Digital Entrepreneurship Strategies

Digital entrepreneurship is the evolution of business models that are powered by the internet. It is not dependent on a specific location and uses smartphones, laptops, and the internet to market products and services, including electronic books. Its popularity has helped make the world a much smaller place and created new business opportunities for entrepreneurs to exploit. It has also made it easier for traditional companies to become digital to ensure they can retain their existing customers and expand beyond their physical location.

Digital entrepreneurs require a variety of strategies to create and sustain a business powered by the internet. These strategies include scalable business models, strategic partnerships and networking. They also need to be effective in communication and perceptive management. Digital entrepreneurs must also possess an unwavering perspective and be able to overcome obstacles.

Digital entrepreneurs must be able when implementing and developing a scalable digital artifact to identify an acceptable Value Proposition (VP). Typically, this means recognizing and capitalising on disrupting VPs that can transform existing business practices into digital business models https://boardroom360.info/what-is-a-diverse-board/ or generate new ones entirely. Netflix, Airbnb and Uber are just a few examples of digital entrepreneurs who have employed this approach to their advantage.

Case study research is a good method for studying digital business. This is because case studies provide an in-depth study of real world issues and aid in answering ‘What’ and ‘How?’ questions.