Digital transformation in entrepreneurial firms through information exchange with operating environment

Changing digital technologies and innovation threaten established business models. Increasing uncertainty in the operating environment often drives the need to transform the core business model of firms through a process of digital business transformation (DBT). In this study, we conduct a longitudi...

Full description

Saved in:
Bibliographic Details
Published in:Information & management 2022-04, Vol.59 (3), p.103243, Article 103243
Main Authors: Gupta, Gaurav, Bose, Indranil
Format: Article
Language:English
Subjects:
Case study
Crowdfunding
Digital business transformation
Digital ventures
Hack-a-Joe labs
Operating environment
Wishberry
Citations: Items that this one cites
Items that cite this one
Online Access:Get full text
Tags: Add Tag
No Tags, Be the first to tag this record!
Description
Summary:Changing digital technologies and innovation threaten established business models. Increasing uncertainty in the operating environment often drives the need to transform the core business model of firms through a process of digital business transformation (DBT). In this study, we conduct a longitudinal study of two digital startups in the crowdfunding domain and identify the core attributes driving such transformation in digital ventures. We build a framework that examines how DBT takes place in entrepreneurial firms through information exchange with the environment. This research will help entrepreneurs and managers of such firms design and develop reactive business models for market success.
ISSN:0378-7206
1872-7530
DOI:10.1016/j.im.2019.103243