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| Version | Summary | Created by | Modification | Content Size | Created at | Operation |
|---|---|---|---|---|---|---|
| 1 | KONSTANTINOS S. SKANDALIS | -- | 591 | 2025-09-24 03:07:19 | | | |
| 2 | Perry Fu | Meta information modification | 591 | 2025-10-15 02:52:20 | | |
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Skandalis, K.S. Digital Entrepreneurial Capability: Integrating Digital Skills, Human Capital, and Psychological Traits in Modern Entrepreneurship. Encyclopedia. Available online: https://encyclopedia.pub/entry/59052 (accessed on 05 December 2025).
Skandalis KS. Digital Entrepreneurial Capability: Integrating Digital Skills, Human Capital, and Psychological Traits in Modern Entrepreneurship. Encyclopedia. Available at: https://encyclopedia.pub/entry/59052. Accessed December 05, 2025.
Skandalis, Konstantinos S.. "Digital Entrepreneurial Capability: Integrating Digital Skills, Human Capital, and Psychological Traits in Modern Entrepreneurship" Encyclopedia, https://encyclopedia.pub/entry/59052 (accessed December 05, 2025).
Skandalis, K.S. (2025, September 24). Digital Entrepreneurial Capability: Integrating Digital Skills, Human Capital, and Psychological Traits in Modern Entrepreneurship. In Encyclopedia. https://encyclopedia.pub/entry/59052
Skandalis, Konstantinos S.. "Digital Entrepreneurial Capability: Integrating Digital Skills, Human Capital, and Psychological Traits in Modern Entrepreneurship." Encyclopedia. Web. 24 September, 2025.
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Digital Entrepreneurial Capability (DEC) is the integrated and learnable capacity that equips individuals, or founding teams, to sense, evaluate, and exploit entrepreneurial opportunities within digitally intermediated, platform-centric markets. The construct synthesises four interlocking elements. First, it requires technical dexterity: mastery of data engineering, AI-driven analytics, low-code development, cloud orchestration, and cybersecurity safeguards. Second, it draws on accumulated human capital—formal education, sector experience, and tacit managerial know-how that ground vision in operational reality. Third, DEC hinges on an opportunity-seeking mindset characterised by cognitive alertness, creative problem framing, a high need for achievement, and autonomous motivation. Finally, it depends on calculated risk tolerance, encompassing the ability to price and mitigate economic, technical, algorithmic, and competitive uncertainties endemic to platform economies. When these pillars operate synergistically, entrepreneurs translate digital affordances into scalable, resilient business models; when one pillar is weak, capability bottlenecks arise and ventures falter. Because each pillar can be intentionally developed through education, deliberate practice, and ecosystem support, DEC serves as a practical roadmap for stakeholders. It now informs scholarship across entrepreneurship, information systems, innovation management, and public-policy disciplines, and guides interventions ranging from curriculum design and accelerator programming to due-diligence heuristics and national digital literacy initiatives.
digital entrepreneurship
entrepreneurial capability
human capital
opportunity recognition
platform risk
risk tolerance
Digital Entrepreneurial Capability (DEC) refers to the blended skill-set, knowledge base, and psychological readiness that enable individuals to identify, evaluate, and exploit entrepreneurial opportunities in digitally mediated markets. Unlike traditional competency models often tilted toward either technological mastery or personality traits, DEC integrates four mutually reinforcing pillars. The first is digital skills and self-efficacy, signifying fluency with data analytics pipelines, artificial intelligence tools, and dominant platform architectures. The second pillar, human capital, encompasses formal education, sector-specific expertise, and tacit managerial know-how accumulated through experience. Third, opportunity recognition interwoven with entrepreneurial traits highlights the cognitive alertness, creativity, need for achievement, autonomy, and self-confidence that sharpen an entrepreneur’s sense of market gaps. Finally, risk tolerance coupled with platform risk management captures the ability to navigate economic, technical, algorithmic, and competitive uncertainty that typifies the digital economy.
Building on six decades of entrepreneurship scholarship from McClelland’s [1] classic work on the need for achievement to contemporary studies of platform dependency, this entry distils mature findings into an integrative framework relevant to policymakers, educators, investors, and founders. It reviews formative antecedents such as age, gender, family background, work experience, and career dissatisfaction, while also mapping contextual moderators, including financing access, legal form, sectoral dynamics, and national culture. Practical applications range from curriculum design and venture incubation to policy interventions and due-diligence screening.
The discussion concludes with a forward-looking research agenda that emphasises team-level DEC complementarity, longitudinal capability evolution, and the influence of generative AI on entrepreneurial decision-making. In doing so, DEC is presented as a robust, evidence-based lens through which to understand and cultivate entrepreneurial potential in the Fourth Industrial Revolution.
This entry pursues three objectives: (1) to offer a clear, operational definition of Digital Entrepreneurial Capability (DEC) as an integrated construct; (2) to synthesise the four interlocking pillars, digital skills and self-efficacy, human capital, opportunity recognition, and risk tolerance, into a single, actionable framework; and (3) to map practical implications and a forward research agenda for educators, policymakers, investors, and founders.
This is a narrative synthesis of peer-reviewed scholarship spanning entrepreneurship, information systems, and strategy. Sources were selected to cover classic theoretical roots (e.g., [2][3][4]) and contemporary work on digital platforms and capabilities; emphasis is placed on integrative reviews, meta-analyses, and high-quality empirical studies to ensure conceptual completeness rather than statistical generalisation (see methodology in Supplementary Material).
References
- McClelland, D.C. The Achieving Society; Van Nostrand: Princeton, NJ, USA, 1961.
- Schumpeter, J.A. The Theory of Economic Development: An Inquiry into Profits, Capital, Credit, Interest, and the Business Cycle; Harvard University Press: Cambridge, MA, USA, 1934.
- Knight, F.H. Risk, Uncertainty and Profit; Houghton Mifflin: Boston, MA, USA, 1921.
- Kirzner, I.M. Competition and Entrepreneurship; University of Chicago Press: Chicago, IL, USA, 1973.
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