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 Journal of Statistics and Management Systems cover
Open Access ·Peer-reviewed·ISSN (Online): 2169-0014·ISSN (Print): 0972-0510

Monthly Journal: Publishes peer-reviewed aticles on theoretical and applied statistics and management systems, expoloring industrial statistics, actuarial and decision sciences.

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Open Access Research Article

Impact of technology on the success of tech based social entrepreneurs in Bengaluru city

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pp. 1803–1817Vol. 26Issue 7October 2023DOI: 10.47974/JSMS-1146XML
Published Online:
27 Nov 2023
Article type:
Research Article
Language:
EN
Article no.:
JSMS-1146
Pages:
1803–1817

Abstract

Purpose - Through a comprehensive analysis of relevant literature, this study will examine the most significant factors—such as technology, skills, personality, and motivation—that impact the success of Social tech entrepreneurs  Design/ Methodology/ Approach - With the growth of the local economy, Bangalore has seen a boom in tech-social entrepreneurship, which has recently become the most relevant topic in management studies. This article explored a few tech-related social entrepreneurs and used the Fuzzy Analytic Hierarchy Process to gauge their effectiveness (FAHP). The survey covers Bangalore-based tech-social entrepreneurs. 7 social tech entrepreneurs were chosen for the study.  Findings - The findings of the study revealed that for successful social tech entrepreneurship, tech business environment, and Tech personality traits are essential and significant. Using their inventive mindset, technological expertise, commitment to change, and self-efficacy for innovation are all important factors in the success of tech social entrepreneurs. Personal qualities came in at number two, suggesting that a social tech entrepreneur’s outlook is influenced by his or her exposure to new technologies and ways of thinking. Originality Value - As the knowledge-based economy and information technology continue to develop and evolve, tech entrepreneurs are better equipped to learn and apply a wide range of technical abilities to a variety of contexts. This is mostly a result of their aptitude for handling and conquering a variety of technological advancements, creating discoveries and inventions, persuading people, and leading them. The traits of an entrepreneur have a big impact on how successful they are as an entrepreneur. The entrepreneur’s personality, leadership, managerial competence, communication skills, and external circumstances are critical in turning the business into a successful one, even if these factors are essential to developing effective companies. External aspects such as favorable conditions (i.e., the potentiality of markets and technological sophistication, etc.), high-caliber of entrepreneur/ entrepreneurial teams, and promotion policies to encourage social entrepreneurship are the factors that promote early business growth. The significance of each of the attributes contributing to social tech entrepreneurship is explored on an original basis using the FAHP technique.

Keywords

Subject Classifications

65S9965T50

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