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Digital Entrepreneurship Dimensions and Strategies: Crowdsourcing and Digital Financing

Author

Listed:
  • Fernando J. Garrigos-Simon

    (Universitat Politècnica de València, Spain)

  • Shokooh Sadat Alizadeh Moghadam

    (Tarbiat Modares University, Tehran, Iran)

  • Leili Abdi

    (Philanthropic Studies, Indiana University, Lilly Family School of Philanthropy, USA)

  • Zahra Pourmirali

    (Freelancer Researcher, Iran)

  • Bahram Abdi

    (CEO of Artayana knowledged based company, Ardabil, Iran)

Abstract

This paper aims to investigate an agile, knowledge-based, innovative, and integrated solution for businesses, i.e., “Digital entrepreneurship†, which means creating new ventures and transforming existing businesses by developing novel digital technologies and novel usage of such technologies. On the one hand, financing the projects is unaffordable for the companies, and a crowdsourcing platform is a good way to mitigate the burden of expenditure. The Digital Entrepreneurship process is a multidisciplinary field: developing software is rooted in information systems (IS), conceptualising business models, and formulating strategy. In addition to that, digital entrepreneurship is located at the junction of knowledge, business, and institutional entrepreneurship. This complicated nature of digital entrepreneurship requires a strategy. The type of opportunities they pursue characterises the strategy of formation and sustainability for a new venture; therefore, the entrepreneurs need to select strategies to make the best position according to their resources or the attainable resources through crowdsourcing. We shed light on the importance of crowdsourcing to have a successful state-of-the-art business after reviewing the background of digital entrepreneurship, crowdsourcing, and the digital entrepreneurship strategy.

Suggested Citation

  • Fernando J. Garrigos-Simon & Shokooh Sadat Alizadeh Moghadam & Leili Abdi & Zahra Pourmirali & Bahram Abdi, 2021. "Digital Entrepreneurship Dimensions and Strategies: Crowdsourcing and Digital Financing," European Journal of Studies in Management and Business, EUROKD, vol. 18, pages 1-15.
    • Handle: RePEc:bco:mbrqaa::v:18:y:2021:p:1-15
    DOI: 10.32038/mbrq.2021.18.01
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    References listed on IDEAS

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    3. Kuester, Sabine & Konya-Baumbach, Elisa & Schuhmacher, Monika C., 2018. "Get the show on the road: Go-to-market strategies for e-innovations of start-ups," Journal of Business Research, Elsevier, vol. 83(C), pages 65-81.
    4. Clyde Eiríkur Hull & Yu-Ting Caisy Hung & Neil Hair & Victor Perotti & Richard DeMartino, 2007. "Taking advantage of digital opportunities: a typology of digital entrepreneurship," International Journal of Networking and Virtual Organisations, Inderscience Enterprises Ltd, vol. 4(3), pages 290-303.
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