The Relationship Between Entrepreneurship and Digitalization - Spotlight on the EU Countries

Abstract

Abstract In the current context of the modern world, economies depend on a dynamic innovative environment, the innovation actually representing one of the main facilitators of change. The economic growth has certainly led to an exponential increase with respect to the interaction between innovation and entrepreneurship. Undoubtedly, innovation depends on the entrepreneurial context and mostly on the cooperation between the market process’ level actors. In order to implement the innovation in the entrepreneurial activities, there is a sine qua non condition of having the abilities to contribute as a promoter on spreading and adoption of innovation. The current innovations are, in certain situations, capitalized and they can be oriented towards gaining profit. The disparities in terms of development and the favourable evolution of the business environment are determined by multiple factors, at present the implementation of technologies representing one of them. The correlation between technology and economy exists and the effects it produces on the market reality are showcased in this article. Therefore, the purpose of the current research is to identify the correlations between the economic development and technologies adoption in the entrepreneurial field. For this purpose, quantitative methods have been used in order to strengthen the obtained results.