Analysis on the Impact of Industry 4.0 on Academic Entrepreneurship and Traditional Performance: Past, Present and Future Trends
Subject Areas : Special
1 - Associate Professor, Economics, economics and administrative department, Gonbad Kavous University, Gonbad Kavous Iran
Keywords: Industry 4.0, Academic Entrepreneurship, Technological Evolution, Cooperation. JEL Classification: I23, O30,
Abstract :
This research explores the multifaceted relationship between Industry 4.0 and academic entrepreneurship. It examines the historical context, current trends, and anticipated future trajectories of this dynamic interaction. By analyzing empirical evidence and established theoretical frameworks, the study investigates the transformative effects of Industry 4.0 technologies (artificial intelligence, block chain, Internet of Things) on universities. The research highlights the evolving nature of academic performance metrics, shifting from solely focusing on publications to encompassing entrepreneurial endeavors, knowledge transfer, and societal impact. It acknowledges the challenges and opportunities presented by this integration, including faculty resistance, interdisciplinary complexities, and intellectual property concerns. The study concludes by identifying key enablers, such as visionary leadership, strong industry partnerships, and curriculum flexibility, which can foster a thriving ecosystem for academic entrepreneurship in the age of Industry 4.0
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37. Cai, Y., & Etzkowitz, H. Theorizing the Triple Helix model: Past, present, and future. Triple Helix. 2020. 7(2-3): 189-226.
38. Ghobakhloo, M. The future of manufacturing industry: a strategic roadmap toward Industry 4.0. Journal of manufacturing technology management. 2018. 29(6): p.910-936.
39. Vilalta-Perdomo, E., Michel-Villarreal, R., & Thierry-Aguilera, R. Integrating industry 4.0 in higher education using challenge-based learning: An intervention in operations management. Education Sciences. 2022. 12(10): p.663.
40. Hidayat, M., & Yunus, U. The entrepreneurship learning in industrial 4.0 era (case study in indonesian college). Journal of Entrepreneurship Education, 2019. 22(5): p.1-15.
41. Vilalta-Perdomo, E., Michel-Villarreal, R., & Thierry-Aguilera, R. Integrating industry 4.0 in higher education using challenge-based learning: An intervention in operations management. Education Sciences. 2022. 12(10): p.663.
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49. Zahariadis, T. Tackling faults in the industry 4.0 era—a survey of machine-learning solutions and key aspects. Sensors. 2019. 20(1): p.109.
50. Schäfer, M. The fourth industrial revolution: How the EU can lead it. European View. 2018 17(1): 5-12.
51. Cavallo, A., Ghezzi, A., & Balocco, R. Entrepreneurial ecosystem research: Present debates and future directions. International entrepreneurship and management journal. 2019. 15: 1291-1321.
52. Almeshal, T. A., & Alhogail, A. A. Blockchain for businesses: a scoping review of suitability evaluations frameworks. IEEE Access, (2021). 9: 155425-155442.
53. Dalenogare, L. S., Benitez, G. B., Ayala, N. F., & Frank, A. G. (2018). The expected contribution of Industry 4.0 technologies for industrial performance. International Journal of production economics .383- 394, 204.
54. Damiani, L., Demartini, M., Guizzi, G., Revetria, R., & Tonelli, F. Augmented and virtual reality applications in industrial systems: A qualitative review towards the industry 4.0 era. IFAC-PapersOnLine. (2018). 51(11): 624-630.
55. Caldarola, E. G., Modoni, G. E., & Sacco, M. (2018). Enhancing the Workforce Skills and Competences by Leveraging a Human-Centered Knowledge-Based System in the Rise of Industry 4.0. International Journal on Advances in Intelligent Systems. (2018). 11(3&4): 309-324.
56. Foo, H. Y., & Turner, J. J. Entrepreneurial learning’-the role of university led business incubators and mentors in equipping graduates with the necessary skills set for Industry 4.0. International Journal of Education, Psychology and Counseling. (2019). 4(30): 283-298.
57. Zhang, M., Zhang, X., Chen, Z., Wang, Z., Liu, C., & Park, K. Charting the Path of Technology-Integrated Competence in Industrial Design during the Era of Industry 4.0. Sustainability. (2024). 16(2): 751.
58. Siegel, R., Antony, J., Govindan, K., Garza-Reyes, J. A., Lameijer, B., & Samadhiya, A. A framework for the systematic implementation of Green-Lean and sustainability in SMEs. Production Planning & Control. (2024). 35(1):71-89.
59. Shin, B., Rask, M., & Kahma, N. Measuring the Quadruple Helix in social media: a case study of university–industry collaboration. Technological Forecasting and Social Change. (2023). 194: 122711.
1. Schwab, K. The fourth industrial revolution. 2017. Currency
2. Chui, M., Manyika, J., & Miremadi, M. Where machines could replace humans-and where they can't (yet). The McKinsey Quarterly, 2016. 1-12.
3. Compagnucci, L., & Spigarelli, F. The Third Mission of the university: A systematic literature review on potentials and constraints. Technological Forecasting and Social Change. 2020. 161.120284.
4. Adelowo, C. M., & Surujlal, J. Academic entrepreneurship and traditional academic performance at universities: Evidence from a developing country. Polish Journal of Management Studies, 2020. 22(1): 9-25
5. Ogunlela, O., & Tengeh, R. The fourth industrial revolution and the future of entrepreneurial university in South Africa. International Journal of Research in Business and Social Science (2147-4478). 2021. 10(3): 91-100.
6. Limoges, C., Scott, P., Schwartzman, S., Nowotny, H., & Gibbons, M. The new production of knowledge: The dynamics of science and research in contemporary societies. The New Production of Knowledge, 1994. P.1-192.
7. Bibri, S. E., & Krogstie, J. Smart sustainable cities of the future: An extensive interdisciplinary literature review. Sustainable cities and society. 2017.183- 212, 31.
8. Clark, B. R. Creating entrepreneurial universities: organizational pathways of transformation. Issues in Higher Education. Elsevier Science Regional Sales, 665 Avenue of the Americas, New York, NY 10010.1998. (Paperback: ISBN-0-08-0433545; hardcover: ISBN-0-08-0433421, $27).
9. Shane, S., & Venkataraman, S. The promise of entrepreneurship as a field of research. Academy of management review. 2000. 25(1): p.217-226.
10. Fischer, B., Salles-Filho, S., Zeitoum, C., & Colugnati, F. Performance drivers in knowledge-intensive entrepreneurial firms: a multidimensional perspective. Journal of Knowledge Management, 26(5). 2022. 1342-1367.
11. Altbach, P. G., & Salmi, J. (Eds.). The road to academic excellence: The making of world- class research universities. World Bank Publications. 2011.
12. Hirsch, J. E. An index to quantify an individual's scientific research output. Proceedings of the National academy of Sciences. 2005. 102(46): p.16569-16572.
13. Bonte-Friedheim, C., & Sheridan, K. The Globalization of Science: The Place of Agricultural Research. New, expanded edition. The Hague: International Service for National Agricultural Research. 1997.
14. Moed, H. F. Citation analysis in research evaluation (Vol. 9). Springer Science & Business Media. 2006.
15. Pique, J. M., Berbegal-Mirabent, J., & Etzkowitz, H. Triple Helix and the evolution of ecosystems of innovation: the case of Silicon Valley. Triple Helix. 2018. 5(1): 1-21.
16. Kagermann, H., Wahlster, W. and Helbig, J. Securing the Future of German Manufacturing Industry: Recommendations for Implementi
ng the Strategic Initiative Industrie 4.0.Final Report of the Industrie 4.0 Working Group, Acatech— National Academy of Science and Engineering. 2013. 678 p. 17. I-scoop. Industry 4.0: the fourth industrial revolution–guide to Industrie 4.0. 2018.
18. Lanteri, A. Strategic drivers for the fourth industrial revolution. Thunderbird International Business Review. 2021. 63(3): p.273-283.
19. Xu, L. D., Xu, E. L., & Li, L. Industry 4.0: state of the art and future trends. International journal of production research. 2018. 56(8): p.2941-2962.
20. Tiwari, S. P. The Impact of New Technologies on Society: A Blueprint for the Future. Scholarly Publisher RS Global Sp. z OO. 2022.
21. Johnson, L., Adams Becker, S., Estrada, V., & Freeman, A. Smart Universities: Concepts, Systems, and Technologies. EDUCAUSE Review. 2019.
22. Carayannis, E. G., Grigoroudis, E., Campbell, D. F., Meissner, D., & Stamati, D. ' Mode 3' universities and academic firms: thinking beyond the box trans-disciplinarity and nonlinear innovation dynamics within coopetitive entrepreneurial ecosystems. International Journal of Technology Management. 2018. 77(1-3): p.145-185.
23. Wamba, S. F., Gunasekaran, A., Akter, S., Ren, S. J. F., Dubey, R., & Childe, S. J. Big data analytics and firm performance: Effects of dynamic capabilities. Journal of Business Research. 2017. 70: p.356-365.
24. Carayannis, E. G., Campbell, D. F., Carayannis, E. G., & Campbell, D. F. Mode 3 knowledge production in quadruple helix innovation systems: Twenty-first-century democracy, innovation, and entrepreneurship for development. 2012. p. 1-63. Springer New York.
25. Etzkowitz, H., & Zhou, C. The triple helix: University–industry–government innovation and entrepreneurship. Routledge.Lundvall, B. Å. National innovation systems and globalization. The learning economy and the economics of hope. 2017. P.351.
26. Lundvall, B. Å. National innovation systems and globalization. The learning economy and the economics of hope. 2016. P.351.
27. Teece, D. J., Pisano, G., & Shuen, A. Dynamic capabilities and strategic management. Strategic management journal. 1997. 18(7): p.509-533.
28. Adelowo, C. M., & Surujlal, J. Academic entrepreneurship and traditional academic performance at universities: Evidence from a developing country. Polish Journal of Management Studies. 2020. 22(1): p.9-25.
29. Nhleko, Y., & van der Westhuizen, T. The role of higher education institutions in introducing entrepreneurship education to meet the demands of Industry 4.0. Academy of Entrepreneurship Journal. 2022. 28(1): 1-23.
30. Attiany, M., Al-kharabsheh, S., Abed-Qader, M., Al-Hawary, S., Mohammad, A., & Rahamneh, A. Barriers to adopt industry 4.0 in supply chains using interpretive structural modeling. Uncertain Supply Chain Management. 2023.299- 306 (1)11.
31. Bettiol, M., Capestro, M., Di Maria, E., & Ganau, R. Is this time different? How Industry 4.0 affects firms’ labor productivity. Small Business Economics. 2023. 1-19.
32. Miranda, J., Navarrete, C., Noguez, J., Molina-Espinosa, J. M., Ramírez-Montoya, M. S., Navarro-Tuch, S. A., & Molina, A. The core components of education 4.0 in higher education: Three case studies in engineering education. Computers & Electrical Engineering. 2021. 93: 107278.
33. Carayannis, E. G., Grigoroudis, E., Campbell, D. F., Meissner, D., & Stamati, D. The ecosystem as helix: an exploratory theory‐building study of regional co‐opetitive entrepreneurial ecosystems as quadruple/quintuple helix innovation models. R&d Management. 2018. 48(1): 148-162.
34. Mkwanazi, S., & Mbohwa, C. implications of the 4th industrial revolution on entrepreneurship education. In Proceedings of the International Conference on Industrial Engineering and Operations Management Washington DC, USA. (2018, September). (pp. 318-328).
35. Park, S. C. The Fourth Industrial Revolution and implications for innovative cluster policies. Ai & Society. 2018. 33: p. 433-445.
36. Halili, S. H., Sulaiman, S., Sulaiman, H., & Razak, R. Embracing industrial revolution 4.0 in universities. In IOP Conference Series: Materials Science and Engineering. (2021, February). 1088(1): p. 012111. IOP Publishing.
37. Cai, Y., & Etzkowitz, H. Theorizing the Triple Helix model: Past, present, and future. Triple Helix. 2020. 7(2-3): 189-226.
38. Ghobakhloo, M. The future of manufacturing industry: a strategic roadmap toward Industry 4.0. Journal of manufacturing technology management. 2018. 29(6): p.910-936.
39. Vilalta-Perdomo, E., Michel-Villarreal, R., & Thierry-Aguilera, R. Integrating industry 4.0 in higher education using challenge-based learning: An intervention in operations management. Education Sciences. 2022. 12(10): p.663.
40. Hidayat, M., & Yunus, U. The entrepreneurship learning in industrial 4.0 era (case study in indonesian college). Journal of Entrepreneurship Education, 2019. 22(5): p.1-15.
41. Vilalta-Perdomo, E., Michel-Villarreal, R., & Thierry-Aguilera, R. Integrating industry 4.0 in higher education using challenge-based learning: An intervention in operations management. Education Sciences. 2022. 12(10): p.663.
42. Gupta, B. B., Gaurav, A., & Panigrahi, P. K. Analysis of the development of sustainable entrepreneurship practices through knowledge and smart innovative based education system. International Entrepreneurship and Management Journal. 2023. 19(2): p.923-940.
43. Alsobhi, H. A., Alakhtar, R. A., Ubaid, A., Hussain, O. K., & Hussain, F. K. Blockchain-based micro-credentialing system in higher education institutions: Systematic literature review. Knowledge-Based Systems. 2023. P.110238.
44. Kruger, S., & Steyn, A. A. A conceptual model of entrepreneurial competencies needed to utilise technologies of Industry 4.0. The International Journal of Entrepreneurship and Innovation. 2021. 22(1): p.56-67.
45. Serrano, D. R., Fraguas-Sánchez, A. I., González-Burgos, E., Martín, P., Llorente, C., & Lalatsa, A. Women as Industry 4.0. Entrepreneurs: unlocking the potential of entrepreneurship in Higher Education in STEM-related fields. Journal of Innovation and Entrepreneurship. 2023. 12(1): p.78.
46. Jan, Z., Ahamed, F., Mayer, W., Patel, N., Grossmann, G., Stumptner, M., & Kuusk, A. Artificial intelligence for industry 4.0: Systematic review of applications, challenges, and opportunities. Expert Systems with Applications, 2023. 216: p.119456.
47. Rao, T. V. N., Gaddam, A., Kurni, M., & Saritha, K. Reliance on artificial intelligence, machine learning and deep learning in the era of industry 4.0. Smart healthcare system design: security and privacy aspects. 2022. P.281-299.
48. Angelopoulos, A., Michailidis, E. T., Nomikos, N., Trakadas, P., Hatziefremidis, A., Voliotis, S., & Zahariadis, T. Tackling faults in the industry 4.0 era—a survey of machine-learning solutions and key aspects. Sensors. 209. 20(1): p.109.
49. Zahariadis, T. Tackling faults in the industry 4.0 era—a survey of machine-learning solutions and key aspects. Sensors. 2019. 20(1): p.109.
50. Schäfer, M. The fourth industrial revolution: How the EU can lead it. European View. 2018 17(1): 5-12.
51. Cavallo, A., Ghezzi, A., & Balocco, R. Entrepreneurial ecosystem research: Present debates and future directions. International entrepreneurship and management journal. 2019. 15: 1291-1321.
52. Almeshal, T. A., & Alhogail, A. A. Blockchain for businesses: a scoping review of suitability evaluations frameworks. IEEE Access, (2021). 9: 155425-155442.
53. Dalenogare, L. S., Benitez, G. B., Ayala, N. F., & Frank, A. G. (2018). The expected contribution of Industry 4.0 technologies for industrial performance. International Journal of production economics .383- 394, 204.
54. Damiani, L., Demartini, M., Guizzi, G., Revetria, R., & Tonelli, F. Augmented and virtual reality applications in industrial systems: A qualitative review towards the industry 4.0 era. IFAC-PapersOnLine. (2018). 51(11): 624-630.
55. Caldarola, E. G., Modoni, G. E., & Sacco, M. (2018). Enhancing the Workforce Skills and Competences by Leveraging a Human-Centered Knowledge-Based System in the Rise of Industry 4.0. International Journal on Advances in Intelligent Systems. (2018). 11(3&4): 309-324.
56. Foo, H. Y., & Turner, J. J. Entrepreneurial learning’-the role of university led business incubators and mentors in equipping graduates with the necessary skills set for Industry 4.0. International Journal of Education, Psychology and Counseling. (2019). 4(30): 283-298.
57. Zhang, M., Zhang, X., Chen, Z., Wang, Z., Liu, C., & Park, K. Charting the Path of Technology-Integrated Competence in Industrial Design during the Era of Industry 4.0. Sustainability. (2024). 16(2): 751.
58. Siegel, R., Antony, J., Govindan, K., Garza-Reyes, J. A., Lameijer, B., & Samadhiya, A. A framework for the systematic implementation of Green-Lean and sustainability in SMEs. Production Planning & Control. (2024). 35(1):71-89.
59. Shin, B., Rask, M., & Kahma, N. Measuring the Quadruple Helix in social media: a case study of university–industry collaboration. Technological Forecasting and Social Change. (2023). 194: 122711.