Gerald Steiner, Guest Editor, Krems University of Donau, Austria
Aleksandra Gaweł, Guest Editor, Poznań University of Economics and Business, Poland
Maciej Pietrzykowski, Guest Editor, Poznań University of Economics and Business, Poland
We stand on the brink of a technological revolution, that will fundamentally alter the way we live, work and relate to one another (Schwab, 2016). This revolution is reflected in manufacturing that usesdigital technologies and artificial intelligence for its physical production, in the replacement and augmentation of certain kinds of labour using automation technologies,in the ongoing development of the internet of things, as well as in nanotechnology, 3D printing, biotechnology, quantum computing, renewable energy and energy storage (Ward, 2016). The Fourth Industrial Revolution,and its embedded notion of digital innovation and entrepreneurship, is perceived as a driver of structural transformation, boosting economic growth at an international level. Digitalization encompasses a wide range of new applications of informationtechnology and products that are not only transforming business models andthe economy itself, but arealso strongly influencing social interactions. Digitalization is both an enabler and a disruptor of business (IMF, 2018).As we look into the reality of it all, many digital technology-based projects have changed both business and way we perceive the world and social relations. However, many of these projects have either partially or completely failed, despite large-scale adoption, depending heavily on the type of market and the country of destination (Khan, 2017). The interesting question is – what are the factors that offer success to the entrepreneurs who decide to be innovators on a global scale? Due to the remarkable change in the business models that are used now, we need to redefine our ideas and notions, and adjust them to fit the new requirements of this contemporary world. While the initial definition of entrepreneurship emphasized the risks connected with buying at a certain price and selling at an uncertain one, a new definition of entrepreneurship in the digital era underlines the need to pursue opportunities that are based on digital media, and information and communication technologies (Davidson & Vaast, 2010). Entrepreneurship initiatives in this way facilitate organizational growth and success, focusing on the role of digital technologies and innovation in a business environment. The digital world has no boundaries, which means that every innovation has no geographic limits and can become global from the moment it is born. Information technology and new media have become a source of competitive upheaval and innovation in business processes and models. Processing terabits of information requires special infrastructure, dedicated knowledge, strategic thinking, and a vision which fits completely with this digital era.
Thus, we are interested in investigating the role of digitalization and global innovation in the entrepreneurial field, binding together research from different disciplines. We are looking not only at products and services, but also at processes and strategies, changing business models, information management, structural transformation, sustainable development, and government policies.
Potential authors andresearchers, as well as practitioners, are invited to contribute to this issue of JEMI. We invite both research and conceptual papers that provide more insights, and recent theoretical developments, on innovation and entrepreneurship in the digital era research agenda.
Proposed research topics, among many others, may fit within:
- How do established companies reshape their business models and strategies to respond to the new requirements of the digital era?
- How do new ventures adapt business models to build a competitive advantage in the global market? What are the key success factors?
- Do new ventures that operate on a global scale stay competitive in the long-run?
- How do new businesses in the digital era influence regional and local development? Is development more sustainable in this way?
- How do economic and business platforms reshape the competitive landscape?
- Is there a place for social entrepreneurship in the digital era?
- Is there a place for environmental issues in the digital era?
- What are the challenges facing national and supranational policies of regulation and deregulation in the digital era?
- What are the expected consequences of further development of digitalization and information-based technologies?
- Does the digital era lead to greater social exclusion and marginalization? Or does it rather build a common platform for social integration?
- Davidson, E., & Vaast, E. (2010).Digital entrepreneurship and its sociometrical enactment.In Proceedings of the 43rd Hawaii International Conference on System Sciences.Washington, DC: IEEE Computing Society, Koloa, Kauai HI, 1-10.
- IMF, (2018). Measuring the digital economy.Report of the International Monetary Fund. Washington DC. Retrieved from https://www.imf.org/~/media/Files/Publications/PP/2018/022818MeasuringDigitalEconomy.ashx
- Khan, R.H.(2017). Dynamics of digital entrepreneurship and innovation: insights from an emerging market.PhD thesis.Coventry, University of Warwick.Retrieved from http://webcat.warwick.ac.uk/record=b3156665~S15
- Schwab, K. (2016). The Fourth Industrial Revolution.World Economic Forum. Retrieved from https://www.weforum.org/agenda/2016/01/the-fourth-industrial-revolution-what-it-means-and-how-to-respond/
- Ward, M. (2016). Fourth Industrial Revolution.House of Commons Library, Debate Pack. No CDP 2016/0153.Retrieved from https://researchbriefings.parliament.uk/ResearchBriefing/Summary/CDP-2016-0153#fullreport
Submission deadline: 30 December 2019
Papers reviewed: 29 February 2020
Revised papers reviewed and accepted: 30 April 2020
Final versions of accepted papers delivered: 30 May 2020
Papers published: 2020