Page - 13 - in Digital Entrepreneurship - Impact on Business and Society

exchanges between two or more user groups (Täuscher and Laudien 2018). As such,Uber isdifferent fromtraditionalmanufacturingbusinesses that focusonwork withanetworkof suppliers. Instead,Ubermediates interactionsbetweenpartiesand can conduct business at a lower cost,whichhas affected traditional taxi businesses. As a highly successful platform-centric business,Uber nowhas 103million active users, 3.9million drivers worldwide and more than 20,000 employees (Smith 2020). It operates in more than 700 cities across 65 countries and completes 17 million trips every day (Smith 2020). Theplatform thatUber has created has had a significant impact on jobs. Twenty thousand jobs are created everymonth through Uber, and thousands of entrepreneurs are using it to build their small businesses (Kasselman2014). This showshowwellUber discovered, evaluated and exploited the opportunities. 2.4 Practical Guide for Adopting theDigital Entrepreneurial Mindset The developments in the area of data-driven, cloud-enabled, and platform-centric activities give rise to the question of how businesses can become digital. Table 1 provides a list of steps that entrepreneurs can use to develop a DEM for their business. It clarifies which sections of a company are key to any such transfor- mationanddescribes thenecessaryactions toachieve this. It alsooffersexamplesof companies that have been through the process of digital transformation and have adopted aDEM. By executing the suggested steps, entrepreneurs and all employees are likely to be better prepared for exploiting the opportunities arising from digital transfor- mation and to bemore able to adopt a digital culture whereDEMs can flourish. Table 1 Practical guide for adopting a digital entrepreneurial mindset Dimension Action/steps Practicalities/example Harnessing technology Make use ofmobile technologies to make data and insights accessible to employees to help themmake the right decisions Procter andGamble’s Decision Cockpits provide a real-time screen enabling all employees to check the current state of its business and relevant trends. As a result, its employees arewell informed and can take part in the decision-making process at any time Interconnectedness Adapt to the scale of output and accelerate every form of interaction and action. Grasp the impact of interconnectedness Boeing created an Intranet that enables employees to be easily connected and to receive company news quickly. In this way, employees aremoreflexible andcan easily share their work remotely with colleagues around the globe, thus improving collaboration (continued) Developing aDigital EntrepreneurialMindset for Data-Driven… 13