An examination of the impact of digital entrepreneurship on social mobility: Evidence from Lagos State
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Background of the study
Digital entrepreneurship has emerged as a transformative force in modern economies, reshaping business landscapes and creating new avenues for social mobility. In Lagos State, the rapid expansion of digital technologies and the increasing penetration of the internet have catalyzed a surge in entrepreneurial activities, particularly among young innovators and tech-savvy individuals. Digital startups are not only driving economic growth but are also providing opportunities for individuals from diverse socio-economic backgrounds to improve their living standards and achieve upward mobility (Adebayo, 2023). The digital economy facilitates access to global markets, innovative business models, and scalable solutions that overcome traditional barriers to entry. This democratization of entrepreneurship fosters a more inclusive economic environment, allowing traditionally marginalized groups to participate in wealth creation and social transformation. Despite these promising developments, challenges such as inadequate digital infrastructure, limited access to funding, and skill gaps persist, hindering the full potential of digital entrepreneurship to drive social mobility (Oluwaseun, 2024). This study aims to examine the impact of digital entrepreneurship on social mobility in Lagos State, analyzing how digital platforms and innovative business practices contribute to economic empowerment and social change.
Statement of the problem
While digital entrepreneurship in Lagos State has opened new pathways for economic advancement, significant barriers remain that limit its effectiveness in promoting social mobility. Challenges such as insufficient access to venture capital, gaps in technical and business skills, and digital infrastructure deficiencies create disparities in entrepreneurial success. These issues prevent many aspiring entrepreneurs from fully capitalizing on digital opportunities, thereby restricting their upward social mobility. Furthermore, there is a lack of comprehensive research on how these digital ventures influence social stratification and whether they provide sustainable solutions for marginalized communities (Babatunde, 2023). Addressing these challenges is critical to understanding and maximizing the role of digital entrepreneurship as a tool for social change.
Objectives of the Study
To assess the impact of digital entrepreneurship on social mobility in Lagos State.
To identify the key challenges limiting the success of digital ventures among marginalized groups.
To propose strategies to enhance the role of digital entrepreneurship in fostering inclusive economic growth.
Research questions
How does digital entrepreneurship influence social mobility in Lagos State?
What barriers hinder the success of digital ventures among marginalized groups?
What strategies can improve the inclusivity and impact of digital entrepreneurship?
Significance of the study
This study is significant as it explores the transformative potential of digital entrepreneurship in promoting social mobility in Lagos State. By identifying the challenges and opportunities associated with digital ventures, the findings will guide policymakers, investors, and entrepreneurs in creating a more inclusive digital economy. The insights provided will help shape initiatives aimed at reducing socio-economic disparities and enhancing economic empowerment through technology (Olusola, 2024).
Scope and limitations of the study
This study is limited to examining digital entrepreneurship and its impact on social mobility within Lagos State. It focuses exclusively on digital ventures and excludes traditional forms of entrepreneurship. Limitations include potential biases in self-reported data and variations in digital infrastructure across different localities.
Definitions of terms
Digital Entrepreneurship: The process of creating and managing business ventures that primarily operate through digital platforms.
Social Mobility: The ability of individuals or groups to move between social strata through changes in income, education, or occupation.
Digital Infrastructure: The foundational services, including internet connectivity and technological resources, that support digital economic activities.
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