Innovation and Entrepreneurship: From Schumpeter to Industry 4.0

Vitor Ferreira, Ana Lisboa
2019 Applied Mechanics and Materials  
Innovation is key to firms' competitive advantage, performance, and growth. In this paper we try to briefly link the concepts of Innovation and Entrepreneurship with the emergence of a new industrial revolution that has been labeled as "Industry 4.0", showing that as in the past a set of innovation are the main drivers for the change of the technical and social paradigm. We summarize a number of concepts to show that the key drivers of competitiveness are Innovation and Entrepreneurship.
doi:10.4028/www.scientific.net/amm.890.174 fatcat:d3vaxwmsgvfgxgwehgsjzjzbry