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Korean Academic Society of Business Administration
[ Article ]
korean management review - Vol. 50, No. 1, pp.1-22
ISSN: 1226-1874 (Print)
Print publication date 28 Feb 2021
Received 18 Nov 2020 Revised 16 Dec 2020 Accepted 23 Dec 2020
DOI: https://doi.org/10.17287/kmr.2021.50.1.1

디지털 기업가정신과 기업성과

Ahyun Kim ; Yong Jin Kim
(First Author) Ph.D. Candidate at Sogang Business School ahyun@sogang.ac.kr
(Corresponding Author) Professor of MIS at Sogang Business School and Head of Smart Fintech Research Center yongjkim@sogang.ac.kr
Digital Entrepreneurship and Firm Performance


Copyright 2011 THE KOREAN ACADEMIC SOCIETY OF BUSINESS ADMINISTRATION
This is an open access article distributed under the terms of the Creative Commons Attribution License 4.0, which permits unrestricted, distribution, and reproduction in any medium, provided the original work is properly cited.

Abstract

Advances in digital technologies have changed the industry structure and the rules of business competition as shown in the list of global top 10 companies in terms of market capital. Digital transformation, defined as the effort to standardize, modularized, and digitalize resources and processes of a company to provide solutions for customer problems, requires leadership and entrepreneurship to achieve the expected goals in an effective manner. Entrepreneurship, the most fundamental to the development of business, has been expanded to include digital elements in it. In this study, we define digital transformation and identify the characteristics of digital entrepreneurship as an extended form of entrepreneurship. Digital entrepreneurship in this study consists of innovativeness, risk-taking, pro-activeness, receptiveness, digital-thinking and collaborativeness. We then investigate the relationship between digital entrepreneurship and firm performance. To test the proposed research model, we collected data through using survey questionnaire from CEOs and executives of 115 companies. The test results confirm that digital entrepreneurship consists of proposed six components and influences organizational performance. Research methodology and findings are further discussed.

Keywords:

Digital Entrepreneurship, Receptiveness, Digital thinking, Collaborativeness

Acknowledgments

This work was supported by Ministry of SMEs and Startups and Korea Institute of Startup and Entrepreneurship Development in 2016.

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∙ The author Ahyun Kim is Ph.D. Candidate at Sogang Business School. She received the master’s degree in Management at Sogang University Graduate School. Her research interest includes Digital Business, Information systems effectiveness, and Organizational innovation etc.

∙ The author Yong Jin Kim is Professor of MIS at Sogang Business School and Head of Smart Fintech Research Center. He is the president of Asia Council for Small Business and was the president of Korea Society of MIS. He is a member of Financial Regulatory Sandbox and SME Policy Deliberation Committee. Before he joined Sogang, he was on the faculty of the State University of New York at Binghamton. He has published over 50 papers since 2002 in the top quality journals including MIS Quarterly and Communications of the ACM. He has also published several books about service innovation. His research interest is in the area of digital transformation, business model innovation, knowledge management, and entrepreneurship.