Perspective Chapter: WellB-Techno-Preneurship in Competitiveness Today

Abstract

Globally, the competitive climate in the business environment is highly sophisticated no matter the sector since organizations set out to outclass, outperform, and outpace one another to remain relevant, achieve enhanced patronage and profitability, and add value to customers, workers, and the organization. Therefore, while there are multiple approaches to achieving competitiveness in the new era, this literature approach has chosen to focus on two mechanisms for use in developing countries and small and medium-sized enterprises (SMEs). Conceptually, the review connected the link between well-being and technology in entrepreneurship for achieving and sustaining competitiveness as a panacea to drive SMEs in developing economies. In essence, to achieve the objective of competitiveness, it should be Point 1 (Workers’ Well-Being-WWB) + Point 2 (Technological Investment, Know-how, and Acceptability-TIKHA). Therefore, aside from continuously investing in technology to ensure progressive core competency for competitiveness, undermining the well-being of workers who use technology in entrepreneurial ventures should never be conceived at any point.