Analyzing the Role of Digital Technologies in Entrepreneurship Growth

This report provides an analysis of the role of digital technologies in fostering entrepreneurship and small business growth, drawing upon a review of academic literature. It begins with a systematic description of the methods used for selecting and analyzing relevant journals and articles, focusing on research philosophy, approach, strategy, choice, data collection, and sampling techniques. The report critically reviews articles related to entrepreneurship and innovation in emerging economies, and explores the impact of digital transformation on technology entrepreneurship and technology market expansion. It evaluates the aims, objectives, data analysis methods, and findings of these studies, highlighting the importance of digital technologies in enhancing efficiency, productivity, and competitiveness for entrepreneurial ventures. The analysis emphasizes the need for entrepreneurs to leverage digital innovation for sustainable growth and development, considering factors such as technology readiness, exploration, and exploitation.

Entrepreneurship and Small
Business Management
Written Coursework

TABLE OF CONTENTS
INTRODUCTION...........................................................................................................................1
MAIN BODY...................................................................................................................................1
Systematic description of the method used for selecting the journals and articles analysed .....1
Critical review of article..............................................................................................................1
REFERENCES................................................................................................................................4

INTRODUCTION
Entrepreneurship is the ability and readiness organization to develop, organize and run
business. In the current era, competition has increased which require firm to pay attention on
having relevant processing through adopting digital technologies for obtaining growth &
development. This study has provided a unique learning experience to people who want to start
businesses and ability to manage the risk (Rippa and Secundo, 2019). The main role of digital
technologies is to incline the efficiency and productivity which can increase profitability &
sustainability. The current report will involve evaluation of two journals based on the role of
digital technologies for achieving growth of entrepreneurship. It will focus on explaining
systematic description of methods used for journals. The present report assesses the knowledge
of the entrepreneurship sector with the help of literature. Present report will provide a systematic
description of the method used for digital technologies' topic. Furthermore, report will critically
review aim and objectives, data analysis and findings of the topic. Study is all about the major
role of digital technologies for the growth of entrepreneurial firm.
MAIN BODY
Systematic description of the method used for selecting the journals and articles analysed
The methods which are used for selecting the journals and article analysis is with the help of
research methodology (Lassonde and Galman, 2019). Research methodology refers to the
procedures and techniques of collecting information and knowledge on a particular concept. In
research methodology, various methods are used considering most useful and valuable for the
current research methodology for selection of journals and articles is described as below:
Research philosophy: Basically there are two types of research philosophy: positivism and
interpretivisim. For the current research on the role of digital technologies for the growth of
entrepreneurial firm, the positivism philosophy will be used. This philosophy will helps the
researcher in gathering and evaluating data from larger sample in less time. It have
disadvantage as well such as it is more time consuming and cost consuming.
Research approach: There are two types of research approaches such as inductive and
deductive. In the current research on the role of digital technologies for the growth of
entrepreneurial firm journals, the deductive approach is convenient as it will help the
researcher in evaluating quantitative data without taking additional time and resources.
1

However it have disadvantage as it helps in only theoretical analysis of the information
collected only.
Research strategy: There are various research strategies which includes survey questionnaire,
experiment, case study and action research etc. (Naepi, 2019). For the current research on the
role of digital technologies for the growth of entrepreneurial firm journals, the survey
questionnaire and secondary data collection will be used as it will help in gathering data
including first hand data and second hand data as well. However it can be very costly as well.
Research choice: Basically there are two research choices such as qualitative and quantitative.
For the current research on the role of digital technologies for the growth of entrepreneurial
firm journals, the, qualitative data and quantitative data both the choice will be used,
because it will help the researcher in collecting data in numbers and not takes maximum
time that result in attainment of all objectives in effective manner. Therefore it will be
beneficial for the researcher to analyze both the aspects of data.
Data collection: Basically, Primary and secondary are most important methods of data
collection. Primary data for the current research for data collection will be used in present
study (Cecez-Kecmanovic and et.al., 2020). For the current research on the role of digital
technologies for the growth of entrepreneurial firm journals, the, secondary data, books,
journals, magazines, publication research etc. sources will be used. Therefore, the secondary
method of data collection as it will assist the researcher in attaining critical and relevant
information. They can be beneficial as it will help the researcher in collecting data in less
time and less costs. However, it can be biased and discriminated.
Sampling: Basically, there are two techniques of sampling such as probability sampling and
non-probability. For the current research the role of digital technologies for the growth of
entrepreneurial firm journals, the two articles are selected on which the critical analysis will
be based upon. The selected articles are “Journal of entrepreneurship and innovation in
emerging economies” and “Exploring the impact of digital transformation on technology
entrepreneurship and technology market expansion: The role of technology readiness,
exploration and exploitation”. This sampling is because it provide quantitative data from
larger sample and in minimum time. Non-probability sampling is not convenient within a
research because it not assist in selecting of larger sample.
2

Data analysis: For the current research on the role of digital technologies for the growth of
entrepreneurial firm journals, the frequency distribution analysis as an analytical tool will be
adapted by researcher for data collection and quantitative information from secondary data
which is selected journals. They can be beneficial as it will help the researcher in collecting
data in less time and less costs. However, it can be biased and discriminated
Critical review of article
The main aim of the current chosen article which is based on entrepreneurship and
innovation in emerging economies indicating that proper opportunity prevailing across the
boarders can be identified. The main objective which are focused by the current research is to
have proper policy development agendas (Journal of entrepreneurship and innovation in
emerging economies, 2020). In the particular article the objective has been formed that potential
issues regarding supporting for transactional entrepreneurs. It has given emphasis on having
roper level of study regarding entrepreneurship which get influenced from emerging markets,
geographical distinct, etc. The research questions which can be solved by referring this journal
includes how entrepreneur involves market digital entrepreneur ship scene. In addition to this,
how shaping digital entrepreneurship play role in relationship to international context. The
quantitative approach has been taken into consideration for formulating design of this particular
research. The sampling size in this particular research is involves 25 firms which has been
selected for accomplishing answers for the specified research question. Random sampling
technique has been selected by the scholar for selecting this particular research. Open ended
depth interview has been conducted with each participant for deriving knowledge regarding role
of digital practices in success of their business
The background of the particular research pay attention on explaining how entrepreneur
function with help of available digital technologies through adopting innovative practices.
Entrepreneurship plays a vital role in every business because every big organization started out
as a start-up business, led by an entrepreneur. Innovation in the current era, has been considered
to be one of the significant factor that can lead an entrepreneur towards success. For having
relevant functioning in the environment (Breshnahan, Gambardella & Saxenian, 2001). From the
evaluation of this it can be specified that innovation and inter-personal skill is considered to be
one of the crucial component which helps in having advanced digital technologies so that quality
3

based output in operational activities can be derived. Innovativeness plays significant role in
influencing quality of products so that technological aspect enhancing superiority of
technological devices. The particular journal tend to give emphasis on having relevant
functioning by successful development of new technologies through ensuring growth and
development of entrepreneurial venture. In this article the strategic initiatives so that individual
can gain relevant functioning in turn better productiveness can be derived (Dabic, González-
Loureiro & Harvey, 2015).
There are large number of components which are required to be taken into consideration
by entrepreneur as having process by which h former employees of incumbents firm. In against
to this, it can be specified that entrepreneur is required to focus on having significant level of
processing which can be developed by building relevant ability to achieve alliance and hiring
individuals from the outside the organization. It can be specified that growing rate of digital
practice is helpful for entrepreneur to gain significant level of competitiveness. From the
evaluation of specified information it can be articulated that venture creation by ethnic
entrepreneur by exploring business & technological expertise of high tech industries in emerging
economies (Brinkerhoff, 2016). The phenomenon of the transactional entrepreneurship implies
as distinct h opportunity structure. There is clear distinction between the prevailing factors like
migrants and transactional entrepreneurship has been done. On the basis of this it can be
articulated that there is requirement to focus on having relevant application of the technological
devices in turn higher level of competitive edge in entrepreneurial activities can be derived.
This can be criticized that the particular research has given emphasis on having
quantitative research. It has evaluated that risk in emerging economies is found to insufficient
for shaping entrepreneur. There are few resources available to access to make decision. In
addition to this, having process to bottom up entrepreneur exist & risk for supporting innovation
so that main opportunity driven can be obtained. On the other side, it can be interpreted that
there is critical mass of local entrepreneurs for foster a diverse array h of digital
entrepreneurship ideas. There is requirement to pay attention on engaging to use digital practices
so that risky and too costly to manage the finance in significant manner. It has as well articulated
that there should be proper application of financing resources can become possible. There should
be significant execution of digital model in turn higher functioning can be derived (Chen & Tan,
2009).
4

On the basis of provided information regarding background and research type with help of
which research has been conduct by taking interview from 25 entrepreneurs. It is criticized that
organization is required to focus on having relevant level of functioning by paying attention on
qualitative research type so that detailed information can be derived. The qualitative research
type is highly suitable for the current study in turn proper insights regarding theories and models
can be derived. To make a successful research it is highly essential for the current study to adopt
other technique of selecting sample size.
Another chosen article is Exploring the impact of digital transformation on technology
entrepreneurship and technology market expansion: The role of technology readiness,
exploration and exploitation. In this journal, the goal is to access and address the various issues
of digital technology transformation on the value creating in various sectors by the study of
technology entrepreneurship and technology market expansion. The journal states that the
market expansion and technology entrepreneurship are crucial concepts today because they are
dynamic capabilities which allow the companies to embrace digital innovation on a global level.
In the journal, the data sample is taken from 28 European countries which represents
development indicators and also the ease of running business in the timescale from 2009 to
2015. The data is analyzed for formulation and investigation of new prospective of the digital
entrepreneurship which is driven by the concepts such as entrepreneurship and digital
transformation (Chung & Tung, 2013).
In the journal, the transformation is categorized into three distinct categories which are
technology readiness, digital technology exploitation and digital technology exploration as well.
These categories can be understood as the ICT investments, patents and trademarks and research
and development etc. The journal clearly provides the definition, explanation and examples of
these technologies as well. However, the journal could have involved more research on these
technologies and concentrated more on technological development of the companies’ through
these technologies.
The journal focus on providing various implications for business management and the
practitioners as well. The journal also analysis various measures in all the three categories to
technology i.e. digital technology readiness, digital technology exploitation and digital
technology exploration as well. The journal also interprets the results in these categories. The
5

journal also discuss about the entrepreneurship technologies are connected with the smaller
organizations rather than large organizations and also concentrates on introduction of new
venues, applications and products as well.
The article also provided definitions of all the important keywords used in the overall articles.
This helps in analysis of the whole article clearly and easily. In small enterprises, exploration
and exploitation of various innovative opportunities to capture their actual entrepreneurial
activities and tasks (Exploring the impact of digital transformation on technology
entrepreneurship and technological market expansion: The role of technology readiness,
exploration and exploitation, 2021). The journal discuss the various ways through which an
organizational explore and exploit its opportunities within its environments. The journal also
states the BMIA (Business Model of Intercultural Analysis) model. This mechanism is also
explained in the article which is a framework for opportunity exploitation, enterprise leadership
and as well as for the entrepreneurship transformation. The digital transformation on value
creation is based on the indicators which as referred as the types of technologies discussed in the
whole article.
However, the approach in the journal can be criticized as in the journal, the sample size
taken is too big. To analyze the effect of digital technologies on organization the sample size is
very large. If the size was smaller to focus in detailed and analysis could be more easier. Also
due to the size of data sample size, the accuracy of data might be influenced. To analyze the
accuracy of data become more difficult here (Collings, Scullion, & Dowling, 2009). If the
sample size is small, it make it easier to track the accuracy of the data. Another criticism for the
article is that the article focus on various relationships between the technology readiness,
technology exploration and technology exploitation. This creates confusion and difficulty to
grasp all the knowledge as well.
Conclusion:
From the above analysis, it can be concluded that entrepreneurship refers to the ability and
readiness organization to develop, organize and run business. Due to the competitive era,
adoption of digital technologies by the organizations have become essential. The report involves
the evaluation of two journals based on the role of digital technologies for achieving growth of
entrepreneurship. Firstly the systematic description of the method through which the journals
and articles were selected is discussed. It involves, research philosophy, research approval,
6

research strategy, research choice as well as data collection and data analysis is explained. For
the research the journals selected are “Journal of entrepreneurship and innovation in emerging
economies” and “Exploring the impact of digital transformation on technology entrepreneurship
and technology market expansion: The role of technology readiness, exploration and
exploitation”. Critical review of both the articles is also provided. The first article focus on
having roper level of study regarding entrepreneurship which get influenced from emerging
markets, geographical distinct, etc. and the other article focus on accessing and addressing the
various issues of digital technology transformation on the value creating in various sectors by
the study of technology entrepreneurship and technology market expansion. The articles are also
criticized due to their sample size etc.
7

REFERENCES
Books and Journals
Breshnahan, T., Gambardella, A., & Saxenian, A.L. (2001). Old economy inputs for new
economy outcomes: Cluster formation in the new Silicon Valleys. Industrial and
Corporate Change, 10(4), 835–860.
Brinkerhoff, J.M. (2016). Institutional reform and diaspora entrepreneurs: The in-between
advantage. Oxford: Oxford University Press.
Cecez-Kecmanovic, D. and et.al., 2020. Advancing qualitative IS research methodologies:
Expanding horizons and seeking new paths. Journal of the Association for
Information Systems, 21(1), p.1.
Chen, W., & Tan, J. (2009). Understanding transnational entrepreneurship through a network
lens: Theoretical and methodological considerations. Entrepreneurship Theory and
Practice, 33(5), 1079–1091.
Chung, H., & Tung, R. (2013). Immigrant social networks and foreign entry: Australia and New
Zealand firms in the European Union and Greater China. International Business
Review, 22(1), 18–31.
Collings, D.G., Scullion, H., & Dowling, P.J. (2009). Global staffing: A review and thematic
research agenda.
Dabic, M., González-Loureiro, M., & Harvey, M. (2015). Evolving research on expatriates:
What is ‘known’ after four decades (1970–2012). The International Journal of
Human Resource Management, 26(3), 316–337.
International Journal of Human Resource Management, 20(6), 1253–1272.
Lassonde, C.A. and Galman, S., 2019. Self-study research methodologies for teacher educators.
BRILL.
Naepi, S., 2019. Pacific research methodologies. In Oxford Research Encyclopedia of
Education.
Rippa, P. and Secundo, G., 2019. Digital academic entrepreneurship: The potential of digital
technologies on academic entrepreneurship. Technological Forecasting and Social
Change, 146, pp.900-911.
Online references:
Exploring the impact of digital transformation on technology entrepreneurship and technological
market expansion: The role of technology readiness, exploration and exploitation. 2021.
[online]. Available through:
<https://www.researchgate.net/publication/346654091_Exploring_the_impact_of_digit
al_transformation_on_technology_entrepreneurship_and_technological_market_expans
ion_The_role_of_technology_readiness_exploration_and_exploitation >
Journal of entrepreneurship and innovation in emerging economies. 2020. [Online]. Available
through: <https://journals.sagepub.com/doi/full/10.1177/2393957519885513>
8