
Digital Pentepreneurship in Nigeria: Challenges and Opportunities
Agu Godswill Agu, Aidin Salamzadeh, Omotosho Tade Daniel, Uche Dickson Ben, Okocha Ebere Rejoice, Agu Okoro Agu, Eke Chukwuma NnateThe chapter delves into the transformative impact of digital technologies on Pentecostal entrepreneurship in Nigeria, focusing on the challenges and opportunities faced by digital Pentecostal entrepreneurs. It leverages the resource-based view to analyze the factors influencing digital Pentepreneurship, drawing on interviews with digital Pentecostal entrepreneurs. The study highlights the unique challenges such as internet network failures and cybersecurity threats, while also identifying opportunities like reaching a wider audience and internationalizing religious services. The findings contribute to the scarce literature on digital Pentecostal entrepreneurship and provide practical insights for policymakers and entrepreneurs alike.AI Generated
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AbstractWhile digital entrepreneurship has received increasing scholarly attention, no study has explored the challenges and prospects of digital Pentepreneurs—an emerging area in religious entrepreneurship. Pentepreneurship has grown in Africa and other parts of the world. However, a recent wave in Nigeria is the growing digitization of Pentecostal religious services, which has ushered in a new dimension of competition among Pentecostal bodies in the country. By applying the resource-based view, a qualitative study involving start-up digital Pentepreneurs in the Nigerian South was conducted. Data were subjected to content and thematic analysis. Findings indicate that the challenges faced by digital Pentepreneurs include internet network failures, weak regulatory systems, cost of digital operation, cyber insecurity, and political/cultural influence. However, several opportunities (e.g., the possibility of reaching a wider/unreached audience with the gospel, the growing size of digital worshippers, an opportunity to secure foreign partnership/financial support, the opportunity to capture and retain the youth, and the opportunity to internationalize) were identified. This chapter makes theoretical and practical contributions that will be of value to various stakeholders. -
Digital Pentecostal Entrepreneurship Strategies and Motivations in Nigeria: A Qualitative Exploration
Agu Godswill Agu, Tade Daniel Omotosho, Aidin Salamzadeh, Onwubiko Ngozi Dike, G. Etuk Samuel, Okereafor Geff EtochkwuThe chapter delves into the digital strategies and motivations of Pentecostal entrepreneurs in Nigeria, examining how they leverage digital technologies to expand their reach and adapt to the digital age. It discusses the impact of the COVID-19 pandemic on the adoption of digital platforms and the motivations driving this shift. The study integrates the Theory of Planned Behavior and Institutional Theory to provide a comprehensive framework for understanding the dynamics of digital Pentecostal entrepreneurship in Nigeria.AI Generated
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AbstractFollowing the growing acceptance and usage of internet-enabled platforms in business transactions, religious entrepreneurs in Nigeria have embraced digitization to reach their target market. Pentecostal pastors are prominent adopters of the digital space in religious entrepreneurial pursuits in Nigeria. Popularly called Pentepreneurs, these entrepreneurs pursue both sacred and secular activities simultaneously. While empirical research on digital entrepreneurship continues to develop, few studies have been devoted to emerging digital economies. Besides, studies focusing on digital Pentepreneurship strategies and motivations are currently missing in the global literature on digital entrepreneurship. This chapter closes these gaps by leveraging the institutional theory, the theory of planned behaviour and the qualitative approach. Thus, an online semi-structured interview was conducted using a purposive sample of digital Pentepreneurs from Southern Nigeria. Generated data were analyzed by means of inductive thematic analysis. This chapter makes theoretical and practical contributions by identifying digital Pentecostal entrepreneurship’s key strategies and motivations. -
Backmatter
- Title
- Digital Entrepreneurship
- Editor
-
Nezameddin Faghih
- Copyright Year
- 2024
- Publisher
- Springer Nature Switzerland
- Electronic ISBN
- 978-3-031-58359-9
- Print ISBN
- 978-3-031-58358-2
- DOI
- https://doi.org/10.1007/978-3-031-58359-9
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