Transition to Digital Entrepreneurship with a Quest of Sustainability: Development of a New Conceptual Framework

Gedas Baranauskas and Agota Giedrė Raišienė
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Gedas Baranauskas: Institute of Management and Political Science, Mykolas Romeris University, Ateities Str. 20, LT-08303 Vilnius, Lithuania
Agota Giedrė Raišienė: Institute of Management and Political Science, Mykolas Romeris University, Ateities Str. 20, LT-08303 Vilnius, Lithuania

Sustainability, 2022, vol. 14, issue 3, 1-13

Abstract: Recent results of the Digital Economy and Society Index (52, 45%) and the European Index of Digital Entrepreneurship Systems (EIDES) (48%) illustrate an improved level of the digital performance in European Union countries and a significant progress towards unlocking the productivity of digital value co-creation and collaborative networks. It is also agreed that the rapid digitalization of the economy and the digital entrepreneurship approach fosters a transition of traditional business models to networked and integrated digital platform business models. Despite the well-recognized benefits of the digital entrepreneurship and the digital business ecosystem, application of emerging technologies and modern business models also brings inevitable sustainable management challenges. The main negative outcomes are in the disruption or exposure of vulnerabilities within collaborative organizational and social networks, the additional socio-technical pressure for both network supervisors and incumbents, and the asymmetry of digital information and resources, etc. Therefore, the present research provides a critical review on the scientific literature, a reconceptualization within the multi-level side effects, and an overview of the influence of the digital entrepreneurship within the sustainability and digital business ecosystem domains. The present paper delineates the sustainable digital entrepreneurship term and the combined conceptual framework of the digital sustainable value cycle.

Keywords: digital entrepreneurship; digital business ecosystem; sustainability; sustainable value; sustainable entrepreneurship (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2022
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (6)

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