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Corporate digital entrepreneurship: leveraging industrial Internet of things and emerging technologies

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posted on 2023-08-07, 13:10 authored by Swapan Ghosh, Mathew Hughes, Paul Hughes, Ian HodgkinsonIan Hodgkinson

Industrial firms are under severe pressure to innovate by leveraging the industrial Internet of things (IIoT) and emerging digital technologies. Digital entrepreneurship for existing organizations (corporate digital entrepreneurship) is a key differentiating factor in a highly competitive and disruptive environment. However, there is limited guidance for corporate digital entrepreneurship and industrial managers do not have a conceptual framework to navigate their organizations for new product and process innovation. This paper discusses the importance of emerging digital technologies for digital entrepreneurship and presents a conceptual framework of corporate digital entrepreneurship highlighting three elements—business model transformation, operating model transformation, and cultural transformation—which is necessary for fostering digital entrepreneurship in organizations. The chapter presents three case studies and discusses practical implications for the future.

History

School

  • Loughborough Business School

Department

  • Business

Published in

Digital Entrepreneurship: Impact on Business and Society

Pages

183 - 207

Publisher

Springer

Version

  • VoR (Version of Record)

Rights holder

© The Author(s)

Publisher statement

This chapter is licensed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made. The images or other third party material in this chapter are included in the chapter's Creative Commons license, unless indicated otherwise in a credit line to the material. If material is not included in the chapter's Creative Commons license and your intended use is not permitted by statutory regulation or exceeds the permitted use, you will need to obtain permission directly from the copyright holder.

Publication date

2020-11-14

Copyright date

2021

ISBN

9783030539139; 9783030539160; 9783030539146

Book series

Future of Business and Finance

Language

  • en

Editor(s)

Mariusz Soltanifar; Mathew Hughes; Lutz Göcke

Depositor

Prof Ian Hodgkinson. Deposit date: 19 July 2023

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