CREATING A SUSTAINABLE DIGITAL BUSINESS ECOSYSTEM: CHALLENGES AND OPPORTUNITIES FOR GLOBAL ECONOMIC DEVELOPMENT

Ahmad Arifin

Abstract


This research aims to analyze the challenges and opportunities in creating a sustainable digital business ecosystem to support inclusive global economic growth. The research method used includes collecting and analyzing various documents such as research reports, academic publications, government policies, and industry documents related to digital business ecosystems, sustainability, and global economic development. The results show that the integration between the concepts of digital business ecosystems and sustainability has a crucial role in creating a sustainable business environment. Key factors such as digital inclusion, sustainable innovation and multi-stakeholder partnerships were identified as important elements in achieving this goal. The implications of this research highlight the need for collaborative action between governments, companies, and non-governmental organizations in designing policies and business practices that support sustainable economic growth. Building a comprehensive, forward-thinking, and environmentally friendly digital business network is essential for long-term economic development that positively impacts society. Stakeholders can achieve long-term improvements that benefit future generations by prioritizing economic, social, and environmental sustainability. This research aims to build a durable digital business environment for the betterment of the world economy through its contribution to academic literature and business practice.

Keywords


Digital Business; Ecosystem; Economic Development; Sustainability

Full Text:

PDF

References


Ahmed, Z., Zhang, B., & Cary, M. (2021). Linking economic globalization, economic growth, financial development, and ecological footprint: Evidence from symmetric and asymmetric ARDL. Ecological Indicators. Retrieved from https://www.sciencedirect.com/science/article/pii/S1470160X20309997

Allam, Z., Sharifi, A., Bibri, S. E., Jones, D. S., & Krogstie, J. (2022). The Metaverse as a Virtual Form of Smart Cities: Opportunities and Challenges for Environmental, Economic, and Social Sustainability in Urban Futures. Smart Cities, 5(3), 771–801. doi: 10.3390/smartcities5030040

Allan, G. (2020). Qualitative research. In Handbook for Research Students in the Social Sciences (pp. 177–189). Routledge.

Bican, P. M., & Brem, A. (2020). Digital business model, digital transformation, digital entrepreneurship: Is there a sustainable ‘digital’? Sustainability. Retrieved from https://www.mdpi.com/2071-1050/12/13/5239

Beliaeva, T., Ferasso, M., Kraus, S., & Damke, E. J. (2020). Dynamics of digital entrepreneurship and the innovation ecosystem: A multilevel perspective. International Journal of Entrepreneurial Behavior & Research, 26(2), 266-284. https://doi.org/10.1108/IJEBR-06-2019-0397

Cavallo, A., Ghezzi, A., & Balocco, R. (2019). Entrepreneurial ecosystem research: Present debates and future directions. International Entrepreneurship and Management Journal, 15(4), 1291-1321. https://doi.org/10.1007/s11365-018-0526-3

Eisenmenger, N., Pichler, M., Krenmayr, N., et al. (2020). The Sustainable Development Goals prioritize economic growth over sustainable resource use: a critical reflection on the SDGs from a socio-ecological perspective. Sustainability Science, 15, 1101–1110. https://doi.org/10.1007/s11625-020-00813-x

Elia, G., Margherita, A., & Passiante, G. (2020). Digital entrepreneurship ecosystem: How digital technologies and collective intelligence are reshaping the entrepreneurial process. Technological Forecasting and Social Change. Retrieved from https://www.sciencedirect.com/science/article/pii/S0040162519301969

George, G., Merrill, R. K., & Schillebeeckx, S. J. D. (2021). Digital Sustainability and Entrepreneurship: How Digital Innovations Are Helping Tackle Climate Change and Sustainable Development. Entrepreneurship Theory and Practice, 45(5), 999-1027. https://doi.org/10.1177/1042258719899425

Hennink, M., Hutter, I., & Bailey, A. (2020). Qualitative Research Methods. Sage.

Klofsten, M., Fayolle, A., Guerrero, M., Mian, S., Urbano, D., & Wright, M. (2019). The entrepreneurial university as driver for economic growth and social change: Key strategic challenges. Technological Forecasting and Social Change, 141, 149-158. https://doi.org/10.1016/j.techfore.2018.12.004.

Krenmayr, N., et al. (2020). The Sustainable Development Goals prioritize economic growth over sustainable resource use: A critical reflection on the SDGs from a socio-ecological perspective. Sustainability Science. doi: 10.1007/s11625-020-00813-x

Ma, D., & Zhu, Q. (2022). Innovation in emerging economies: Research on the digital economy driving high-quality green development. Journal of Business Research. Retrieved from https://www.sciencedirect.com/science/article/pii/S0148296322002764

Miles, M. B., Huberman, A., & Saldana, J. (2014). Qualitative Data Analysis: A Methods Sourcebook, Third Edit. United States of America: SAGE Publications, Inc.

Neumeyer, X., & Santos, S. C. (2018). Sustainable business models, venture typologies, and entrepreneurial ecosystems: A social network perspective. Journal of Cleaner Production, 172, 4565-4579. https://doi.org/10.1016/j.jclepro.2017.08.216

Nosratabadi, S., Mosavi, A., Shamshirband, S., Zavadskas, E. K., Rakotonirainy, A., & Chau, K. W. (2019). Sustainable Business Models: A Review. Sustainability, 11(6), 1663. https://doi.org/10.3390/su11061663

Olson, M. E., Smith, M. L., Muhar, A., Paul, T. K., & Trappey, B. E. (2021). The strength of our stories: A qualitative analysis of a multi-institutional GME storytelling event. Medical Education Online, 26(1). doi: 10.1080/10872981.2021.1929798

Parida, V., Sjödin, D., & Reim, W. (2019). Reviewing literature on digitalization, business model innovation, and sustainable industry: Past achievements and future promises. Sustainability. Retrieved from https://www.mdpi.com/2071-1050/11/2/391

Pappas, I. O., Mikalef, P., Giannakos, M. N., Krogstie, J., & Lekakos, G. (2018). Big data and business analytics ecosystems: paving the way towards digital transformation and sustainable societies. Information Systems and e-Business Management, 16(4), 479–491. https://doi.org/10.1007/s10257-018-0377-z

Pradhan, R. P., Arvin, M., Nair, M., & Bennett, S. E. (2020). Sustainable economic growth in the European Union: The role of ICT, venture capital, and innovation. Review of Financial Economics, 38(1), 34-62. https://doi.org/10.1002/rfe.1064

Scaringella, L., & Radziwon, A. (2018). Innovation, entrepreneurial, knowledge, and business ecosystems: Old wine in new bottles? Technological Forecasting and Social Change. Retrieved from https://www.sciencedirect.com/science/article/pii/S0040162517312660

Senyo, P. K., Liu, K., & Effah, J. (2019). Digital business ecosystem: Literature review and a framework for future research. International Journal of Information Management. Retrieved from https://www.sciencedirect.com/science/article/pii/S0268401218305991

Tao, Z., Zhang, Z., & Shangkun, L. (2022). Digital economy, entrepreneurship, and high-quality economic development: Empirical evidence from urban China. Frontiers of Economics in China. Retrieved from https://search.proquest.com/openview/a616cdd9ee63a2cb6aace87d23f966ad/1?pq-origsite=gscholar&cbl=326326

Ukko, J., Nasiri, M., Saunila, M., & Rantala, T. (2019). Sustainability strategy as a moderator in the relationship between digital business strategy and financial performance. Journal of Cleaner Production. Retrieved from https://www.sciencedirect.com/science/article/pii/S095965261932476X




DOI: https://doi.org/10.31932/jpe.v9i1.3403

Article Metrics

Abstract view : 257 times
PDF - 139 times

Refbacks

  • There are currently no refbacks.


Lisensi Creative Commons
This work is licensed under Lisensi Internasional Creative Commons Attribution-ShareAlike 4.0 .