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Innovation and entrepreneurial opportunities with internet ventures

conference contribution
posted on 2006-01-01, 00:00 authored by M Singh, Dianne Waddell
This paper discusses innovation and entrepreneurial opportunities of Internet ventures. In the last decade the Internet has become an important communication tool as well as a platform for new business enterprises. Internet businesses are global, easy to set up with little or no capital requirements and innovative. These businesses range from intermediary services such as financial service providers supporting online payments and e-markets facilitating buying and selling in horizontal and vertical markets, to new enterprises selling unique products. However, the Internet age has seen a rise in startup dot.coms, a failure of dot.coms and an increasing trend in consolidation of the digital economy. Entrepreneurial opportunities on the Internet are highlighted in this paper with a review of literature on entrepreneurship opportunities, characteristics and and challenges. It includes case studies demonstrating the opportunities and challenges of Internet innovations and discusses characteristics of cyber entrepreneurs identified from the case studies. The relevance of technical knowledge such as computing and programming skills, perseverance and the ability to set up business with little or no capital are important traits of cyber entrepreneurs discussed in this paper. The other issues apparent from the case studies are an opportunistic and innovative mindset, and an ability to create value where there was none before. This paper highlights that Internet ventures are a type of e-business that are easy to implement, have no barriers to entry and for which technical knowledge is an asset.

History

Event

European Conference on Entrepreneurship and Innovation (2006: Paris, France)

Pagination

247 - 254

Publisher

Academic Conference Limited

Location

Paris, France

Place of publication

United Kingdom

Start date

2006-11-16

End date

2006-11-17

ISBN-13

9781905305391

ISBN-10

1905305397

Language

eng

Publication classification

E1 Full written paper - refereed

Editor/Contributor(s)

D Remenyi

Title of proceedings

Proceedings of the European Conference on Entrepreneurship and Innovation 2006

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