Schumpeter in the Digital Age:Entrepreneurship and Technological Diffusion
Joseph Schumpeter proposed the theoretical framework of entrepreneurship and technological diffusion in his work"The Theory of Economic Development".The conjecture was put on the basis that the technology innovation driven by real entrepreneurship is bound to have deeper,broader and longer-term technological influence(diffusion),while the technology innovation driven by lower,false or no entrepreneurship can only help enterprises to obtain monopoly profits or to even manipulate research and development for additional subsidies,resulting in underperformance in technological diffusion and no further benefits for the progress and common prosperity of the society.Exposed to a broad impact from digital technologies,it provides preliminary evidence and illustrates the applicability of digital technologies in various industries to help promote model innovation(industrial digitalization).Therefore,innovations driven by genuine entrepreneurship are expected to create a wider impact,or they will contradict with the nature of digital technologies.Particularly,within the digital era,entrepreneurship has taken on new manifestations and connotations.It highlights three most fundamental core elements,especially in terms of the core values in the context of technology diffusion.
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