Digital technologies significantly impact the developing of new business models, enabling companies to expand their reach and interact with customers in new ways, leading to new types of businesses. On the other hand, the advances in communication technology and the changes in social demographics have led to a growing need for skilled labor.
- Digital technologies profoundly impact entrepreneurship by determining business operations and development and influencing the growth of new business models.
- New digital-based business models pose stark challenges to established models and lead to new perspectives on global markets.
- Striking a balance between technical and human resources will require significant changes in entrepreneurial management.
With the advent of digital technology, many businesses have seen a dramatic shift in how they operate. Gone are the days of having the only option to physically meet with customers to sell products and services. Today, businesses can reach customers and clients through various channels, including social media, search engine optimization, content marketing, email marketing, and more.