Implications of the 4th industrial revolution on entrepreneurship education

Sizwe Mkwanazi, Charles Mbohwa

Research output: Contribution to journalConference articlepeer-review

2 Citations (Scopus)

Abstract

Changes in societal and technological economic systems indicate an industrial revolution. Any industrial revolution comes with implications on the education of its society. An interest in entrepreneurship education has grown since the beginning of the millennium 2000 mainly in institutions of higher education, incubators, development agencies and government in developing countries. The focus of entrepreneurship education has been on opportunity identification, attracting resources and managing risk in a new start-up enterprise. However, the 4th Industrial Revolution changes the narrative of how entrepreneurship education is understood and its future. The 4th Industrial Revolution means change in societal and technological economic systems. The nature of opportunities and how resources for businesses are deployed will also change, hence a need to understand the implications of the 4th Industrial Revolution on Entrepreneurship Education. In this research paper we use a theoretical framework that presents focal themes of Entrepreneurship Education and Industry 4.0. These are contrasted in this paper to derive the implications of Industry 4.0 on Entrepreneurship Education following the research design of this study. The design of this study is a desk review of 50 journal articles on which the derivation of the implications of Industry 4.0 on EE is based. A discussion, conclusion and a direction for future research is provided on this paper.

Original languageEnglish
Pages (from-to)318-328
Number of pages11
JournalProceedings of the International Conference on Industrial Engineering and Operations Management
Volume2018
Issue numberSEP
Publication statusPublished - 2018
Event3rd North American IEOM Conference. IEOM 2018 -
Duration: 27 Sept 201829 Sept 2018

Keywords

  • 4 industrial revolution
  • Entrepreneurship education
  • Resources and opportunities

ASJC Scopus subject areas

  • Strategy and Management
  • Management Science and Operations Research
  • Control and Systems Engineering
  • Industrial and Manufacturing Engineering

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