The Cultural Factor of Digital Entrepreneurship in the Context of Economic Growth

Givi Bedianashvili ()
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Givi Bedianashvili: Ivane Javakhishvili Tbilisi State University

A chapter in Digital Management to Shape the Future, 2024, pp 257-267 from Springer

Abstract: Abstract This paper explores the importance of using the culture factor in terms of the impact of digital entrepreneurship development on economic growth in modern conditions. In this regard, first, the entrepreneurial ecosystem should be considered as a systemic concept of digital ecosystem interactions, which implies certain changes in the cultural component of digital entrepreneurship itself. The current stage of globalization is characterized by a number of specific aspects of post-industrial development, of which, in our opinion, is the most important is the actualization of the formation of a knowledge-based economy. It is must noting that globalization, related to the growth of uncertainty, leads to the addition of dimensions with a global perspective to the knowledge economy, such as resource-technological, informational, communicative, socio-psychological, and institutional structures. It should be noted too that in the process of formation of the knowledge economy, the innovative aspect of entrepreneurial activity acquires special importance in terms of all business subjects. The effectiveness of the entire innovation process depends on the effective functioning of knowledge-based entrepreneurship, which in turn determines the need for the development and implementation of an innovative entrepreneurship policy by the state. In parallel with the creation of the digital ecosystem within the framework of the innovative entrepreneurial policy, the formation of the institutional component, its systematic modernization in dynamics, the mutual compatibility and synchronization of general formal institutions, and business culture as an informal institution necessary consider.

Keywords: Digital entrepreneurship; Economic growth; Culture (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:spr:prbchp:978-3-031-66517-2_20

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DOI: 10.1007/978-3-031-66517-2_20

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