TECHNOLOGY AND INNOVATION TO GROWTH OF ENTREPRENEURSHIP AND FINANCIAL BOOST: A DECADE IN REVIEW (2013-2023)
Authors: Chibuike Daraojimba  , Kehinde Mobolaji Abioye  , Adebowale Daniel Bakare  , Noluthando Zamanjomane Mhlongo  , Okeoma Onunka  , Donald Obinna Daraojimba  
Published: October 2023

The study, "Technology and Innovation to Growth of Entrepreneurship and Financial Boost: A Decade in Review (2013-2023)," critically explores the intersectionality of technology, innovation, and entrepreneurship, delineating their collective impact on financial growth and economic enrichment over the past decade. Through an exhaustive examination of empirical data, literature reviews, and holistic case studies, this paper presents a nuanced analysis of the transformation and evolution of the entrepreneurial landscape within the context of the burgeoning advancements in technology and innovation management strategies. The investigative journey commences with an insightful delineation of the objectives and research questions aimed at understanding the multifaceted dynamics between technological proliferation, innovative applications, and entrepreneurial growth. Subsequently, a meticulous review of literature unveils the underpinning theoretical frameworks and foundational concepts, elucidating the symbiotic relationship between technology and entrepreneurship. Concepts such as the diffusion of innovations, disruptive technologies, and stakeholder theory are explored to comprehend the profound impacts on entrepreneurial ventures and their concomitant challenges and opportunities. The study further delves into the empirical exploration of the evolution of the entrepreneurial landscape from 2013 to 2023, offering a granular perspective on the diverse technological trends, market fluctuations, and innovative breakthroughs that have characterized this period. The challenges and risks associated with technology and innovation in entrepreneurial settings are highlighted, including discussions on market competition, technological obsolescence, intellectual property conflicts, and ethical considerations, providing a balanced viewpoint on the manifold aspects of entrepreneurial progression. Diverse real-world case studies of companies such as Tesla Inc., Beyond Meat, Square Inc., and Zoom Video Communications offer tangible manifestations of the intricate interplay between technology, innovation, and entrepreneurship. These cases exemplify the varied approaches and adaptive strategies employed by enterprises to navigate challenges, leverage opportunities, and effectuate significant market transformations and societal impacts. These serves as exemplary models of resilience, adaptability, and visionary leadership in the face of uncertainties and market dynamics. In conclusion, the study synthesizes the gleaned insights to project future directions in entrepreneurship, emphasizing the imperatives of sustainability, inclusivity, and ethical conduct. The study posits that the future of entrepreneurship will be marked by enhanced emphasis on social impact, environmental considerations, and the integration of emerging technologies. The recommendations outlined in the study advocate for strengthened ecosystem support, fostering of collaboration, and promotion of responsible and ethical business practices to cultivate a conducive and equitable entrepreneurial environment. This comprehensive exploration contributes significant insights to the academic discourse on technology, innovation, and entrepreneurship, offering valuable implications for practitioners, policymakers, and academia, thereby enriching the understanding of the dynamic interdependencies between these pivotal domains.
Keywords: Entrepreneurship, Technology, Innovation, Financial, Economic Growth, Transformation.