THE FUTURE OF ENTREPRENEURSHIP: STRATEGIC APPROACHES FOR BUSINESS ADAPTATION IN A CHANGING GLOBAL ENVIRONMENT. FROM RISKS TO OPPORTUNITIES

Sorin Terchila
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Sorin Terchila: Lucian Blaga University of Sibiu, Romania

Studies in Business and Economics, 2025, vol. 20, issue 1, 263-280

Abstract: In a rapidly evolving global landscape, businesses face unprecedented challenges driven by technological advancements, economic volatility, and geopolitical uncertainties. This article explores how entrepreneurship can adapt to these dynamic conditions by leveraging strategic innovation, digital transformation, and agile business models. Drawing on a comprehensive literature review and empirical research, including bibliometric analysis and semi-structured interviews, the study highlights key adaptation strategies used by entrepreneurs in response to market disruptions, regulatory changes, and emerging risks. Findings indicate that businesses that prioritize digitalization, strategic flexibility, and proactive risk management are more resilient in the face of crises such as the COVID-19 pandemic and geopolitical conflicts like the Ukraine crisis. The study also reveals significant regional differences in entrepreneurship, with the United States leading in innovation-driven startups, while European businesses focus on sustainability and structured regulatory environments. Through interdisciplinary insights spanning economics, business management, and technological innovation, this research underscores the critical role of entrepreneurship in economic development. The study concludes that the future success of businesses depends on their ability to integrate emerging technologies, foster collaboration, and maintain an adaptive strategic approach in an increasingly uncertain global environment. These insights offer valuable recommendations for business leaders, and entrepreneurs seeking to transform risks into sustainable growth opportunities.

Keywords: Entrepreneurship; Digital Transformation; Strategic Adaptation; Risk Management (search for similar items in EconPapers)
Date: 2025
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