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

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.

Evaluation of Total Quality Management Enablers Using the DEMATEL-ISM Integration Method in the Steel Industry

“…The DEMATEL technique is used to discover causal and logical correlations between factors in complex systems based on expert judgment. ISM is a similar method that expresses the structured model of agents in terms of visual multilevel structural relationships [51]. Both techniques are used for deep analysis of problems Evaluation of total quality management enablers using the dematel-ism integration method in … and have been used separately in past studies.…”

“…Since both have their focus when used independently, they may not provide a comprehensive and accurate answer to the mechanisms affecting system performance. Therefore, their combined method that provides more accurate results is used [10]- [13], [51], [52]. More developed models have also been introduced to combine them [53], [54].…”

“…Determining the reachability matrix K: This step requires the introduction of the threshold value λ, whose value is determined based on the opinion of experts. Its introduction aims to remove influence relations with a low degree of influence, simplify the system structure, and facilitate the division of the hierarchical structure [51].…”

Integrated Fuzzy DEMATEL-ISM-NK for Metro Operation Safety Risk Factor Analysis and Multi-Factor Risk Coupling Study

“…The two methods complement each other for analysis, and the combination of DEMATEL and ISM methods can grasp both the influence and causal relationships between system factors and obtain the logical relationships and hierarchy between subway operational safety risk factors [36]. The DEMATEL-ISM model is well-suited for analyzing complex problems in complex systems and has been used in past studies [37].…”

Analysing the Barriers of Strategic Entrepreneurship: A DEMATEL Approach

“…Recently, most firms have engaged in entrepreneurial activities and innovations that create value for society [12,13]. SE tends to integrate opportunity-seeking as well as advantage-seeking behaviours.…”