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

Author

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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)

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.

Suggested Citation

  • Gedas Baranauskas & Agota Giedrė Raišienė, 2022. "Transition to Digital Entrepreneurship with a Quest of Sustainability: Development of a New Conceptual Framework," Sustainability, MDPI, vol. 14(3), pages 1-13, January.
    • Handle: RePEc:gam:jsusta:v:14:y:2022:i:3:p:1104-:d:727911
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    References listed on IDEAS

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    1. Steve Evans & Doroteya Vladimirova & Maria Holgado & Kirsten Van Fossen & Miying Yang & Elisabete A. Silva & Claire Y. Barlow, 2017. "Business Model Innovation for Sustainability: Towards a Unified Perspective for Creation of Sustainable Business Models," Business Strategy and the Environment, Wiley Blackwell, vol. 26(5), pages 597-608, July.
    2. Liliya Satalkina & Gerald Steiner, 2020. "Digital Entrepreneurship and its Role in Innovation Systems: A Systematic Literature Review as a Basis for Future Research Avenues for Sustainable Transitions," Sustainability, MDPI, vol. 12(7), pages 1-27, April.
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    Cited by:

    1. Ravindra Singh & Ajay Dwivedi & Shikha Gupta & Sumanjeet Singh & Seema Singh, 2022. "Elucidating the moderating role of personality traits in probing the linkage between digital entrepreneurship characteristics and perceived opportunities," Journal of Global Entrepreneurship Research, Springer;UNESCO Chair in Entrepreneurship, vol. 12(1), pages 175-188, December.
    2. Ghada Talat Alhothali & Haya Al-Dajani, 2022. "Emotions and Resilience in Saudi Women’s Digital Entrepreneurship during the COVID-19 Pandemic," Sustainability, MDPI, vol. 14(14), pages 1-20, July.
    3. Guangping Xu & Guangyuan Hou & Jinshan Zhang, 2022. "Digital Sustainable Entrepreneurship: A Digital Capability Perspective through Digital Innovation Orientation for Social and Environmental Value Creation," Sustainability, MDPI, vol. 14(18), pages 1-24, September.
    4. Cristina Nicolau & Eliza Nichifor & Daniel Munteanu & Oana Bărbulescu, 2022. "Decoding Business Potential for Digital Sustainable Entrepreneurship: What Romanian Entrepreneurs Think and Do for the Future," Sustainability, MDPI, vol. 14(20), pages 1-21, October.
    5. Albérico Travassos Rosário & Joana Carmo Dias, 2023. "The New Digital Economy and Sustainability: Challenges and Opportunities," Sustainability, MDPI, vol. 15(14), pages 1-23, July.

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