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INNOVATION AND TECHNOLOGY ENTREPRENEURSHIP: PERSPECTIVES, CONTRIBUTION AND CHALLENGES
Authors
Dr Jyoti Gupta
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Keywords
Innovation, Technology Entrepreneurship, Digital Transformation, Business Model Innovation, Ecosystems, Responsible Innovation, Technology Incubation, Sustainability, Disruption, Strategic Adaptation
Abstract
This paper looks at the emerging changes with respect to modern innovation and technology entrepreneurship, especially how the traditional, linear models give way to more flexible, ecosystem-based frameworks. Entrepreneurship is showcasing greater decentralization, collaboration, and forging new opportunities with the quick progression in digital technologies. The study draws from recent literature to describe how the entrepreneurial process is being changed by digital platforms, collective intelligence, user participation, and, to a lesser extent, the entrepreneur. Instead of a lone innovator, he's increasingly becoming a network orchestrator within ecosystems. The paper also examines the role of social responsibility in innovation, where the business models no longer emphasize only profit maximization, but take into account social and environmental dimensions along with the long-term impact. In such a context, ethically aligned innovation becomes the main focus, which demands active governance and participation of stakeholders from all levels.
This study analyzes the persistence in the need for change concerning the issue of disruption and highlights the strategic agility and adaptability during the technological changes for the firm. The discussion offered under the focus of organizational learning and incubation reveals that the innovation processes must be proactive, resilient and adaptive, where risks are perceived to be an essential facet of the innovation and not something to avoid. Integrating major contributions of the works within the area, the paper builds a bounded reconceptualized approach for the innovation and technology entrepreneurship which takes into account the relations of digital technologies, sustainability, and ethical anticipatory governance. This redefined framework of innovation subverts the standing definitions on entrepreneurship which is now viewed as an instrument for the constructive and responsible integration toward sustainable and inclusive development in an ever-adapting digital economy.
IJCRT's Publication Details
Unique Identification Number - IJCRT25A5824
Paper ID - 288066
Author type - Indian Author
Page Number(s) - p848-p859
Pubished in - Volume 13 | Issue 5 | May 2025
DOI (Digital Object Identifier) -
No Of Downloads - 69
Author Country - India, -, -, -, -, Science and Technology
Publisher Name - IJPUBLICATION | www.ijcrt.org | ISSN : 2320-2882
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Dr Jyoti Gupta, "INNOVATION AND TECHNOLOGY ENTREPRENEURSHIP: PERSPECTIVES, CONTRIBUTION AND CHALLENGES", International Journal of Creative Research Thoughts (IJCRT), ISSN:2320-2882, Volume.13, Issue 5, pp.p848-p859, May 2025, Available at :http://www.ijcrt.org/papers/IJCRT25A5824.pdf
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The International Journal of Creative Research Thoughts (IJCRT) aims to explore advances in research pertaining to applied, theoretical and experimental Technological studies.
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ISSN: 2320-2882 Impact Factor: 7.97 and ISSN APPROVED Journal Starting Year (ESTD) : 2013
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ISSN: 2320-2882 Impact Factor: 7.97 and ISSN APPROVED Journal Starting Year (ESTD) : 2013
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