Seite - (000014) - in Digital Entrepreneurship - Impact on Business and Society

chapter uses a case example to examine how blockchain technology provides a valuable opportunity to create trust in digital platforms. The role of AI applications on the strategic level and its influence on business models is explored through case studies in the chapter “AI-Enhanced Business Models for Digital Entrepreneurship”, written by Wolfgang Pfau and Philipp Rimpp. The role of AI in a company’s business model, both for new market participants in the form of start-ups and incumbents, such as tech giants, is examined to produce a classification scheme of the influence of AI on business models. Chapter “The Role of an Entrepreneurial Mindset in Digital Transformation- CaseStudyof theEstonianBusinessSchool”,writtenbyMariKooskora, discusses the entrepreneurialmindset indigital transformation throughadetailedoverviewof digitalising in the higher education sector. A case study about leading the digital transformation in an Estonian private business school is presented. The study revealshowtheongoingdigital processhaschanged theorganisation itself andhow students are taught to deal with changes in the digital world. Three case studies are presented in the chapter “Digital Creativity: Upgrading Creativity in Digital Business”, authored by Edin Smailhodžić and Denis Ber- berović, to illustrate how implementing small but fruitful adjustments to thework environment and the overall management of the workforce can unleash powerful creative energy that offers new services to themarket, new approaches to solving existing problems, or, in one case,may bring in a completely newbusinessmodel based on creative solutions and innovative approaches. Industrial firms are also under severe pressure to innovate by leveraging the industrial Internet of things (IIoT) and emerging digital technologies. Digital entrepreneurship for existing organisations (corporate digital entrepreneurship) is a critical differentiating factor in a highly competitive and disruptive environment. Through three case studies presented in the chapter “Corporate Digital Entrepreneurship: Leveraging Industrial Internet of Things and Emerging Technologies”, authored by Swapan Ghosh, Mat Hughes, Paul Hughes and Ian Hodgkinson, the importance of emerging digital technologies for digital entrepreneurship is discussed, and a conceptual framework of corporate digital entrepreneurship is presented highlighting three elements: business model trans- formation, operatingmodel transformation and cultural transformation. Near ubiquitous access to the Internet, platformisation, advances in cloud computing,machine learningandartificial intelligenceandblockchainarechanging the sources, basis and quantum of funding in ways that were unimaginable at the turn of the century. The key sources and characteristics of alternative sources of finance available to entrepreneurs, including start-ups, are presented in the chapter “NewSources ofEntrepreneurial Finance”, authoredbyTheoLynnandPierangelo Rosati. Two online alternative finance sources, crowdfunding and token offerings, are discussed in greater detail and illustratedwith case studies. Digitalisation has opened newpossibilities for intrapreneurship.However, there is limited attention to the role of digital intrapreneurswithin existing organisations. Through an examination of three case studies, a unique definition of digital xiv Introduction