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Technology And Innovation As Drivers Of Entrepreneurial Development: A Conceptual And Literature-Based Approach

Author

Listed:
  • Corina-Ionela Dumitrescu

    (National University of Science and Technology POLITEHNICA Bucharest, Bucharest University Centre)

  • Nicoleta Niculescu

    (National University of Science and Technology POLITEHNICA Bucharest, Bucharest University Centre)

  • Iuliana Grecu

    (National University of Science and Technology POLITEHNICA Bucharest, Bucharest University Centre Author-Name Mirona Ana Maria Ichimov
    National University of Science and Technology POLITEHNICA Bucharest, Bucharest University Centre Author-Name Adelina – Elena BÃDESCU
    National University of Science and Technology POLITEHNICA Bucharest, Bucharest University Centre)

Abstract

This paper explores the fundamental aspects of technology and innovation in entrepreneurship, highlighting their essential role in business development and success. The study begins with a synthesis of relevant literature, providing a solid theoretical framework on the interdependence between technology, innovation, and entrepreneurship. It analyses how technology and innovation support entrepreneurs by enhancing competitiveness, adaptability, and sustainable value creation. The chapter on technological entrepreneurship emphasises the characteristics and strategies of entrepreneurs leveraging emerging technologies to develop innovative products and services. Innovation is discussed as a key factor for entrepreneurial success, highlighting the benefits of effective innovation strategies as well as potential risks or drawbacks. Different types of innovation are analysed in terms of their impact on decision-making processes and organisational performance. Finally, the paper examines the further expansion of technological entrepreneurship and innovation, focusing on emerging trends and the role of innovative strategies in helping companies adapt to rapid changes in economic and technological environments.

Suggested Citation

  • Corina-Ionela Dumitrescu & Nicoleta Niculescu & Iuliana Grecu, 2025. "Technology And Innovation As Drivers Of Entrepreneurial Development: A Conceptual And Literature-Based Approach," Scientific Bulletin - Economic Sciences, University of Pitesti, vol. 24(2), pages 49-64.
    • Handle: RePEc:pts:journl:y:2025:i::p1:49-64
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    References listed on IDEAS

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    1. Sorin BLAGA, 2021. "Social Entrepreneurs’ Identity. A Case Study Of Romania," Scientific Bulletin - Economic Sciences, University of Pitesti, vol. 20(2), pages 13-24.
    2. Roger Miller & Xavier Olleros, 2007. "The Dynamics Of Games Of Innovation," International Journal of Innovation Management (ijim), World Scientific Publishing Co. Pte. Ltd., vol. 11(01), pages 37-64.
    3. Erica Mazzola & Manfredi Bruccoleri & Giovanni Perrone, 2012. "The Effect Of Inbound, Outbound And Coupled Innovation On Performance," International Journal of Innovation Management (ijim), World Scientific Publishing Co. Pte. Ltd., vol. 16(06), pages 1-27.
    4. Michael A. Hitt & R. Duane Ireland & S. Michael Camp & Donald L. Sexton, 2001. "Strategic entrepreneurship: entrepreneurial strategies for wealth creation," Strategic Management Journal, Wiley Blackwell, vol. 22(6‐7), pages 479-491, June.
    5. Robert A. Baron & Michael D. Ensley, 2006. "Opportunity Recognition as the Detection of Meaningful Patterns: Evidence from Comparisons of Novice and Experienced Entrepreneurs," Management Science, INFORMS, vol. 52(9), pages 1331-1344, September.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

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    JEL classification:

    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship
    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D

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