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Digital Entrepreneurship

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Data Science for Entrepreneurship

Part of the book series: Classroom Companion: Business ((CCB))

Abstract

In the past few decades, technological development has led to the digitization and digitalization of (mostly developed) economies into what one could now call digital economies. In a digital economy, digital entrepreneurs pursue opportunities to produce and trade in digital artifacts on so-called digital artifact stores or platforms and/or to create these digital artifact “stores” or platforms themselves. In this chapter, we extensively discuss the effects of a number of typical features of digital economies, such as the presence of (indirect) network effects and digital technologies reducing a number of important economic costs, on the extent and nature of entrepreneurial activity in such economies. Digital platforms have become one of the most discussed forms of digital entrepreneurship. We elaborate on how to create and grow a successful digital platform firm, but also how to successfully compete on such digital platforms. The latter is not so easy, given a number of challenges that digital entrepreneurs typically face when being active on such platforms. Finally, we describe the main features of a digital entrepreneurial ecosystem, in which digital entrepreneurs typically operate, and explain how they can be supported and regulated by policymakers, if necessary at all.

A condensed version of this chapter has appeared previously in Naudé, Wim; Liebregts, Werner (2020): Digital Entrepreneurship Research: A Concise Introduction, IZA Discussion Papers, No. 13667, Institute of Labor Economics (IZA), Bonn. Reused with permission.

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Notes

  1. 1.

    See 7 https://www.worldbank.org/en/research/brief/digital-business-indicators.

  2. 2.

    In case of non-rivalrous goods, increased demand does not affect the supply left for other individuals. A good example is Netflix, where more views of the movies and series offered by them do not have any effect on the opportunities for other people to also watch these movies and/or series.

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Author information

Authors and Affiliations

  1. RWTH Aachen University, Aachen, Germany

    Wim Naudé

  2. Jheronimus Academy of Data Science (JADS), ‘s-Hertogenbosch, The Netherlands

    Werner Liebregts

  3. Tilburg University, Tilburg, The Netherlands

    Werner Liebregts

Authors
  1. Wim Naudé
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  2. Werner Liebregts
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Corresponding author

Correspondence to Wim Naudé .

Editor information

Editors and Affiliations

  1. Jheronimus Academy of Data Science, 's- Hertogenbosch, The Netherlands

    Werner Liebregts

  2. Jheronimus Academy of Data Science, 's- Hertogenbosch, The Netherlands

    Willem-Jan van den Heuvel

  3. Jheronimus Academy of Data Science, 's- Hertogenbosch, The Netherlands

    Arjan van den Born

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Naudé, W., Liebregts, W. (2023). Digital Entrepreneurship. In: Liebregts, W., van den Heuvel, WJ., van den Born, A. (eds) Data Science for Entrepreneurship. Classroom Companion: Business. Springer, Cham. https://doi.org/10.1007/978-3-031-19554-9_12

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