IDEAS home Printed from https://ideas.repec.org/a/ibn/jmsjnl/v14y2024i2p155.html
   My bibliography  Save this article

Sustainable Entrepreneurship in the Age of Digital Transformation

Author

Listed:
  • Hamed Vares
  • Mohammad Kargar Shouraki
  • Naji Yazdi

Abstract

Entrepreneurship is widely recognized as a driver of innovation and economic growth, supported by nations globally. It is an efficient and effective activity leveraging available resources, driven by creativity and innovation, to achieve specific business outcomes. This involves producing and offering new and innovative products and services, aligning with market needs, while embracing risk and flexibility. However, the concepts of entrepreneurship have undergone significant changes in recent years. The world has been grappling with major environmental and social challenges over the past few decades. Despite technical, economic, and social advancements, these challenges persist and continue to have destructive impacts over time. Can entrepreneurship help address these grand challenges? Traditionally, entrepreneurship has been studied as a mechanism to stimulate economic development and create financial value. However, growing awareness of global social and environmental challenges has led many scholars to reconsider entrepreneurship, viewing it not merely as a profit-generating activity but as an effort that should also incorporate elements fostering social and environmental development. Accordingly, traditional entrepreneurship, focusing solely on economic profitability, is increasingly evolving into sustainable entrepreneurship, aiming to tackle social and environmental challenges in the digital age. The analysis of the role of sustainability in the digital age on new entrepreneurship is a significant topic that requires a more detailed and profound examination. This research has been conducted using a systematic review methodology. Initially, relevant articles were selected from four reputable databases- Science Direct, Scopus, Web of Science, and MPDI, using the keywords “sustainable entrepreneurship” and “digital entrepreneurship.” After several screening stages, including reviewing titles, abstracts, and content, a total of 42 articles from reputable journals ranked Q1 and Q2 were chosen as the final selected papers. Upon thorough examination of these articles, new entrepreneurship based on sustainability in the digital age was described. The conclusion drawn is that in new entrepreneurship, in addition to the economic sustainability emphasized in traditional entrepreneurship, it is essential to focus on two important aspects- environmental sustainability and social sustainability. Furthermore, it is suggested that digital transformation technologies should be utilized to accelerate the implementation of these sustainability aspects.

Suggested Citation

  • Hamed Vares & Mohammad Kargar Shouraki & Naji Yazdi, 2024. "Sustainable Entrepreneurship in the Age of Digital Transformation," Journal of Management and Sustainability, Canadian Center of Science and Education, vol. 14(2), pages 155-155, June.
    • Handle: RePEc:ibn:jmsjnl:v:14:y:2024:i:2:p:155
    as

    Download full text from publisher

    File URL: https://ccsenet.org/journal/index.php/jms/article/download/0/0/51004/55318
    Download Restriction: no
    File URL: https://ccsenet.org/journal/index.php/jms/article/view/0/51004
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Liliya Satalkina & Gerald Steiner, 2020. "Digital Entrepreneurship and its Role in Innovation Systems: A Systematic Literature Review as a Basis for Future Research Avenues for Sustainable Transitions," Sustainability, MDPI, vol. 12(7), pages 1-27, April.
    2. Felicia Constantin & Androniki Kavoura, 2022. "Digital Entrepreneurship via Sustainable Online Communication of Dentistry Profession, Oradea, Romania: A Longitudinal Analysis," Sustainability, MDPI, vol. 14(2), pages 1-20, January.
    3. Avelar, Sónia & Borges-Tiago, Teresa & Almeida, António & Tiago, Flávio, 2024. "Confluence of sustainable entrepreneurship, innovation, and digitalization in SMEs," Journal of Business Research, Elsevier, vol. 170(C).
    4. Guangping Xu & Guangyuan Hou & Jinshan Zhang, 2022. "Digital Sustainable Entrepreneurship: A Digital Capability Perspective through Digital Innovation Orientation for Social and Environmental Value Creation," Sustainability, MDPI, vol. 14(18), pages 1-24, September.
    5. Gedas Baranauskas & Agota Giedrė Raišienė, 2022. "Transition to Digital Entrepreneurship with a Quest of Sustainability: Development of a New Conceptual Framework," Sustainability, MDPI, vol. 14(3), pages 1-13, January.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Cristina Nicolau & Eliza Nichifor & Daniel Munteanu & Oana Bărbulescu, 2022. "Decoding Business Potential for Digital Sustainable Entrepreneurship: What Romanian Entrepreneurs Think and Do for the Future," Sustainability, MDPI, vol. 14(20), pages 1-21, October.
    2. David Hidalgo-Carvajal & Ruth Carrasco-Gallego & Gustavo Morales-Alonso, 2021. "From Goods to Services and from Linear to Circular: The Role of Servitization’s Challenges and Drivers in the Shifting Process," Sustainability, MDPI, vol. 13(8), pages 1-26, April.
    3. Alberto Michele Felicetti & Vincenzo Corvello & Salvatore Ammirato, 2024. "Digital innovation in entrepreneurial firms: a systematic literature review," Review of Managerial Science, Springer, vol. 18(2), pages 315-362, February.
    4. Du, Kunhai & Zhao, Qicheng & Yin, Yugang & Zhang, Tiancheng, 2024. "Marketing executives and corporate performance: From the perspective of marketing digitalization," International Review of Economics & Finance, Elsevier, vol. 93(PA), pages 631-644.
    5. Albérico Travassos Rosário & Joana Carmo Dias, 2023. "The New Digital Economy and Sustainability: Challenges and Opportunities," Sustainability, MDPI, vol. 15(14), pages 1-23, July.
    6. Xin Wang & Shan Sun & Yanlong Guo & Tieqiao Xiao, 2024. "An analysis of the driving forces behind the Yangtze River Delta (YRD) region’s high-quality growth in the digital creative industries," PLOS ONE, Public Library of Science, vol. 19(11), pages 1-19, November.
    7. Wided Ragmoun, 2024. "The Analysis of Trigger Factors of the Environmental Entrepreneurship Process in Saudi Arabia: An Innovative Approach," Economies, MDPI, vol. 12(9), pages 1-19, September.
    8. Zhong, Changbiao & Zhang, Chao, 2024. "Can data elements enhance urban innovation? Evidence from China," China Economic Review, Elsevier, vol. 88(C).
    9. Rishi Kant Kumar & Srinivas Subbarao Pasumarti & Ronnie Joshe Figueiredo & Rana Singh & Sachi Rana & Kumod Kumar & Prashant Kumar, 2024. "Innovation dynamics within the entrepreneurial ecosystem: a content analysis-based literature review," Palgrave Communications, Palgrave Macmillan, vol. 11(1), pages 1-15, December.
    10. Zhen, Zhiyong & Cao, Ruoshan & Gan, Xiaohang & Wang, Chen, 2024. "The impact of digital finance on urban entrepreneurial activity: The moderating effect of advanced human capital structure," Finance Research Letters, Elsevier, vol. 64(C).
    11. Jaiandra da Silva Guimarães & Cristina Fernandes & Pedro Mota Veiga & Veland Ramadani, 2025. "The Relationship between Entrepreneurial Ecosystems and Digital Transformation," FIIB Business Review, , vol. 14(1), pages 28-42, January.
    12. Shahzad, Muhammad Farrukh & Xu, Shuo, 2024. "Antecedents of international entrepreneurship and emerging technologies help to achieve sustainable development goals: Moderating role of global mindset," Technological Forecasting and Social Change, Elsevier, vol. 209(C).
    13. Kai Zhao & Jiaqi Yang & Wanshu Wu, 2023. "Impacts of Digital Economy on Urban Entrepreneurial Competencies: A Spatial and Nonlinear Perspective," Sustainability, MDPI, vol. 15(10), pages 1-16, May.
    14. Teresa Riso & Carla Morrone, 2023. "To Align Technological Advancement and Ethical Conduct: An Analysis of the Relationship between Digital Technologies and Sustainable Decision-Making Processes," Sustainability, MDPI, vol. 15(3), pages 1-21, January.
    15. Emilia Herman, 2022. "The Interplay between Digital Entrepreneurship and Sustainable Development in the Context of the EU Digital Economy: A Multivariate Analysis," Mathematics, MDPI, vol. 10(10), pages 1-28, May.
    16. Liliya Satalkina & Gerald Steiner, 2020. "Digital Entrepreneurship: A Theory-Based Systematization of Core Performance Indicators," Sustainability, MDPI, vol. 12(10), pages 1-22, May.
    17. Gedas Baranauskas & Agota Giedrė Raišienė, 2022. "Transition to Digital Entrepreneurship with a Quest of Sustainability: Development of a New Conceptual Framework," Sustainability, MDPI, vol. 14(3), pages 1-13, January.
    18. Kenneth Kayser & Arnesh Telukdarie & Simon P. Philbin, 2023. "Digital Start-Up Ecosystems: A Systematic Literature Review and Model Development for South Africa," Sustainability, MDPI, vol. 15(16), pages 1-24, August.
    19. Bejinaru Ruxandra, 2021. "Key issues of tranzition to digital entrepreneurship," Proceedings of the International Conference on Business Excellence, Sciendo, vol. 15(1), pages 91-101, December.
    20. Ghada Talat Alhothali & Haya Al-Dajani, 2022. "Emotions and Resilience in Saudi Women’s Digital Entrepreneurship during the COVID-19 Pandemic," Sustainability, MDPI, vol. 14(14), pages 1-20, July.

    More about this item

    JEL classification:

    • R00 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General - - - General
    • Z0 - Other Special Topics - - General

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ibn:jmsjnl:v:14:y:2024:i:2:p:155. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Canadian Center of Science and Education (email available below). General contact details of provider: https://edirc.repec.org/data/cepflch.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.