Abstract
In the digital-based economy, digitalisation, entrepreneurial networks, and business strategy are three important interdependent components of the entrepreneurship process. Accurate, reliable, and timely information is also vital to the effective decision-making of entrepreneurs. Often, owing to limitations in their resources and capabilities, entrepreneurs rely on their entrepreneurial networks to satisfy their information need. The core objective of this paper is to examine the use of information in business strategy development and assess the role of entrepreneurial networks as information sources. The theoretical lens used in this narrative literature review is media richness theory. The findings of this paper show that entrepreneurial networks significantly influence entrepreneurial success and survival and that access to accurate and timely information enhances business strategy development.
Original language | English |
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Title of host publication | Proceedings of the 55th Hawaii International Conference on System Sciences | 2022 |
Subtitle of host publication | HICSS 2022 |
Publisher | Hawaii International Conference on System Sciences |
Pages | 5503-5512 |
Number of pages | 10 |
Volume | 2022-January |
ISBN (Print) | 978-0-9981331-5-7 |
Publication status | Published - 4 Jan 2022 |
MoE publication type | A4 Article in a conference publication |
Event | Hawaii International Conference on System Sciences 2022 - Duration: 4 Jan 2022 → 7 Jan 2022 Conference number: 55 |
Publication series
Name | Proceedings of the Annual Hawaii International Conference on System Sciences |
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Volume | 2022-January |
Conference
Conference | Hawaii International Conference on System Sciences 2022 |
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Abbreviated title | HICSS |
Period | 04/01/22 → 07/01/22 |
Keywords
- Digitalisation
- Entrepreneurship
- Entrepreneurial Network
- Information
- media richness theory (MRT)