[go: up one dir, main page]
IDEAS home Printed from https://ideas.repec.org/a/gam/jsusta/v14y2022i24p16812-d1003779.html
   My bibliography  Save this article

Analysis of Critical Factors for the Entrepreneurship in Industries of the Future Based on DEMATEL-ISM Approach

Author

Listed:
  • Yun Chen

    (School of Management, Wuhan University of Technology, Wuhan 430070, China)

  • Rui Zhou

    (School of Management, Wuhan University of Technology, Wuhan 430070, China)

  • Yuan Zhou

    (School of Management, Wuhan University of Technology, Wuhan 430070, China)

Abstract
In the face of the fourth industrial revolution (Industry 4.0 era), in order to cope with the various crises that may come, countries around the world are accelerating the research and development of cutting-edge technologies and promoting and deploying the Industries of the Future in order to seize the high ground in the new round of strategic competition in science and technology. Therefore, entrepreneurship in Industries of the Future has become an urgent problem for governments and enterprises to solve. Entrepreneurship in Industries of the Future is a systematic project with uncertainties, which is dynamically influenced by many factors and has different levels of division among them. Inspired by the form of Porter’s diamond model, this paper constructs a diamond model of the driving mechanism of entrepreneurship in Industries of the Future. Using the DEMATEL-ISM analysis method, each critical factor and influence mechanism of entrepreneurship in Industries of the Future is explored, and a multi-level structural model is established. The study found eight critical factors affecting entrepreneurship in Industries of the Future, among which technology, creation, need, and aspiration are the critical factors, and relevant enterprises and governments should prioritize these influencing factors and deal with them.

Suggested Citation

  • Yun Chen & Rui Zhou & Yuan Zhou, 2022. "Analysis of Critical Factors for the Entrepreneurship in Industries of the Future Based on DEMATEL-ISM Approach," Sustainability, MDPI, vol. 14(24), pages 1-21, December.
    • Handle: RePEc:gam:jsusta:v:14:y:2022:i:24:p:16812-:d:1003779
    as

    Download full text from publisher

    File URL: https://www.mdpi.com/2071-1050/14/24/16812/pdf
    Download Restriction: no
    File URL: https://www.mdpi.com/2071-1050/14/24/16812/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Lia Tirabeni & Paola De Bernardi & Canio Forliano & Mattia Franco, 2019. "How Can Organisations and Business Models Lead to a More Sustainable Society? A Framework from a Systematic Review of the Industry 4.0," Sustainability, MDPI, vol. 11(22), pages 1-23, November.
    2. Paweł Kłobukowski & Jacek Pasieczny, 2020. "Impact of Resources on the Development of Local Entrepreneurship in Industry 4.0," Sustainability, MDPI, vol. 12(24), pages 1-25, December.
    3. Rosenberg,Nathan, 1994. "Exploring the Black Box," Cambridge Books, Cambridge University Press, number 9780521459556, September.
    4. Luis Enrique Santiago, 2020. "The industries of the future in Mexico: Local and non‐local effects in the localization of “knowledge‐intensive services”," Growth and Change, Wiley Blackwell, vol. 51(2), pages 584-606, June.
    5. Reynolds, Paul & Miller, Brenda, 1992. "New firm gestation: Conception, birth, and implications for research," Journal of Business Venturing, Elsevier, vol. 7(5), pages 405-417, September.
    6. José Salvador da Motta Reis & Maximilian Espuny & Thaís Vieira Nunhes & Nilo Antonio de Souza Sampaio & Raine Isaksson & Fernando Celso de Campos & Otávio José de Oliveira, 2021. "Striding towards Sustainability: A Framework to Overcome Challenges and Explore Opportunities through Industry 4.0," Sustainability, MDPI, vol. 13(9), pages 1-28, May.
    7. Alexander Brem & Daniel A. Gerhard & Kai-Ingo Voigt, 2014. "Strategic Technological Sourcing Decisions in the Context of Timing and Market Strategies: An Empirical Analysis," International Journal of Innovation and Technology Management (IJITM), World Scientific Publishing Co. Pte. Ltd., vol. 11(03), pages 1-23.
    8. Chenlei Guan & Damin Dong & Feng Shen & Xin Gao & Linyan Chen, 2022. "Hierarchical Structure Model of Safety Risk Factors in New Coastal Towns: A Systematic Analysis Using the DEMATEL-ISM-SNA Method," IJERPH, MDPI, vol. 19(17), pages 1-17, August.
    9. Alan Carsrud & Malin Brännback, 2011. "Entrepreneurial Motivations: What Do We Still Need to Know?," Journal of Small Business Management, Taylor & Francis Journals, vol. 49(1), pages 9-26, January.
    10. Roland, Gérard, 2004. "Entrepreneurship: First Results from Russia," Department of Economics, Working Paper Series qt4r80s1b0, Department of Economics, Institute for Business and Economic Research, UC Berkeley.
    11. Roland, Gérard, 2004. "Entrepreneurship: First Results from Russia," Department of Economics, Working Paper Series qt4r80s1b0, Department of Economics, Institute for Business and Economic Research, UC Berkeley.
    12. Gyorgy Kovacs & Sebastian Kot, 2016. "New Logistics And Production Trends As The Effect Of Global Economy Changes," Polish Journal of Management Studies, Czestochowa Technical University, Department of Management, vol. 14(2), pages 115-126, December.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Gul Shah Sabary & Lukáš Durda & Arif Ibne Asad & Aleksandr Kljuènikov, 2023. "Key motivational factors behind Asian immigrant entrepreneurship: A causal relationship analysis employing the DEMATEL approach for Germany," Equilibrium. Quarterly Journal of Economics and Economic Policy, Institute of Economic Research, vol. 18(1), pages 287-318, March.
    2. Gul Shah Sabary & Aleksandr Kljuènikov, 2023. "Barriers to immigrant entrepreneurship: A causal relationship analysis of the Asian immigrant entrepreneurs in Germany employing the DEMATEL approach," Equilibrium. Quarterly Journal of Economics and Economic Policy, Institute of Economic Research, vol. 18(2), pages 491-522, June.
    3. Huihui Liu & Hui Yu & Hongmin Zhou & Xiantang Zhang, 2023. "Research on the Influencing Factors of Construction Enterprises’ Digital Transformation Based on DEMATEL-TAISM," Sustainability, MDPI, vol. 15(12), pages 1-22, June.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Niels Stijn & Frank J. Rijnsoever & Martine Veelen, 2018. "Exploring the motives and practices of university–start-up interaction: evidence from Route 128," The Journal of Technology Transfer, Springer, vol. 43(3), pages 674-713, June.
    2. Sophia Belghiti-Mahut & Anne-Laurence Lafont & Angélique Rodhain & Florence Rodhain & Leila Temri & Ouidad Yousfi, 2016. "Genre et innovateur frugal : 4 cas de femmes innovatrices," Innovations, De Boeck Université, vol. 0(3), pages 69-93.
    3. Kayhan Tajeddini & Stephen Mueller, 2009. "Entrepreneurial characteristics in Switzerland and the UK: A comparative study of techno-entrepreneurs," Journal of International Entrepreneurship, Springer, vol. 7(1), pages 1-25, March.
    4. Preeya Mohan & Patrick Watson & Eric Strobl, 2018. "Nascent Entrepreneurs In Caribbean Small Island Developing States: Opportunity Versus Necessity," Journal of Developmental Entrepreneurship (JDE), World Scientific Publishing Co. Pte. Ltd., vol. 23(04), pages 1-18, December.
    5. Olivier Giacomin & Frank Janssen & Jean-Luc Guyot & Olivier Lohest, 2023. "Opportunity and/or Necessity Entrepreneurship? The Impact of the Socio-Economic Characteristics of Entrepreneurs," Sustainability, MDPI, vol. 15(14), pages 1-21, July.
    6. Diana Hechavarría & Charles Matthews & Paul Reynolds, 2016. "Does start-up financing influence start-up speed? Evidence from the panel study of entrepreneurial dynamics," Small Business Economics, Springer, vol. 46(1), pages 137-167, January.
    7. Richard E. Baldwin & Philippe Martin & Gianmarco I. P. Ottaviano, 2021. "Global Income Divergence, Trade, and Industrialization: The Geography of Growth Take-Offs," World Scientific Book Chapters, in: Firms and Workers in a Globalized World Larger Markets, Tougher Competition, chapter 2, pages 25-57, World Scientific Publishing Co. Pte. Ltd..
    8. Aschhoff, Birgit & Baier, Elisabeth & Crass, Dirk & Hud, Martin & Hünermund, Paul & Köhler, Christian & Peters, Bettina & Rammer, Christian & Schricke, Esther & Schubert, Torben & Schwiebacher, Franz, 2013. "Innovation in Germany - Results of the German CIS 2006 to 2010. Background report on the Innovation Surveys 2007, 2009 and 2011 of the Mannheim Innovation Panel," ZEW Dokumentationen 13-01, ZEW - Leibniz Centre for European Economic Research.
    9. Michael Stuetzer & David B. Audretsch & Martin Obschonka & Samuel D. Gosling & Peter J. Rentfrow & Jeff Potter, 2018. "Entrepreneurship culture, knowledge spillovers and the growth of regions," Regional Studies, Taylor & Francis Journals, vol. 52(5), pages 608-618, May.
    10. Johan Hauknes & Per M. Koch, "undated". "Two sides – one coin?," STEP Report series 200318, The STEP Group, Studies in technology, innovation and economic policy.
    11. Ratan J. S. Dheer & Aycan Kara, 2024. "Immigrants’ entrepreneurial intentions: acculturation-based socio-psychological lens," International Entrepreneurship and Management Journal, Springer, vol. 20(4), pages 2979-2999, December.
    12. Thomas Ã…stebro, 1998. "Basic Statistics on the Success Rate and Profits for Independent Inventors," Entrepreneurship Theory and Practice, , vol. 23(2), pages 41-48, December.
    13. Andersson Fredrik O. & Ford Michael, 2017. "Entry Barriers and Nonprofit Founding Rates: An Examination of the Milwaukee Voucher School Population," Nonprofit Policy Forum, De Gruyter, vol. 8(1), pages 71-90, January.
    14. Zhiyang Liu & Guixing Wu, 2022. "Gendered motives towards hybrid entrepreneurial intentions: Empirical evidence from China," International Studies of Economics, John Wiley & Sons, vol. 17(1), pages 36-64, June.
    15. Hoe Chin Goi & Jiro Kokuryo, 2016. "Design of a University-Based Venture Gestation Program (UVGP)," Journal of Enterprising Culture (JEC), World Scientific Publishing Co. Pte. Ltd., vol. 24(01), pages 1-35, March.
    16. Justin R. Hall & Selen Savas-Hall & Eric H. Shaw, 2023. "A deductive approach to a systematic review of entrepreneurship literature," Management Review Quarterly, Springer, vol. 73(3), pages 987-1016, September.
    17. Govindan, Kannan & Kannan, Devika & Jørgensen, Thomas Ballegård & Nielsen, Tim Straarup, 2022. "Supply Chain 4.0 performance measurement: A systematic literature review, framework development, and empirical evidence," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 164(C).
    18. Alcott, Blake, 2008. "The sufficiency strategy: Would rich-world frugality lower environmental impact," Ecological Economics, Elsevier, vol. 64(4), pages 770-786, February.
    19. Marco Caliendo & Alexander S. Kritikos & Claudia Stier, 2023. "The influence of start-up motivation on entrepreneurial performance," Small Business Economics, Springer, vol. 61(3), pages 869-889, October.
    20. Jochen Streb, 1999. "How to Win Schumpeterian Competition: Technological Transfers in the German Plastics Industry from the 1930s to the 1970s," Working Papers 811, Economic Growth Center, Yale University.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:gam:jsusta:v:14:y:2022:i:24:p:16812-:d:1003779. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: MDPI Indexing Manager (email available below). General contact details of provider: https://www.mdpi.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.