Work

Entrepreneurial alertness toward responsible research and innovation: Digital technology makes the psychological heart of entrepreneurship pound

Year: 2021

Type: article

Abstract: Using entrepreneurial discovery theory, this study explains how digital applications can drive entrepreneurial alertness across heterogenous innovation ecosystems. A diverse set of stakeholders have been analyzed when performing entrepreneurial discovery tasks on a digital platform ecosystem. A quantitative survey-based experimentation phase with 686 individuals was conducted in two moderate-innovation ecosystems—Greece and Spain—and two defined as innovation leaders—Scotland and the Netherlands—on the European Innovation Scoreboard. Based on structural equation models, the findings show that digital applications, including discovery tasks, facilitate entrepreneurial alertness regardless of the innovation ecosystem in which the user operates. Additionally, Kruskal-Wallis tests reinforce that the relationship between perceived quality of digital applications for discovery tasks and perceived entrepreneurial alertness remains significantly positive despite heterogeneity across stakeholders and innovation ecosystem. Through its psychological foundations, this work reveals how digital technologies alert any kind of individual to potential entrepreneurial opportunities. It thus contributes to research on digital economies by evaluating digital technologies’ potential to boost psychological starting drivers of any entrepreneurial endeavor across innovation ecosystem. Although this study is of interest to a wide range of stakeholders, it is particularly relevant for potential entrepreneurs and policymakers as an inspiration for new ideas to strengthen sustainable innovation ecosystems.

Source: Technovation

DOI: 10.1016/j.technovation.2021.102384

Author: Katharina Fellnhofer

Institutions: Harvard University, ETH Zurich

Language: English

Topic: Entrepreneurship Studies and Influences

Subfield: Management of Technology and Innovation

Field: Business, Management and Accounting

Domain: Social Sciences

SDGs: Decent work and economic growth, Industry, innovation and infrastructure

Open Access status: hybrid

Estimated APC paid: $3,530