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Development of Digital Entrepreneurship and New Business Models as a Result of the Expansion of Information Systems

  • Slavica Mitrović Veljković
  • Jelena RautEmail author
  • Boban Melović
  • Đorđe Ćelić
Conference paper
  • 17 Downloads
Part of the Lecture Notes on Multidisciplinary Industrial Engineering book series (LNMUINEN)

Abstract

We have witnessed that the Internet has brought with it many consequences, through its development. Rapid changes in the business environment increase the pressure on businesses to adapt their business logic and processes to stay ahead of the market and their competitors. Certainly, one of the biggest consequences of the development of the Internet, as a globally accessible network, is digital entrepreneurship, with its new forms of business, or business models that have had an impact on all of humanity, especially in the last decade of the 21st century. Digital entrepreneurship is a phenomenon that occurs through technological means, such as the Internet and information and communication technology. As the phenomenon of digitalization causes different implications for rapid change, it is of utmost importance for entrepreneurs and their research as they need to be aware of new results, they need to know how to connect new results and identify new opportunities for their businesses. Digitization has created numerous opportunities for entrepreneurial activity, where entrepreneurs need to be aware of them in order to be prepared for sustainable innovations. Digitization has not been reduced to just one new development in entrepreneurship, as business models appear to be facing a major shift towards the entire digital environment. This paper aims to explain the phenomenon of digital entrepreneurship, as well as the development of new models, including all the influential factors that contribute to it.

Keywords

Information and communication systems Digital entrepreneurship Business models Innovation Changes 

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Copyright information

© Springer Nature Switzerland AG 2020

Authors and Affiliations

  • Slavica Mitrović Veljković
    • 1
  • Jelena Raut
    • 1
    Email author
  • Boban Melović
    • 2
  • Đorđe Ćelić
    • 1
  1. 1.Faculty of Technical SciencesUniversity of Novi SadNovi SadSerbia
  2. 2.Faculty of EconomicsUniversity of MontenegroPodgoricaMontenegro

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