Write a 1500-word Academic Essay that demonstrates your critical thinking and communication skillsTopic:“Digital entrepreneurs are proactively seizing global business opportunities arising from...

Running Head: MANAGING INFORMATION TECHNOLOGY                  1
MANAGING INFORMATION TECHNOLOGY        3
MANAGING INFORMATION TECHNOLOGY
Introduction
Business can only be successful, if there exists a market for participation. In order to command a successful business, it would be essential for the owners to understand the demand and potential of their supplies in order to maintain the equilibrium. Digital entrepreneurs in current world are focused towards digital commerce, which is growing exponentially. Digital products and services have engulfed the market and with the inclusion of innovation and technology, as a result of which digital entrepreneurs have emerged as better global business opportunities seizers compared to others. This essay will focus upon technology innovation and how digital entrepreneurs have benefitted from it with respect to seizing global business opportunities.
Digital entrepreneurs are proactively seizing global business opportunities arising from technology innovations
Sahut, Iandoli and Teulon (2019) suggested that one of the biggest and sustainable solution that nations possess against unemployment are entrepreneurs. Young entrepreneurs can be considered as a key booster to the economic growth. Digital entrepreneurship is a term, gaining hype due to its exponential development in current business world. It has revolutionised the business world and brought about considerable changes to the traditional working and other aspects of doing business. Entrepreneurial practice, theory and education are some of the marked changes highlighted through digital entrepreneurship.
Further, it also includes new and different ways of finding leads, designing and offering products, generating revenues, cost reduction, collaboration with partners and risk analysis. Moreover, a practical approach would suggest that digital platform have provided entrepreneurship with new possibilities and horizons. Comparing traditional business styles with digital entrepreneurship allows to understand that it opens new possibilities for the new generation.
Digital world have lowered the barriers with respect to cost and risk involved in the launch of new business and have also provided dynamic pathways to success. It would be essential to consider that all entrepreneurs may be using digital technology in order to build, support and grow their business however, not all of them are performing every task digitally. In order to segregate digital entrepreneurs, only those entrepreneurs need to be included that focus exclusively upon e-commerce or digital commerce in order to design, sell and support the products or services completely online.
Teece, Peteraf and Leih, (2016) specifically argued upon the latter mentioned concept and suggested that this is where the digital business may be running ahead of traditional or offline business. Growth, expenditure and consumer reach is much faster, easier as well as cheaper with the help of online platforms however, it adds to the cost of product and services in case of offline or traditional businesses.
Digital information processing has been identified as a major growth factor for the digital entrepreneurs, and as suggested by Li, Su, Zhang and Mao (2018), digital entrepreneurial Ecosystems (DEE) and digital Platforms questions the individual biasness and have served well to the research community. This has allowed the digital platforms and a layered modular architecture, which enabled the inclusion of products through devices, networks, services and other contents made possible by digital...