Artificial Intelligence and Entrepreneurship: Implications for Venture Creation in the Fourth Industrial Revolution

2020/07/15 by Dominic Chalmers, Niall G. MacKenzie, Niall MacKenzie +1 · 7 citations
Business, Management and Accounting · #Entrepreneurship Studies and Influences #FinTech, Crowdfunding, Digital Finance #Private Equity and Venture Capital

paper · pdf · doi:10.1177/1042258720934581

openalex publication_date 2020/07/15 · openalex created_date 2025/10/10 · openalex updated_date 2026/07/31

Abstract

This article explores the ways artificial intelligence (AI) may impact new venture processes, practices and outcomes. We examine how such technology will augment and replace tasks associated with idea production, selling, and scaling. These changes entail new ways of working, and we consider implications for the organizational design of entrepreneurial ventures. While AI can enhance entrepreneurial activities, liabilities stem from this technological leverage. We advance a research agenda that draws attention towards negative social and economic implications of AI, particularly for more traditional small firms at risk of disintermediation in an AI economy.

Citations

• Opportunity Discovery, Problem Solving and a Theory of the Entrepreneurial Firm
• Siri, Siri, in my hand: Who’s the fairest in the land? On the interpretations, illustrations, and implications of artificial intelligence
• The Three Stages of Disruptive Innovation: Idea Generation, Incubation, and Scaling
• The promise of social signal processing for research on decision-making in entrepreneurial contexts
• Understanding the Role of Artificial Intelligence in Personalized Engagement Marketing
• Organizational Decision-Making Structures in the Age of Artificial Intelligence
• A Brief History of Artificial Intelligence: On the Past, Present, and Future of Artificial Intelligence
• The Feeling Economy: Managing in the Next Generation of Artificial Intelligence (AI)
• How artificial intelligence will change the future of marketing
• The Role of Artificial Intelligence and Data Network Effects for Creating User Value
• Human Trust in Artificial Intelligence: Review of Empirical Research
• Digital Economics
• ARTIFICIAL INTELLIGENCE FOR THE REAL WORLD

Cited by

• Rural entrepreneurship: foundations and future directions during a time of transformation
• Building entrepreneurial resilience during crisis using generative AI: An empirical study on SMEs
• When does AI pay off? AI-adoption intensity, complementary investments, and R&D strategy
• The self‐regulatory consequences of dependence on intelligent machines at work: Evidence from field and experimental studies
• From Greenwashing to Machinewashing: A Model and Future Directions Derived from Reasoning by Analogy
• Artificial Intelligence and Entrepreneurship: A Call for Research to Prospect and Establish the Scholarly AI Frontiers
• How digital technology promotes entrepreneurship in ecosystems

Related

• Artificial Intelligence and Entrepreneurship: A Call for Research to Prospect and Establish the Scholarly AI Frontiers
• Pursuing Impactful Entrepreneurship Research Using Artificial Intelligence
• Impact of Artificial Intelligence on Businesses: from Research, Innovation, Market Deployment to Future Shifts in Business Models
• The Solo Revolution: A Theory of AI-Enabled Individual Entrepreneurship
• Artificial intelligence and radical innovation: an opportunity for all companies?