Entrepreneurship, Business Strategy, and Policy Making: A Comparative Study of Traditional/Physical and New/Digital Business Models

About this project

Project description

Compare and contrast the traditional and new business models, and identify the factors that differentially impact these businesses, including entrepreneur characteristics, firm strategy, and government policy, in the context of both Australia and India.
Considering the importance of both old and new business models on entrepreneurship and the role of policy making in the context of Australia and India this study will be conducted with the following research objectives:
1. Identify the factors that impact entrepreneurship in traditional versus new businesses.
2. Identify/model the key differentiating characteristics underlying the old and new business models, including business strategy, firm organization, and managerial decision-making.
3. Model the factors that impact entrepreneurship and business strategy in the new digital era, and establish hierarchical inter-linkages among these factors.
4. Undertake quantitative and case study analysis of both traditional and new business models and develop/extend new theories of the firm for the digital era.
5. Compare and contrast the measures adopted by policy makers in Australia and India to sustain entrepreneurship in the new, digital era.

The methodology will include both primary and secondary research.
A set of firms pursuing traditional, digital, and hybrid business models will be identified from secondary sources. Using quantitative modelling, these firms will be compared and contrasted on a range of strategic, organizational, and entrepreneurial characteristics. The impact of policy making on these firms will also be examined. The results will be verified with a few in-depth case studies in Australia and India, and validated with experts in these fields. The findings will be presented in seminars, workshops, conferences, and other academic forums nationally and internationally

Project deliverables/outcomes

Following outcomes of the study are proposed:
1. Extend/develop a new theory of the firm for the digital era.
2. Test and validate the proposed new theory of the firm with large-scale quantitative data, and in-depth case studies.
3. Present the findings to academic, practitioner and policy communities through national and international seminars, workshops, conferences, and journal publications.


Following outcomes of the study are proposed:

  1. The study will identify the similarities and differences in the policies adopted by the Australian and Indian government to ameliorate COVID-19 related business disruptions. This will also help to understand the impact of COVID-19 on entrepreneurship and businesses as a whole.
  2. The study will identify the factors that impacted business and entrepreneurship during COVID-19 in the context of Australia and India.
  3. The modeling of factors affecting business and entrepreneurship during Covid-19 will be conducted for a better understanding of the phenomena in both the Australian and Indian context.
  4. Impact of COVID-19 on policy making and subsequently on entrepreneurship will be empirically studied to compare the contexts of Australia and India.
  5. The case study will verify the results of COVID-19 impact on business and entrepreneurship and the role of policy making across Australia and India.

The findings from this study will be documented and published in international and national reputed journals.

Information for applicants

Essential capabilities

High proficiency in English language (reading and writing), evidence of previous experience, field work and published conference papers preferred.

Desireable capabilities

Entrepreneurship and Policy Making domain knowledge is desirable

Expected qualifications (Course/Degrees etc.)

Bachelor’s degree (honours) with a first or second class or Masters degree with a research study.

Additional information for applicants

note: i-students must have own scholarship to apply (CSIR, UCG-NET, etc)

Candidate Discipline


Project supervisors

Principal supervisors

UQ Supervisor

Associate professor Sunil Venaik

UQ Business School
IITD Supervisor

Professor Sanjay Dhir

Department of Management Studies