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communication technology (ICT), andDigital Entrepreneurshipwhere new prod-
ucts and services are developed by leveraging the Internet, Cloud, Big
Data/Analytics and other emerging technologies. Sussan and Acs (2017) believe
thatdigital entrepreneurship isanyventure (social, government,orcorporate)where
digital technologies are used for developing products and services for customers.
2.1 CorporateDigital Entrepreneurship/Intrapreneurship
Corporate entrepreneurship is implemented in the ļ¬rm either through corporate
venturing (internal, cooperative, or external corporate venturing) or through
strategic entrepreneurship, where a company invests in innovation activities for
competitive advantage; however, these innovationsmay ormay not result in new
business (Morris et al. 2010). Other researchers suggest that corporate
entrepreneurship includes a ļ¬rmās innovation activities, venturing, and renewal
activities (Ling et al. 2008). Corporate entrepreneurship is also a higher-order
capability/construct based on aļ¬rmās ability in innovation, venturing, and renewal
activities (Ling et al. 2008).
Corporate entrepreneurship is typically used synonymously with Intrapreneur-
ship and is deļ¬ned as entrepreneurship within an existing organization (Antoncic
andHisrich 2001), commensuratewith innovation practiceswithin an organization
bywhich employees undertake and pursue different business opportunities (Ward
and Baruah 2014). Ping et al. (2010) suggest that intrapreneurship fosters every
aspect of business innovation and create new business beneļ¬ts for organizations.
Intrapreneurship initiatives can help a company to develop new businesses by
innovating new products and services (Knight 1997; Stopford and Baden-Fuller
1994; Zahra 1993) or by entering new markets and customer segments (Zahra
1991) or both. These efforts can alter the course of the business and revitalize its
business performance.
For the remainder of this chapter, corporate digital entrepreneurship is used in
lieu of corporate entrepreneurship and intrapreneurship from a digitization view-
point. Corporate digital entrepreneurs play important roles in bringing industrial
Internet of things (IIoT) and emerging technology-based business applications to
the market and create new business models using their technical knowledge,
business expertise, and relationshipswith ecosystempartners. These entrepreneurs
connect thedotsbetween technological, business, ethical and legal issuesandcreate
abusiness environmentwhere they candevelopnewproducts and services (Krotov
2017). Aswith any other innovation, technology-based innovations can be classi-
ļ¬ed into three categories: incremental, revolutionary (integrative), and disruptive
(Christensen et al. 2005). For example,GEHealthcare developedGECentricityā¢
imaging collaboration suite in the cloud.3 This is an example of incremental
3https://www.gehealthcare.com/products/healthcare-it/enterprise-imaging/centricity-imaging-
collaboration-suite.
186 S. Ghosh et al.
Digital Entrepreneurship
Impact on Business and Society
- Title
- Digital Entrepreneurship
- Subtitle
- Impact on Business and Society
- Authors
- Mariusz Soltanifar
- Mathew Hughes
- Lutz Gƶcke
- Publisher
- Springer Verlag
- Location
- Cham
- Date
- 2021
- Language
- English
- License
- CC BY 4.0
- ISBN
- 978-3-030-53914-6
- Size
- 16.0 x 24.0 cm
- Pages
- 340
- Keywords
- Entrepreneurship, IT in Business, Innovation/Technology Management, Business and Management, Open Access, Digital transformation and entrepreneurship, ICT based business models
- Category
- International