Designing a Technological Entrepreneurship Model in the Banking Industry with a Combined Approach

Document Type : Research Paper

Author

Faculty Member, Department of Entrepreneurship , Parsa Institute of Higher Education, Babolsar, Iran

Abstract

Today, the application of technology in banks as a solution to organizational problems has created the emergence of the new dimension of the concept of "technological entrepreneurship'. The aim of the current research was to design and apply a technological entrepreneurship model in the banking industry with a hybrid approach. The method was descriptive-correlation. In the first step, the factors on technological entrepreneurship were extracted through a systematic review of the research background and confirmed through semi-structured interviews with 20 academic experts and managers of the banking industry using the fuzzy Delphi method. The output of this stage was 36 components, categorized in 7 dimensions (inter-organizational, structural, institutional, skill, management, market and customer interactions, technology). Then, in the second step, the dimensions were leveled with interpretive structural modeling method and clustered with Micmac analysis, which was analyzed using Excel software. The results showed that the market dimension and customers are at the first level, the dimensions of inter-organizational, institutional, skill, and management interactions are at the second level, the structural dimension is at the third level, and the technology dimension is at the fourth level, so it is considered the most salient dimension and the structural dimensions, Institutional, technology in the independent cluster and management dimension in the linked cluster and the dimensions of inter-organizational, skill, market and customer interactions are placed in the dependent cluster and finally it can be said: one of the important factors of economic growth and increasing the power of banks in the field of competitiveness, special attention to technological entrepreneurship.

Keywords


-Ahmadpour,A and Hosseinian,Z.(2015). Investigating the Relationship between Knowledge Management and Communication with Banking Services Innovation in National Bank of Mazandaran Branches. The First International Conference on the Role of Managing the Islamic Revolution in the Geometry of the Power of the World System (Management, Politics, Economics, Culture, Security, Accounting). [In Persian]
- Aref ,F, Ohadi,F and Khamseh,A.(2019). Study of effective factors on service innovation in Tourism bank. Industrial technology development,17(35),5-18. [In Persian]
-Azar,A and Khosravani,F.(2019). Research in soft operations (problem structuring approaches), Industrial Management Organization Publications, Tehran. [In Persian]
- Babaei Fishani,M, Khozin,A, Zia,B and Ashrafi,M .(2022). Presenting a Model of Technological Entrepreneurship Ecosystem in the Field of Knowledge-Based Businesses Active in the Field of Financial Technology, Financial Economics,11(44),175-202. [In Persian]
https://jik.srbiau.ac.ir/article_20336.html.
-Badzińska. E.(2016). The Concept of Technological Entrepreneurship: The Example of Business Implementation, Entrepreneurial Business and Economics Review, 4(3), 57-72.
DOI: 10.15678/EBER.2016.040305.
- Blanco, S. (2007). How techno-entrepreneurs build a potentially exciting future? Handbook of Research on Techno-Entrepreneurship, (ed.) by Francois Therin, Edward Elgar.
-Benfratello, L. Schiantarelli, F. and Sembenelli, A. (2008). Banks and innovation: Micro econometric evidence on Italian firms. Journal of Financial Economics, 90, 197 -217.
- Dahlstrand, A.L.(2007). Technology-based entrepreneurship and regional development: the case of Sweden,European Business Review, 19(5),373-386.
-Dorf, R.C., & Byers, T. H. (2005). Technology ventures: From idea to enterprise. Newyork: McGraw-Hill.
-Eshqi M, Sarlak M A, Darvish H, Mosavi M.(2019). Design and Explanation of E- Entrepreneurial Organization Model in Iranian Banking Industry (Case Study: Refah Bank). IQBQ, 23 (2) ,28-53. [In Persian]https://mri.modares.ac.ir/article-19-22239-fa.html
-Faisal, M. Banwet, D.K. and Shankar, R. (2006). Supply chain risk mitigation: modelling the enablers, Business Process Management, 12(4), 535-552.
-Ghavami ,A, Sarafizadeh qazvini ,A, Badizadeh ,A and Alem Tabriz,A.(2019). Factors Affecting Technological Corporate Entrepreneurship: An e-Business Approach. Technology Development Management,7(3),37-61. [In Persian]
- Hajihoseini,H  and Sarhaddi,P.(2017). Investigating salient features of technological entrepreneurial and its difference with traditional entrepreneurship, Journal of The Popularization of Science,8(13),41-63. [In Persian]
-Hosseininia, G, Yaghoubi Farani, A and afshar, S.(2014). Environmental factors affecting technological entrepreneurship in Electric Industry. Ieijqp, 3 (1) ,8-17. [In Persian]
-Hosseini Moghadam ,MR and Hejazi,R.(2014). The Impact of Entrepreneurial Orientation on Performance of Banks with Emphasis on the Role of Market Orientation as Mediator.Journal Entrepreneurship  Development,7(2),211-229. [In Persian]
- Imani,M.N, Nazem,F., and Rafee Liavli,A.(2017). Identification of Components and Factors Affecting Entrepreneurship of Students in Vocational Colleges and Schools of Gilan,Iranian journal of educational Sociology, 1(4), 12-22. [In Persian]
- Jafari S, Badizadeh A, Heidarzadeh K and Khoon Siavash M.(2018). The Model of E-Banking Entrepreneurship Ecosystem based on the Development of E-Business Styles. Islamic Life Style, 2 (1) ,99-115. [In Persian]
-Khakhzadian,M and Rezaei.H.(2021). Fundamentals of Technological Entrepreneurship, First Edition, Hooshmand Tadbir Publications: Tehran. [In Persian]
-Keshavarz,L and Poormoradi.M.(2017). Designing a technological entrepreneurship model in sports delegations of Kerman province, The first national conference on sports science and federations with emphasis on the triple sports federation. [In Persian]
-Lay Hong, T, Boon Cheong, Ch and Syaiful Rizal, H.(2016). Service Innovation in Malaysian Banking Industry towards Sustainable Competitive Advantage through Environmentally and Socially Practices, Procedia – Social and Behavioral Sciences,224(1), 52-59.
-Mohammadi,SH and Momayez,A.(2014). Identifying Critical Success Factors in Social Technopreneurship for Delivering Municipal Services to Disabled People. Science and Technology Policy,7(3),67-86. [In Persian]
-Moghni,H,Nasehifar,V and Nategh,T.(2020). How the development of financial technologies affects the improvement of financial services performance. Financial Economics,13(49),183-212. [In Persian]
-Moradi,M and  Farajollahzadeh,M.(2020). Identifying and Prioritizing Factors Affecting Advanced Technology Entrepreneurship in Iran. National Defense Strategic Management Studies,4(13),141-170. [In Persian]
- Nazifi ,S, Samiee ,R, Shojaee ,S and Mostaghimi,M.(2020). Presentation of the model of the influential factors of entrepreneurial banking based on the policy framework,Iranian Journal of Public Administration Mission,10(4),97-112. [In Persian]
-Petti , C  and Zhang, Sh.(2014). Factors influencing technological entrepreneurship in Chinese firms: evidence from Guangdong, Int. J. Technology Management, 65(1),70-95.
-Petti, C. (2009). Cases in technological entrepreneurship: Converting ideas into value. Edward Elgar.
- Prodan, I. (2008). A model of technological entrepreneurship,Handbook of Research On Techno-Entrepreneurship, Ecosystems,Innovation and Development. Research Handbooks in Business and Management series.
-Ramezanpor nargesi,GH, Ramezanpor nargesi,S and Ghaffari,A.(2016). Key elements affecting the development of technological entrepreneurship in knowledge-based companies located in science and technology parks in Iran. Entrepreneurship Development,8(4),749-766. [In Persian]
- Shahabadi,A, Moradi,A and Rahwardarzadeh, M .(2022). The Effect of Entrepreneurship on Development of Banking Sector in Developing and Developed Selected Countries, The Journal of Economic Studies and Policies,8(16),62-87. [In Persian]
-Shane, S., and Venkataraman, S. (2003). Guest editors` introduction to the special issue on technology entrepreneurship. Research Policy, 32, 181-184.
-Siyanbola ,W., Aderemi, H, and Abiodun, A.(2011). Framework for Technological Entrepreneurship Development: Key Issues and Policy Directions, American Journal of Industrial and Business Management,1,10-19.
-Varkianipor,N and Abbasi,M.(2022). Presenting the internationalization model of technological entrepreneurship in Islamic banking, Strategic studies of humanities and Islamic sciences,43(1),405-426. [In Persian]
https://www.noormags.ir/view/fa/articlepage/1882573.
-Warfield, J.W. (1974). Developing interconnected matrices in structural modelling, IEEE transcript on systems, Men and Cybernetics, 4(1), 51-81.