Innovation and entrepreneurial opportunities with internet ventures
conference contribution
posted on 2006-01-01, 00:00authored byM 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