2018
DOI: 10.3390/joitmc4030021
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How to Respond to the Fourth Industrial Revolution, or the Second Information Technology Revolution? Dynamic New Combinations between Technology, Market, and Society through Open Innovation

Abstract: Since Klaus Schwab and the World Economic Forum declared the arrival of the Fourth Industrial Revolution, there has been much discussion about it. However, there is no commonly agreed-upon definition of the Fourth Industrial Revolution. Therefore, we attempted to answer the following four research questions. "What is the definition of the Fourth Industrial Revolution?", "How can we respond to the Fourth Industrial Revolution in terms of institutions?", "How can we respond to the Fourth Industrial Revolution in… Show more

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Cited by 431 publications
(343 citation statements)
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“…While mentioning the link between innovation and entrepreneurship we need to also describe the concept of open innovation that is currently getting more attention among stakeholders [14][15][16][17][18]. Open innovation may, according to scholars [19,20], substantially speed-up business growth and scaling-up.…”
Section: Introductionmentioning
confidence: 99%
“…While mentioning the link between innovation and entrepreneurship we need to also describe the concept of open innovation that is currently getting more attention among stakeholders [14][15][16][17][18]. Open innovation may, according to scholars [19,20], substantially speed-up business growth and scaling-up.…”
Section: Introductionmentioning
confidence: 99%
“…With the deepening of the fourth industrial revolution, operations/production, supply-chain, management, and governance, as well as products and services, will be increasingly transformed and reshaped [47][48][49]. In this process, outsourcing public services has become an effective means for the government to improve service quality and reduce operating costs.…”
Section: Discussionmentioning
confidence: 99%
“…The term of industry 4.0 is a term that was introduced by Prof. Klaus Schwab [4] in his writing "the Fouth Industrial Revolution", and was officially introduced by the German government at the 2011 modern industry exhibition at the Hannover Fair, in order to launch the High Tech Strategy 2020 program [5]. Industrial Revolution 4.0 emphasizes the integration of cyber and industrial tools in an automated production process, connected to the internet, can read each other, so that the production process all runs mechanically and does not use much energy [6].…”
Section: Industrial Revolution 40mentioning
confidence: 99%