Strategic learning for digital market pioneering: Examining the transformation of Wishberry's crowdfunding model

Digital Entrepreneurship and its Role in Innovation Systems: A Systematic Literature Review as a Basis for Future Research Avenues for Sustainable Transitions

“…Several scholars claim that, in a business framework, digital solutions are strongly interrelated with value creation and revenue policies. In particular, as noted above, digital solutions may change the value chain by reducing some costs (e.g., reproduction, distribution, transaction costs) [95,97] or resource configurations [93] that may lead to the formation of sustainable business models [69,70]. These elements of business transformation in terms of digitalization also determine the development of digital entrepreneurship toward the formation of IT clusters (e.g., in India and the US) [91].…”

“…The ability of a company to participate in a digital transformation often depends on several prerequisites for business digitalization, such as digital orientation (within market and entrepreneurial orientations) [86], digital capabilities [69], and, particularly, managerial strategies based on an understanding of digital processes [80]. However, digital transformations depend on more than managerial actions and strategies.…”

“…These interconnections also provide evidence for the effects of digitalization on businesses through the interconnection of entrepreneurs' characteristics (see the Entrepreneur dimension) and ecosystem processes (see the Ecosystem dimension). The capability for digital model transformation is often supported by digital infrastructure [69]. Social media and big-data technologies are especially considered the main forces for change for a business model framework through the generation of relevant information for the business [67].…”

“…Social media and big-data technologies are especially considered the main forces for change for a business model framework through the generation of relevant information for the business [67]. Strategic learning helps transform the information into strategic knowledge and provides companies with the capability to adapt to changes or develop a market-entry strategy [69]. These critical insights into entrepreneurial knowledge and, consequently, the assessment of business risks, vulnerabilities, and opportunities are facilitated by digital platforms [73] that provide a field for the interaction of multiple actors [77].…”

Crowdfunding Prospects in New Emerging Markets: The Cases of India and Bangladesh

“…Research on crowdfunding in South Asia is still somewhat limited, although a few contributions do exist. Crowdfunding studies in the Indian context examine regulatory issues (Marakkath and Attuel-mendes 2015), business model transformation (Srivastava 2016;Chirputkar et al 2015;Gupta and Bose 2019), risk factors (Leela 2016), crowdfunding intention (Baber 2019a), and drivers of growth (Pa 2018). Similarly, studies in the Bangladeshi context examine crowdfunding business model (Adhikary and Kutsuna 2016), awareness and drivers of crowdfunding (Adhikary et al 2018), and the drivers of crowdfunding intention (Hasan et al 2018;Munim et al 2020).…”