Page - 178 - in Digital Entrepreneurship - Impact on Business and Society

CorporateDigital Entrepreneurship: Leveraging Industrial Internet of Things and Emerging Technologies SwapanGhosh,MathewHughes, Paul Hughes, and IanHodgkinson Abstract Industrialfirmsareunder severepressure to innovateby leveraging the industrial Internetof things (IIoT) andemergingdigital technologies.Digital entrepreneur- ship for existing organizations (corporate digital entrepreneurship) is a key differentiating factor in a highly competitive and disruptive environment. However, there is limited guidance for corporate digital entrepreneurship and industrial managers do not have a conceptual framework to navigate their organizations for newproduct and process innovation. This paper discusses the importance of emerging digital technologies for digital entrepreneurship and presents a conceptual framework of corporate digital entrepreneurship high- lighting three elements—business model transformation, operating model transformation, and cultural transformation—which is necessary for fostering digital entrepreneurship inorganizations.The chapter presents three case studies and discusses practical implications for the future. S. Ghosh (&) Menlo College, Atherton, California, USA e-mail: swapan.ghosh@menlo.edu M.Hughes I. Hodgkinson LoughboroughUniversity, Loughborough, UK P.Hughes DeMontfort University Leicester, Leicester, UK ©TheAuthor(s) 2021 M.Soltanifar et al. (eds.),DigitalEntrepreneurship, FutureofBusiness andFinance, https://doi.org/10.1007/978-3-030-53914-6_10 183