Digital Entrepreneurship Within International Business Landscape: Implications for Marketing Strategies
DOI:
https://doi.org/10.31181/ijes1412025200Keywords:
Digital entrepreneurship, Digital transformation, Marketing strategies, Global markets, Business efficiency, Financial performance, InnovationAbstract
With the rise of digital advancements, the global economic landscape is reshaping marketing and entrepreneurship, creating both new opportunities for growth and significant challenges for businesses. Rapid economic shifts, combined with society’s increasing reliance on digital technologies, require organizations to continuously adapt and modify their business models. This study is particularly relevant, as maintaining competitive advantage and ensuring long-term sustainability now depend heavily on the integration of digital solutions. The research evaluates the impact of digital technologies on marketing strategies, financial performance, and overall business effectiveness at the global level. By analyzing digital transformation strategies through a combination of statistical and practical approaches, the study highlights critical success factors as well as barriers to implementation. Findings reveal that the adoption of digital tools enhances process automation, strengthens customer engagement, improves resource management, and ultimately increases productivity and profitability. However, challenges remain, including regulatory constraints, cybersecurity risks, and the constant demand for technological innovation. Despite these obstacles, digital transformation creates pathways to new markets and fosters innovative opportunities. To fully capitalize on these benefits, companies must design adaptive strategies that not only mitigate risks but also maximize the potential of emerging technologies. These insights provide valuable guidance for businesses seeking to build sustainable digital strategies, ensuring long-term competitiveness in the global marketplace.
Downloads
References
Liu, Y., & Lian, X. (2025). The spatial spillover effect of digital economy on regional tax revenue: An empirical study based on the decay boundary and spillover path. International Review of Economics & Finance, 102, 104352. https://doi.org/10.1016/j.iref.2025.104352
Zhai, Y., Yang, K., Chen, L., & Lin, H. (2022). Digital entrepreneurship: Global maps and trends of research. Journal of Business and Industrial Marketing, 38(3), 637-655. http://dx.doi.org/10.1108/JBIM-05-2021-0244
Zhuk, I., Khaletska, A., Stepura, T., Shchepanskiy, E., Sadova, U., & Pyla, V. (2022). Public administration system in the field of finance under the influence of digitalization. Economic Affairs (New Delhi), 67(3), 225–231. https://doi.org/10.46852/0424-2513.3.2022.11
Cai, Q., & Mandy, M. (2021). The challenges and solutions for digital entrepreneurship platforms in enhancing firm’s capabilities. International Journal of Business and Management, 18(11), 21-21. http://dx.doi.org/10.5539/ijbm.v16n11p21
Hair, N., Wetsch, L., Hull, C., & Perotti, V. (2013). Market orientation in digital entrepreneurship: Advantages and challenges in a Web 2.0 networked world. International Journal of Innovation and Technology Management, 9(06). http://dx.doi.org/10.1142/S0219877012500459
Kraus, S., Jones, P., Kailer, N., Weinmann, A., Chaparro-Banegas, N., & Roig-Tierno, N. (2021). Digital transformation: An overview of the current state of the art of research. Sage Open, 11(3). https://doi.org/10.1177/21582440211047576
White, M. (2012). Digital workplaces: Vision and reality. Business Information Review, 29(4), 205–214. https://doi.org/10.1177/0266382112470412
Bouncken, R. B., Kraus, S., & Roig-Tierno, N. (2021). Knowledge- and innovation-based business models for future growth: Digitalized business models and portfolio considerations. Review of Managerial Science, 15(1), 1–14. https://doi.org/10.1007/s11846-019-00366-z
Bouwman, H., Nikou, S., Molina-Castillo, F. J., & de Reuver, M. (2018). The impact of digitalization on business models. Digital Policy, Regulation and Governance, 20(2), 105–124. https://doi.org/10.1108/DPRG-07-2017-0039
Hess, T., Matt, C., Benlian, A., & Wiesböck, F. (2016). Options for formulating a digital transformation strategy. MIS Quarterly Executive, 15(2), 123–139.
Christensen, J. (2016). Digital economics: The digital transformation of global business. Books on Demand.
Pereira, C. S., Durão, N., Moreira, F., & Veloso, B. (2022). The importance of digital transformation in international business. Sustainability, 14(2), 834. https://doi.org/10.3390/su14020834
Tudose, M. B., Georgescu, A., & Avasilcăi, S. (2023). Global analysis regarding the impact of digital transformation on macroeconomic outcomes. Sustainability, 15(5), 4583. https://doi.org/10.3390/su15054583
Pop, D., Simut, R., & Bac, D. (2024). Understanding digital entrepreneurship: A theoretical perspective. Annals of Faculty of Economics, University of Oradea, Faculty of Economics, 33(1), 148-154. https://ideas.repec.org/a/ora/journl/v33y2024i1p148-154.html
Kraus, S., Palmer, C., Kailer, N., Kallinger, F. L., & Spitzer, J. (2018). Digital entrepreneurship: A research agenda on new business models for the twenty-first century. International Journal of Entrepreneurial Behavior & Research, 25(2), 353-375. https://doi.org/10.1108/IJEBR-06-2018-0425
Sussan, F., & Acs, Z. J. (2017). The digital entrepreneurial ecosystem. Small Business Economics, 49(1), 55-73. https://doi.org/10.1007/s11187-017-9867-5
Arora, A., Athreye, S., & Huang, C. (2016). The paradox of openness revisited: Collaborative innovation and patenting by UK innovators. Research Policy, 45(7), 1352-1361. http://dx.doi.org/10.1016/j.respol.2016.03.019
Nambisan, S. (2017). Digital entrepreneurship: Toward a digital technology perspective of entrepreneurship. Entrepreneurship Theory and Practice, 41(6), 1029-1055. https://doi.org/10.1111/etap.12254
Vărzaru, A. A., & Bocean, C. G. (2024). Digital transformation and innovation: The influence of digital technologies on turnover from innovation activities and types of innovation. Systems, 12(9), 359. https://doi.org/10.3390/systems12090359
Chen, Z., Wan, J., Liu, F., & Hou, Z. (2024). Driving enterprise digital transformation: Unveiling the significance of E-commerce demonstration city in China. IEEE Transactions on Engineering Management, 71, 5641–5655. https://doi.org/10.1109/TEM.2024.3366450
Thamrongthanakit, T. (2023). Impacts of cybersecurity practices on cyberattack damage and protection among small and medium enterprises in Thailand [Doctoral dissertation, Stockholm University]. https://urn.kb.se/resolve?urn=urn:nbn:se:su:diva-219680
Vadana, I., Torkkeli, L., Kuivalainen, O., & Saarenketo, S. (2020). Digitalization of companies in international entrepreneurship and marketing. International Marketing Review, 37(3). https://doi.org/10.1108/IMR-04-2018-0129
Malik, A., Sharma, P., Kingshott, R., & Laker, B. (2022). Leveraging cultural and relational capabilities for business model innovation: The case of a digital media EMMNE. Journal of Business Research, 149, 270–282. https://doi.org/10.1016/j.jbusres.2022.05.004
Bhuiyan, M. R., & Akter, M. (2024). Assessing the potential usages of blockchain to transform smart Bangladesh: A PRISMA based systematic review. Journal of Information Systems and Informatics, 6(1), 245–269. https://doi.org/10.51519/journalisi.v6i1.659
Denga, E. M., & Rakshit, S. (2022). Digital marketing and the sustainable performance of small and medium enterprises. In R. M. Potluri & N. R. Vajjhala (Eds.), Advances in electronic commerce (pp. 213–234). IGI Global. https://doi.org/10.4018/978-1-6684-5727-6.ch011
Bhuiyan, M. (2024). Examining the digital transformation and digital entrepreneurship: A PRISMA based systematic review. Pakistan Journal of Life and Social Sciences, 22(1), 1136–1150. https://doi.org/10.57239/PJLSS-2024-22.1.0077
Salam, M. A., Saha, T., Rahman, M. H., & Mutsuddi, P. (2021). Challenges to mobile banking adaptation in COVID-19 pandemic. Journal of Business and Management Sciences, 9(3), 101–113. https://doi.org/10.12691/jbms-9-3-2
Dąbrowska, J., Almpanopoulou, A., Brem, A., Chesbrough, H., Cucino, V., Di Minin, A., ... & Ritala, P. (2022). Digital transformation, for better or worse: A critical multi-level research agenda. R&D Management, 52(5), 930–954. https://doi.org/10.1111/radm.12531
Mani, L. (2019). An analysis of loan portfolio of Janata Bank Limited [Working paper]. SSRN. https://doi.org/10.2139/ssrn.4644687
Taheri, S. G., Navabakhsh, M., Tohidi, H., & Mohammaditabar, D. (2024). A system dynamics model for optimum time, profitability, and customer satisfaction in omni-channel retailing. Journal of Retailing and Consumer Services, 78, 103784. https://doi.org/10.1016/j.jretconser.2024.103784
Kang, M. J., & Hwang, Y. C. (2022). Exploring the factors affecting the continued usage intention of IoT-based healthcare wearable devices using the TAM model. Sustainability, 14(19), 12492. https://doi.org/10.3390/su141912492
Krasnyuk, M., Kulynych, Y., Tuhaienko, V., & Krasniuk, S. (2022). E-business and e-commerce technologies as an important factor for economic efficiency and stability in the modern conditions of the digital economy (on the example of oil and gas company). In Science of post-industrial society: Globalization and transformation processes. NGO European Scientific Platform; LLC International Centre Corporative Management. https://scholar.google.com.ua/citations?view_op=view_citation&hl=uk&user=3xR2xwMAAAAJ&citation_for_view=3xR2xwMAAAAJ:ZeXyd9-uunAC
Fernández, A., Gómez, B., Binjaku, K., & Meçe, E. K. (2023). Digital transformation initiatives in higher education institutions: A multivocal literature review. Education and Information Technologies, 28(10), 12351–12382. https://doi.org/10.1007/s10639-022-11544-0
Desyatnyuk, O., Krysovatyy, A., Ptashchenko, O., & Kyrylenko, O. (2024a). Enhancing financial inclusivity and accessibility of financial services through digital technologies. AD ALTA: Journal of Interdisciplinary Research, 14(1), 65–69. https://www.magnanimitas.cz/ADALTA/140142/papers/A_13.pdf
Desyatnyuk, O., Naumenko, M., Lytovchenko, I., & Beketov, O. (2024b). Impact of digitalisation on international financial security in conditions of sustainable development. *Problemy Ekorozwoju/Problems of Sustainable Development, 1*(2024), 104–114. https://doi.org/10.35784/preko.5325
Krysovatyy, A., Ptashchenko, O., Kurtsev, O., & Arutyunyan, O. (2024). The concept of inclusive economy as a component of sustainable development. *Problemy Ekorozwoju/Problems of Sustainable Development, 1*(2024), 164–172. https://doi.org/10.35784/preko.5755
Autio, E., Komlosi, E., Szerb, L., Tiszberger, M., Park, D., & Jinjarak, Y. (2024). Digital entrepreneurship landscapes in developing Asia: Insights from the Global Index of Digital Entrepreneurship Systems. European Journal of Innovation Management. https://doi.org/10.22617/WPS240095-2
Pascucci, F., Savelli, E., & Gistri, G. (2023). How digital technologies reshape marketing: Evidence from a qualitative investigation. Italian Journal of Marketing, 2023, 27–58. https://doi.org/10.1007/s43039-023-00063-6
Grewal, D., Hulland, J., Kopalle, P. K., & Karahanna, E. (2020). The future of technology and marketing: A multidisciplinary perspective. Journal of the Academy of Marketing Science, 48, 1–8. https://doi.org/10.1007/s11747-019-00711-4
Kumar, V., Ramachandran, D., & Kumar, B. (2021). Influence of new-age technologies on marketing: A research agenda. Journal of Business Research, 125, 864–877. https://doi.org/10.1016/j.jbusres.2020.01.007
Auh, S., Menguc, B., Katsikeas, C. S., & Jung, Y. S. (2019). When does customer participation matter? An empirical investigation of the role of customer empowerment in the customer participation–performance link. Journal of Marketing Research, 56(6), 1012–1033. https://doi.org/10.1177/0022243719866408
Akhavannasab, S., Dantas, D. C., & Senecal, S. (2018). Consumer empowerment in consumer–firm relationships: Conceptual framework and implications for research. AMS Review, 8(3), 214–227. https://doi.org/10.1007/s13162-018-0120-4
Ewim, Ch., Okeke, N., Alabi, O., & Igwe, A. (2024). Customer-centric digital transformation framework: Enhancing service delivery in SMEs for underserved populations. International Journal of Management & Entrepreneurship Research, 6(10), 3493–3516. https://doi.org/10.51594/ijmer.v6i10.1658
Nasir, S. (2015). Customer relationship management strategies in the digital era. IGI Global. https://doi.org/10.4018/978-1-4666-8231-3
Global digital transformation market size & outlook. (n.d.). Horizon. https://www.grandviewresearch.com/horizon/outlook/digital-transformation-market-size/global
Bielialov, T., Kalina, I., Goi, V., Kravchenko, O., Shyshpanova, N., & Negoda, A. (2023). Global experience of digitalization of economic processes in the context of transformation. Journal of Law and Sustainable Development, 11(3), e814. https://doi.org/10.55908/sdgs.v11i3.814
Zghurska, O., Korchynska, O., Rubel, K., Kubiv, S., Tarasiuk, A., & Holovchenko, O. (2022). Digitalization of the national agro-industrial complex: New challenges, realities and prospects. Financial and Credit Activity: Problems of Theory and Practice, 6(47), 388–399. https://doi.org/10.55643/fcaptp.6.47.2022.3929
Herve, A., Schmitt, Ch., & Baldegger, R. (2020). Digitalization, entrepreneurial orientation and internationalization of micro-, small- and medium-sized enterprises. Technology Innovation Management Review, 10(4), 5–17. https://doi.org/10.22215/timreview/1343
Joel, O., Oyewole, A., Odunaiya, O., & Soyombo, O. (2024). The impact of digital transformation on business development strategies: Trends, challenges, and opportunities analysed. World Journal of Advanced Research and Reviews, 21(03), 617–624. https://doi.org/10.30574/wjarr.2024.21.3.0706
Levesque, J., Dalmasso, C., & Hooge, S. (2022). Understanding the impacts of digital transformation in the service industry: The mutation of the back-office function in the insurance sector [Conference paper]. IPDMC 2022, EIASM. https://minesparis-psl.hal.science/hal-04068150v1/document
2025 manufacturing marketing budget to improve your ROI. (2025). Web FX. https://www.webfx.com/industries/industrial/manufacturing/budget/
Li, N., Wang, X., Wang, Z., & Luan, X. (2022). The impact of digital transformation on corporate total factor productivity. Frontiers in Psychology, 13, 1071986. https://doi.org/10.3389/fpsyg.2022.1071986
Bacca-Acosta, J., Gómez-Caicedo, M. I., Gaitán-Angulo, M., Robayo-Acuña, P., Ariza-Salazar, J., Mercado Suárez, Á. L., & Alarcón Villamil, N. O. (2023). The impact of digital technologies on business competitiveness: A comparison between Latin America and Europe. Competitiveness Review, 33(7), 22–46. https://doi.org/10.1108/CR-10-2022-0167
Yao, G., & Miao, J. (2021). Service value co-creation in digital platform business: A case of Xianyu idle trading platform. Sustainability, 13(20), 11296. https://doi.org/10.3390/su132011296
Morillas Guerrero, J. (2021). Global impact of digital transformation on entrepreneurship: Present position in Spain. Athens Journal of Mediterranean Studies, 7(2), 103–118. https://doi.org/10.30958/ajms.7-2-2
Danielsen, F. (2021). Benefits and challenges of digitalisation: An expert study on Norwegian public organisations. In dg.o '21: Proceedings of the 22nd Annual International Conference on Digital Government Research (pp. 317–326). Association for Computing Machinery. https://doi.org/10.1145/3463677.3463703
Luo, Y. (2022). A general framework of digitisation risks in international business. Journal of International Business Studies, 53(2), 344–361. https://doi.org/10.1057/s41267-021-00448-9
Zhao, F., Meng, T., Wang, W., & Alam, F. (2023). Digital transformation and firm performance: Benefit from letting users participate. Journal of Global Information Management, 31(1), 1–23. https://doi.org/10.4018/JGIM.322104
Zhou, Y., Ock, Y.-S., Alnafrah, I., & Dagestani, A. A. (2023). What aspects explain the relationship between digital transformation and financial performance of firms? Journal of Risk and Financial Management, 16(11), 479. https://doi.org/10.3390/jrfm16110479
Khan, F., & Siddiqui, K. (2013). The importance of digital marketing: An exploratory study to find the perception and effectiveness of digital marketing amongst the marketing professionals in Pakistan. Romanian Economic Business Review, 7(2), 221–228. https://ideas.repec.org/a/rau/journl/v7y2013i2p221-228.html
Ozuem, W., & Willis, M. (2025). Digital marketing strategies for value co-creation (2nd ed.). Springer.
Tuunanen, T., Lumivalo, J., Vartiainen, T., & Zhang, Y. (2023). Micro-level mechanisms to support value co-creation for design of digital services. Journal of Service Research, 27(3), 109467052311731. http://dx.doi.org/10.1177/10946705231173116
Downloads
Published
Issue
Section
License
Copyright (c) 2025 Olena Ptashchenko, Oleksandr Rozumnyi, Elman Aliiev, Volodymyr Vovk, Olena Shersheniuk (Author)

This work is licensed under a Creative Commons Attribution 4.0 International License.