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Digital Entrepreneurship: Opportunities and Challenges

In: Technology for Societal Transformation

Author

Listed:
  • Festus Edobor

    (Experts Consulting Limited)

  • Amina Sambo-Magaji

    (National Information Technology Development Agency)

Abstract

In an era characterized by rapid technological advancements and shifting global economic landscapes, the nexus between higher education institutions and organizational ecosystems has emerged as a critical driver of sustainable growth and innovation. This study investigates the multifaceted dynamics of collaboration between academia and businesses, elucidating how these partnerships catalyze organizational success and competitiveness. Through a mixed-methods approach, combining quantitative analysis of performance metrics with qualitative case studies of successful collaborations, we uncover the mechanisms through which academic knowledge, research capabilities, and innovative pedagogies enhance organizational innovation, talent development, and market adaptability. Key findings indicate that collaborations often yield advanced research and development outcomes, directly contributing to technological innovation and product enhancement. Furthermore, these partnerships facilitate a continuous flow of highly skilled talent, equipped with cutting-edge knowledge and competencies, into the workforce. Additionally, our analysis reveals that joint efforts in curriculum development and executive education programs are instrumental in fostering a culture of lifelong learning and adaptability among professionals, thereby enhancing organizational agility and resilience. Conclusively, our research underscores the strategic value of higher education and organizational collaboration as a lever for innovation and economic prosperity. By drawing on empirical evidence and theoretical insights, this chapter contributes to a deeper understanding of how synergies between academia and industry can be optimized to foster an ecosystem conducive to innovation and long-term organizational success. The findings have significant implications for policymakers, educational leaders, and business executives, highlighting the imperative of cultivating strong, strategic partnerships between the sectors as a cornerstone for future competitiveness and growth.

Suggested Citation

  • Festus Edobor & Amina Sambo-Magaji, 2025. "Digital Entrepreneurship: Opportunities and Challenges," Springer Books, in: Lawal O. Yesufu & Puteri Nor Ellyza Nohuddin (ed.), Technology for Societal Transformation, pages 63-99, Springer.
    • Handle: RePEc:spr:sprchp:978-981-96-1721-0_5
    DOI: 10.1007/978-981-96-1721-0_5
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