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African entrepreneurs and preparation for the Fourth Industrial Revolution

In: Universities, Entrepreneurship and Enterprise Development in Africa - Conference Proceedings 2018

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  • Heindri A. Bailey

Abstract

For years, the common logic that underpinned entrepreneurship was to find a niche within in a market/sector and then solidify business practice to achieve success in the market segment. The dawn of technologically-based disruptive enterprises, such as Uber and Air B&B, coupled with the nearing Fourth Industrial revolution seriously call into question the conventional business logic. In this article, the projected impact of these forces on African entrepreneurs is explored. We look at the role of government, business and education systems to prepare for the impact of the Fourth Industrial revolution. Specific focus is placed on the need for entrepreneurial skills and training to prepare for the impact of the Fourth Industrial revolution. We also explore the importance of innovation, both in terms of products and processes to mitigate against the impact of these forces. Published In: Bode, Freitag (Eds.): Universities, Entrepreneurship and Enterprise Development in Africa - Conference Proceedings 2018. Sankt Augustin, Germany, 13-14 September 2018

Suggested Citation

  • Heindri A. Bailey, 2019. "African entrepreneurs and preparation for the Fourth Industrial Revolution," Proceedings Paper, in: Bode, Jürgen & Freitag, Christine (ed.), Universities, Entrepreneurship and Enterprise Development in Africa - Conference Proceedings 2018, volume 7, pages 6-18, Universities Entrepreneurship and Enterprise Development in Africa International Conference.
    • Handle: RePEc:sau:ueedcc:07:006-018
    DOI: 10.18418/978-3-96043-071-1_6
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    JEL classification:

    • M21 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics - - - Business Economics

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