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What is Artificial Entrepreneurship? The Influence of AI for the Creative Destruction of Schumpeter

Received: 27 January 2025     Accepted: 12 February 2025     Published: 25 March 2025
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Abstract

Artificial Intelligence (AI) is revolutionising the economy and society by automating processes, driving innovation and enabling new business models, leading to a significant increase in productivity and competitiveness. Until now, the aspect of "Innovation Development" has always been assigned to Humans as Entrepreneurs (or Intrapreneurs), but in the course of AI-Development, the question must increasingly be asked whether AI will not only take on a passive support role in this field but also an active development and decision-making role. Against this background, there is a growing need for research in the field of “Human versus Machine” for driving innovation and enabling new business models. (Human) Entrepreneurs are characterised by re­cog­nising, evaluating and exploiting entrepreneurial opportunities. According to Schumpeter's understanding, the "Human Entre­preneur" appears in particular as an innovator by developing innovative ideas through their creative power and establishing them on the market. To do this, they must make entrepreneurial decisions based on the available information and data. However, this decision-making process based on information or data is increasingly being taken over by Artificial Intelligence, which is much more powerful in handling this information or data. However, what happens when Artificial Intelligence not only supports the decision-making process of a "Human Entrepreneur" in a formative way but also takes it over as an "Artificial Entrepreneur" based on its own transformative creativity? The aim of the following article is to conceptually describe the prerequisites for the takeover of creative destruction by a machine in the sense of Schumpeter. The result is the development of a Framework which forms the basis for a new field of research: "Artificial Entrepreneurship".

Published in Research & Development (Volume 6, Issue 1)
DOI 10.11648/j.rd.20250601.12
Page(s) 7-29
Creative Commons

This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.

Copyright

Copyright © The Author(s), 2025. Published by Science Publishing Group

Keywords

Entrepreneurship, Artificial Intelligence, Entrepreneurial Decision-Making, Creative Destruction, Artificial Entrepreneurship

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    Kollmann, T. (2025). What is Artificial Entrepreneurship? The Influence of AI for the Creative Destruction of Schumpeter. Research & Development, 6(1), 7-29. https://doi.org/10.11648/j.rd.20250601.12

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    Kollmann, T. What is Artificial Entrepreneurship? The Influence of AI for the Creative Destruction of Schumpeter. Res. Dev. 2025, 6(1), 7-29. doi: 10.11648/j.rd.20250601.12

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    Kollmann T. What is Artificial Entrepreneurship? The Influence of AI for the Creative Destruction of Schumpeter. Res Dev. 2025;6(1):7-29. doi: 10.11648/j.rd.20250601.12

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  • @article{10.11648/j.rd.20250601.12,
      author = {Tobias Kollmann},
      title = {What is Artificial Entrepreneurship? The Influence of AI for the Creative Destruction of Schumpeter
    },
      journal = {Research & Development},
      volume = {6},
      number = {1},
      pages = {7-29},
      doi = {10.11648/j.rd.20250601.12},
      url = {https://doi.org/10.11648/j.rd.20250601.12},
      eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.rd.20250601.12},
      abstract = {Artificial Intelligence (AI) is revolutionising the economy and society by automating processes, driving innovation and enabling new business models, leading to a significant increase in productivity and competitiveness. Until now, the aspect of "Innovation Development" has always been assigned to Humans as Entrepreneurs (or Intrapreneurs), but in the course of AI-Development, the question must increasingly be asked whether AI will not only take on a passive support role in this field but also an active development and decision-making role. Against this background, there is a growing need for research in the field of “Human versus Machine” for driving innovation and enabling new business models. (Human) Entrepreneurs are characterised by re­cog­nising, evaluating and exploiting entrepreneurial opportunities. According to Schumpeter's understanding, the "Human Entre­preneur" appears in particular as an innovator by developing innovative ideas through their creative power and establishing them on the market. To do this, they must make entrepreneurial decisions based on the available information and data. However, this decision-making process based on information or data is increasingly being taken over by Artificial Intelligence, which is much more powerful in handling this information or data. However, what happens when Artificial Intelligence not only supports the decision-making process of a "Human Entrepreneur" in a formative way but also takes it over as an "Artificial Entrepreneur" based on its own transformative creativity? The aim of the following article is to conceptually describe the prerequisites for the takeover of creative destruction by a machine in the sense of Schumpeter. The result is the development of a Framework which forms the basis for a new field of research: "Artificial Entrepreneurship".
    },
     year = {2025}
    }
    

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