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Global digitization forces modern enterprises to respond to the rapid changes in the external environment and adapt to it. As a result, existing business models are being transformed in the areas of production, promotion, communication, calculations, interaction with partners and consumers. In this context, there is growing scientific interest in e...
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... 2018, a quarter of Ukrainian businesses used social media to promote their products, 18.7% cooperated with their business partners and 18.3% of enterprises maintained communication with their existing and potential customers (Table 2), which confirms the widespread use of social media for doing business effectively. Sources: compiled by the authors based on the data of State Statistics Service of Ukraine [22] On the other hand, only 13.9% of enterprises hired employees, 12.4% used social media to exchange views / knowledge within the enterprise and 11.6% -to engage customers in the development / innovation of goods and services [22]. ...Similar publications
Assessments are the fundamental media between students and educators. This paper aims to evaluate how to create assessments, how students learn from them, and how to link them to the industry and entrepreneurism. The implementation plan postulates how students can generate income from income-generation assessments or business innovation assessments...
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... Digitization is transforming the economy and society by enabling changes in models of interaction and social communication, business, production, and the provision of public services (Shkarlet et al., 2020). In the literature, it is often concluded that digital development enables the emergence of many business models that encourage innovation and efficiency, as this process improves connectivity, knowledge and experience, flexibility, and more (Bowman et al., 2018). ...
The aim of this research is to analyze the level of digital development achieved by sixteen European countries based on Microsoft's Digital Future Index from 2021. The countries analyzed in the report are classified into three groups: a) Digitally Advanced "Benchmark" Countries of Western Europe (the Netherlands, Denmark, Sweden, and Finland), b) Europe's Fast-Growing Digital Leaders (). By applying comparative graphical analysis, using a 45-degree line, the relationship between the Level of Digital Development and the Benefits of Digitization in these countries was examined. The findings indicate that economies with a relatively lower Digital Development Score achieved relatively higher Economic and Social Gains Scores. This highlights the need for more efficient management of digitalization factors in countries leading the digital development process. Furthermore, the inputs to the development of digitization and the economic and social results of achieved digital development were visually compared both for the three previously identified groups of European countries and specifically for the Republic of Serbia. The research findings demonstrate that the digital Followers of Central & Eastern Europe significantly lag behind the "Benchmark" countries of Western Europe and Europe's fast-growing digital leaders in terms of achieved digitalization levels. Serbia lags in the development of digital infrastructure, digital skills, the adoption of digital technologies, and the overall level of human capital development compared to other European countries.
... Likert scales were used to assess respondents' perceptions of various constructs, including green technological adoption (GTA), green innovation adoption (GIA), creative enterprise (CE), financial capability (FC), and digital economy integration. For measuring the scope of the digital economy, four items were adapted from [57]. The creative enterprise (CE) construct was assessed using four items, modified from [58]. ...
This study investigates the critical roles of green innovation adoption (GIA) and green technology adoption (GTA) in advancing the digital economy (DE). It explores how creative enterprises (CE) and financial capability (FC) mediate and moderate the relationships between green innovation, technology adoption, and the digital economy. Data were collected from 400 respondents in the automotive industry in China through a structured survey questionnaire. Structural Equation Modeling (SEM) was conducted using Smart PLS 4.0 to analyze the data and test the proposed hypotheses. The findings indicate that green innovation and technology adoption significantly and positively impact the digital economy. Moreover, these factors positively influence creative enterprises, enhancing the digital economy. Creative enterprises were also found to mediate the relationship between green innovation/technology adoption and the digital economy. In addition, financial capability significantly moderated the link between creative enterprises and the digital economy. This research contributes to the literature by examining the synergistic effects of environmental sustainability, innovation adoption, and technological integration within the digital economy. It provides actionable insights into embedding sustainable practices in the evolving digital landscape while highlighting the intricate dynamics among innovation, technology adoption, and financial resources in driving economic transformation. This study contributes to the literature by exploring the synergistic effects of green innovation, technology adoption, and financial capability in driving the digital economy, focusing on creative enterprises as a mediating factor. It provides actionable insights for integrating sustainability into the digital landscape, offering a novel framework for economic transformation in the automotive industry.
... Today, supply and demand are virtually interconnected, fuelled by continuous investment in the telecoms industry (telephone networks, satellites, etc.) that serve as the backbone of a new wave of internet expansion. This shift is increasingly targeting not only people but also things, as new technologies focus on capturing all possible data points, transforming the internet from a tool for democratising civil society, as originally expected, into an economic instrument [3]. In addition, the field of digital skills has experienced rapid growth in recent decades and has stimulated research in various areas. ...
The fourth industrial revolution has ushered in a new era in which technology is seamlessly integrated into daily life. The digital transformation has created new media formats that require the development of robust digital skills to navigate this landscape. By utilising the Youth Digital Skills Indicator (yDSI) and integrating it with the Digital Competence Framework for Citizens (DigComp 2.2), this research examines media habits and digital competences among Croatian youth aged 10–24, corresponding to Generations Alpha and Z. A sample of 231 participants across three competence domains—information literacy, security and communication—revealed statistically significant generational differences in the first two areas of digital skills. Furthermore, gender-based analyses, conducted using the Mann–Whitney U-test and Spearman correlations for Likert scale responses, showed no significant differences. These findings deepen our understanding of digital natives, how media habits evolve and influence their digital skills, highlighting the need for more tailored strategies to enhance their competences and bridge generational gaps.
... Selain itu, isu keamanan siber dan perlindungan data pribadi juga menjadi perhatian yang mendesak, mengingat meningkatnya ketergantungan masyarakat terhadap layanan digital. Selain tantangan internal, persaingan global di sektor digital juga menjadi salah satu faktor eksternal yang memengaruhi laju transformasi ekonomi digital (Shkarlet et al. 2020) Negara-negara maju dengan infrastruktur teknologi yang kuat dan inovasi yang terus berkembang telah menetapkan standar tinggi bagi pasar internasional. Hal ini menuntut negaranegara berkembang untuk terus meningkatkan daya saingnya melalui kebijakan yang mendukung adopsi teknologi, investasi di sektor digital, serta pengembangan sumber daya manusia yang berkompeten (Rahayu, Agus Supriyono, and Mulyawan 2022).Dengan langkahlangkah strategis yang tepat, transformasi ekonomi digital dapat menjadi peluang besar untuk mempercepat pertumbuhan ekonomi, mengurangi ketimpangan, serta menciptakan ekosistem yang mendukung pembangunan berkelanjutan. ...
Transformasi ekonomi digital telah menjadi fenomena global yang merevolusi berbagai sektor, mulai dari perdagangan, jasa keuangan, hingga manufaktur. Perkembangan teknologi digital, seperti kecerdasan buatan (AI), big data, Internet of Things (IoT), dan blockchain, telah menciptakan peluang signifikan dalam meningkatkan efisiensi, produktivitas, serta daya saing ekonomi. Penelitian ini bertujuan untuk mengkaji dampak transformasi ekonomi digital terhadap pertumbuhan ekonomi, inklusi keuangan, dan perubahan pola bisnis, dengan fokus khusus pada negara berkembang. Melalui analisis kualitatif yang didukung oleh data empiris, studi ini mengungkap bahwa adopsi teknologi digital mampu mempercepat inovasi, menciptakan lapangan kerja berbasis digital, serta memperluas akses pasar global bagi pelaku usaha mikro, kecil, dan menengah (UMKM). Di sisi lain, transformasi ini juga menghadirkan tantangan besar, termasuk ketimpangan digital antarwilayah, isu keamanan data, ancaman terhadap privasi pengguna, dan kurangnya kesiapan regulasi yang mendukung ekosistem digital.
... However, in terms of the DPE Index, Brazil is still in the middle between Uruguay and Argentina. As discussed earlier, there has been much literature that addresses how digital technology is transforming economic activity globally (Shkarlet et al., 2020), including transforming the small medium enterprises (Skare et al., 2023). A significant amount of the study on digital transformation examines its effects on enterprises and organizations, alterations in business processes, and the role of technology (Kraus et al., 2021). ...
p>Digital Entrepreneurship Ecosystem (DEE) integrates the concepts of Digital Ecosystem (DE) and Entrepreneurship Ecosystem (EE). Developed over the last decade, research and application of DEE in developing countries remains limited. In this paper, we use a DEE in the form of the Digital Platform Economy (DPE) index, which measures the state of DEE in 116 countries, taking Brazil as a case study and comparing it with two benchmark countries (Uruguay and Argentina) that are members of the MERCOSUR group of economies. Through a five-step structured analysis, we first examine the general condition of Brazil's DEE in terms of development and then analyze the derived components of the DPE index to find the strengths and weaknesses of Brazil's DEE compared to the two benchmark countries. The results show a healthy balance between DE and EE in Brazil. However, through further analysis using the Penalty for Bottleneck (PFB) method, we recommend four main pillars of DEE, namely digital literacy, digital openness, digital adoption, and digital access, to maintain the balance between DE and EE and improve Brazil's DEE. Our results contribute to the development of DEE literature and promote DEE evaluation methods as a way to recommend DEE development in developing countries.
Keywords: Digital entrepreneurship, DPE index, digital ecosystem, entrepreneurial ecosystem.
... One group of researchers (Redko et al., 2024;Wiesböck & Hess, 2020) focuses on the fact that successful enterprise management requires precise regulation of all administrative processes. Other researchers (Sembiyeva et al., 2023;Shkarlet et al., 2020), on the contrary, suggest that it is essential for modern businesses to build a flexible management system that will allow them to adapt to the environment and quickly adjust to market requirements. As a result of the author's study, it is difficult to disagree with the second group of researchers since today's business operates in a highly volatile environment, and the ability to develop and adapt becomes the key to effective functioning and the possibility of obtaining positive changes. ...
In modern business, a rational combination of administrative and responsible management is an integrated management instrument promoting adaptive development and implementation of innovative technologies. The study aims to generalise approaches to defining the essence and role of responsible management in the administrative management system and clarify the factors that ensure the efficiency of management processes. To achieve the research objective, factor analysis was used to systematise the main factors that influence the effectiveness of the responsible business management system. As a result of the factor analysis on the example of PJSC CB “Privat Bank”, it was found that for today's business, it is essential to analyse a significant set of indicators and study them in dynamics. Two factors were explicitly identified for the selected company: the factor of strategic development and business reliability, which includes the banking business reliability ratio, the equity protection ratio, the maximum risk ratio, the rating of the reliability of banking products, the rating of public confidence in the bank; as well as the factor of investment attractiveness of the business, which includes the capital multiplier coefficient, the standard of significant risks. In general, the combination of administrative and responsible management can open up significant additional opportunities for effective development.
... Role of technology is R&D expenditure represents the financial investment made by the economies towards technological advancement which further adds to the quality of products and services through innovation (OCED, 2002, p. 152;Simonova et al., 2021). For developing economies, investment in technology through R&D is helpful in abridging the economic and technological disparities which enable these nations to compete in international markets (Baruk, 2022;Shkarlet et al., 2020). In a study conducted by Olaoye et al. (2021) across four African nations, the role of R&D expenditure and government intervention in fostering growth and development was evaluated, revealing a notable 29% surge in GDP. ...
The role of technology in stimulating economic growth needs to be reexamined considering current heightened economic conditions of Asian developing Economies. This study conducts a comparative analysis of technology proxied by R&D expenditures alongside macroeconomic variables crucial for economic growth. Monthly time-series data from 1990 to 2019 were analyzed using a vector error correction model (VECM), revealing a significant impact of technology on the economic growth of India, Pakistan, and the Philippines. However, in the cases of Indonesia, Malaysia, Thailand, and Bangladesh, macroeconomic indicators were found more crucial to their economic growth. Results of Granger causality underlined the relationship of R&D expenditures and macroeconomic variables with GDP growth rates. Sensitivity analyses endorsed robustness of the results which highlighted the significance and originality of this study in economic growth aligned with sustainable development goals (SDGs) for developing countries.
Keywords: sustainable economic growth; R&D expenditure; macroeconomics; granger causality; ex-post forecast
Link: https://systems.enpress-publisher.com/index.php/jipd/article/view/7348
... From this perspective, the key issues facing contemporary entrepreneurship are the need for fresh ideas, concepts, techniques, and strategies for leveraging the value of expertise and the outdated institutional architecture of entrepreneurship. The study of this topic is essential because it guarantees the application of the findings about creating a successful model for sustainable entrepreneurship growth under the DE circumstances [9]. ...
The financial activity generated by millions of routine online interactions between individuals, businesses, gadgets, information, and procedures is called the “digital economy.” The way businesses function and communicate with one another is changing quickly owing to the digital economy, which gives entrepreneurs new business options with sustainability. This article proposed the effect of the Digital Economy on Industrial Structure Upgrading with Sustainable Entrepreneurial Growth as a mediating factor (DE-ISU-SEG). The article begins by outlining the theoretical underpinnings of the DE and underlining its ability to change the industrial structure of economies. The influence of the DE on ISU and the mediating effect of entrepreneurial growth is then demonstrated empirically through hypothesis development. This paper sought to validate the DE and SEG to support the ISU and the truth of the viable path. It sought to address the issue of inadequate energy for improving China’s local industrial structure in light of the effects of the DE through SEG. This paper primarily utilized statistical analysis with multiple variables and detailed assessment techniques. The paper’s statistical foundation has been data collected from 25 Chinese regions between 2014 and 2022. The findings support that the DE’s growth positively impacts the ISU. They demonstrate how vital the mediator role of SEG is in the evolution of the DE, promoting the modernization of industries. Using a fixed impact model, a mediation effect model, and a threshold regression model, this study examined DE development’s impacts and propagation processes on the transformation and ISU. The findings support that the DE’s growth contributes to the ISU’s promotion and demonstrates the importance of the SEG’s intermediate function in this process.
... The digital economy uses big data to achieve optimal allocation of resources and high-quality economic growth. Different from virtual economy, digital economy is the combination of digital industrialization and industrial digitalization (Shkarlet et al., 2020). After the international financial crisis, the traditional economy is in a downturn and the digital economy the market, e-commerce will continue to deepen and expand in social cognition, bringing more convenience and value to people's lives. ...
This paper aims to improve the sustainability of the growth of the digital economy, promote online shopping platforms, and effectively protect the rights and interests of online consumers. Firstly, it discusses the digital economy’s growth significance and analyzes the relationship between it and business growth. Then, the influence of merchant-induced reviews on consumer shopping behavior on online consumer platforms is discussed. Agent-based computer modeling methods are added for simulation. Finally, the questionnaire survey is used to study the influence of merchant-induced reviews on consumers’ shopping behavior in four online consumption platforms. The results imply that the number of people with a significant impact of positive reviews on online consumer shopping behavior is at a maximum of around 54%; the number of people with a significant impact of bad reviews on online consumer shopping behavior is at a maximum of around 43%. Moreover, the analysis shows that the number of people significantly influenced by merchant-induced reviews on consumer shopping behavior is over 65%. The simulation results show that the impact of merchant-induced reviews on purchasing consumers is significantly greater than that of ordinary consumers and review consumers. The impact on ordinary consumers is the weakest. It can be seen that the current influence of merchant-induced reviews on online consumer shopping behavior is very significant. This paper not only provides a reference for improving the management system of online consumption platforms but also contributes to developing the digital economy.
... Specifically, digital transformation improves the management efficiency of an enterprise's operating systems while accelerating the replacement speed of green innovation products. Techniques such as digital twins significantly reduce the cost of "trial and error" [46], safeguarding an improvement in the quality of green innovation. Furthermore, digital transformation disrupts organizational boundaries, facilitating cross-domain and cross-level reorganization and the integration of green knowledge [5]. ...
Digital transformation has emerged as a pivotal catalyst for corporate green innovation, specifically in the context of the green development of the manufacturing industry. Nevertheless, it is evident that there are significant disparities in the various stages of corporate digital transformation. Furthermore, the precise dynamic capabilities required to propel corporate green innovation at distinct stages of this transformation, along with their underlying influencing mechanisms, remain ambiguous. Drawing on dynamic capabilities, this paper delves into the inherent mechanism of corporate green innovation based on the data of listed companies in the Chinese manufacturing industry. The study reaches the following conclusions: (1) The driving process of digital transformation in green innovation exhibits distinct stage characteristics. Digital transformation significantly enhances the quantity of green innovation in the steering period and has a significant impact on both the quantity and quality of green innovation in the shaping and upgrading periods. Moreover, the shaping period has a stronger impact on quantity, while the upgrading period has a stronger impact on quality. (2) There is an evident evolution and upgrading of dynamic capabilities as digital transformation progresses. Among these capabilities, adaptive capability plays a mediating role in the steering period, and innovative capability plays a mediating role in the upgrading period. (3) Top management teams’ environmental attention plays a positive moderating role in digital-transformation-driven green innovation by strengthening absorptive and innovative capabilities. This study reveals the cascading evolution of dynamic capabilities in the digital transformation stage, explores the synergistic effect of top management teams’ environmental attention and specific dynamic capabilities, and provides management strategies for the “quantitative growth and qualitative enhancement” of corporate green innovation.
