Unleashing the Creativity of Entrepreneurs with Digital Technologies

Hisrich, Robert D.; Soltanifar, Mariusz

doi:10.1007/978-3-030-53914-6_2

Cited by 35 publications

(20 citation statements)

References 21 publications

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“…Large firms manage more easily in the capital markets, easier than startups and small companies entering the marketplace; limited financial investment is a barrier to businesses' survival and growth. Therefore, access to finance is very crucial in order for small firms to achieve their business goals [21]. Barriers to the development of entrepreneurship in Poland were studied by Jha [22] and it was found that economic and financial barriers are very influential hurdles in the entrepreneurial process.…”

Section: Literature Reviewmentioning

confidence: 99%

How Entrepreneurship Sustains Barriers in the Entrepreneurial Process—A Lesson from a Developing Nation

et al. 2021

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The aim of this study is to explore how entrepreneurship sustains the barriers in the entrepreneurial process in a developing country like Pakistan. To reach these findings, a qualitative approach was used in which semi-structured interviews were conducted with young entrepreneurs in the region of Hyderabad, Pakistan. After collecting data, thematic analysis was conducted. The findings of the study in the form of final themes suggest that trust issues, family barriers, financial issues, gender issues, educational barriers, corruption, and legal barriers are among the challenges which trigger changes in the entrepreneurial process and its sustainability. This study provides implications for the regional government, academic institutes, financial institutes, entrepreneurs, and society at large when developing a support system and promoting a sustainable entrepreneurial environment by minimizing these challenges and suggestions for an entrepreneurial focus on sustainable entrepreneurship.

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Section: Literature Reviewmentioning

confidence: 99%

How Entrepreneurship Sustains Barriers in the Entrepreneurial Process—A Lesson from a Developing Nation

et al. 2021

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“…Digital technology entails various information and technologies, such as the latest digital media, utilised by entrepreneurs in different sectors for business development [6]. Technological developments have led to the employment of professionals, such as graphic designers to assist in designing new products or service for specific markets [6].…”

Section: Digital Marketing and E-commercementioning

confidence: 99%

“…Digital technology enabled people to express themselves on social media on various platforms, including Instagram and YouTube. These platforms have allowed business people, profes-Business, management and accounting sionals and amateurs to upload content that market their businesses [6]. Digital entrepreneurship is characterised with the pursuit of new venture opportunities, presented using the latest media and internet technologies available with the aim of attracting worldwide attention [7,8].…”

Section: Digital Marketing and E-commercementioning

confidence: 99%

Digital design and technology and market outreach in rural Zimbabwe

Moyo

Tengeh

2021

Eureka: SH

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Despite producing top of the range products and services, entrepreneurs in Zimbabwe's rural Gokwe face limited access to markets. Access to local and regional trading markets is further aggravated by inadequate technological infrastructure and financial resources to carry out business activities. Aim: This article investigates the role of digital design and technology in expanding market outreach in Zimbabwe. Methods: A mixed methods research design was adopted. The qualitative data, obtained from semi-structured interviews and a focus group discussion, was analysed through thematic analysis. The quantitative data was obtained from the administration of a questionnaire and used to corroborate the findings of the qualitative tool. Results: The findings revealed that while digital design and technology had little effect on identifying entrepreneurial opportunities and communicating with potential customers in Gokwe, there were clear signs that plans were being made to integrate digital technology and internet connectivity in at least one sector of the rural economy of the district. Implications: The findings may provide vital information for rural entrepreneurs and policymakers looking to benefit from the digital revolution. Recommendation: The paper encourages the use of digital marketing and advertising to take advantage of entrepreneurial opportunities.

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“…In addition, Hisrich and Soltanifar (2021) highlights that digital technologies provide new avenues of entrepreneurship as it supports creativity and provides entrepreneurs with various different business modes that can promote new business activity. Similarly, Acs et al (2021) highlights the emergence of digital technologies can provide agents with incentives to engage in entrepreneurship as digital platforms has substantially reduced the economic cost of data and operating businesses.…”

Section: Introductionmentioning

confidence: 99%

Internet penetration, financial access and new business formation: evidence from developing economies

Haini

Loon

2022

IJSE

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PurposeThis study examines whether Internet penetration has a complementary effect on the relationship between financial access and new business formation in 57 developing economies from 2006 to 2018.Design/methodology/approachUsing the generalised least squares estimator, the authors employ a framework that allows us to distinguish between the marginal impact of financial access on new business formation in developing economies with high and low levels of Internet penetration rates. Furthermore, the authors distinguish between financial institutions and financial markets.FindingsThe authors find that increased accessibility for financial institutions promotes entrepreneurial activity, while financial market access has a negative relationship with new business formation. Furthermore, the authors find that the marginal impact of financial institution access increases in magnitude as Internet penetration increases. The effect does not hold for financial markets.Research limitations/implicationsThe major limitation lies in the measurement of new business formation, as it focuses on the formal entrepreneurial sector and overlooks the informal economy and entrepreneurs operating as sole proprietors.Practical implicationsPolicymakers should continue to promote the development of the information communication and technology sector and digitalisation policy while increasing financial accessibility in the financial system.Originality/valueThis study provides new empirical evidence on the greasing role of technology to leverage the impact of financial access on new business formation. Furthermore, the study distinguishes this effect by differentiating between financial institutions and markets.

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Unleashing the Creativity of Entrepreneurs with Digital Technologies

Cited by 35 publications

References 21 publications

How Entrepreneurship Sustains Barriers in the Entrepreneurial Process—A Lesson from a Developing Nation

How Entrepreneurship Sustains Barriers in the Entrepreneurial Process—A Lesson from a Developing Nation

Digital design and technology and market outreach in rural Zimbabwe

Internet penetration, financial access and new business formation: evidence from developing economies

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