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Technological Innovation: The Pathway to Entrepreneurs’ Economic Advancement

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ICT for a Better Life and a Better World

Part of the book series: Lecture Notes in Information Systems and Organisation ((LNISO,volume 30))

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Abstract

The purpose of this phenomenological study was to explore the meaning of human experiences relating to entrepreneurs in New York City who have not adopted adequate innovative technology. This research was based on Kaplan and Warren’s entrepreneurship management theory. The first research question concerned the experiences and perspectives of entrepreneurs who have not adopted advanced operations technology to gain competitive advantage, and the second question concerned the ways entrepreneurs experience economic challenges using outdated business technology. Data were collected through unstructured face-to-face interviews with 20 entrepreneurs in New York City using snowball and purposive sampling. Data analysis involved developing the participants’ experiences into themes. The findings revealed that 85% of participants did not have adequate and updated technological operations systems. This study may initiate a review of late adopters and promote the importance of technological change by encouraging entrepreneurs to build networks that share technological innovations in the entrepreneurial community.

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Author information

Authors and Affiliations

  1. Department of Business and Economics, York College, City University of New York, Jamaica, New York, USA

    Wesley Palmer

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  1. Wesley Palmer
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Correspondence to Wesley Palmer .

Editor information

Editors and Affiliations

  1. Department of Computer Science, Sultan Qaboos University, Muscat, Oman

    Youcef Baghdadi

  2. Business Department, Paris Nanterre University, Nanterre, France

    Antoine Harfouche

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Palmer, W. (2019). Technological Innovation: The Pathway to Entrepreneurs’ Economic Advancement. In: Baghdadi, Y., Harfouche, A. (eds) ICT for a Better Life and a Better World. Lecture Notes in Information Systems and Organisation, vol 30. Springer, Cham. https://doi.org/10.1007/978-3-030-10737-6_25

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