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Entrepreneurship and Innovation for Sustainability and Diversity in Business Cycle: Digital and Automation Technologies
Abstract
The business cycle theme reflects the complex interplay of supply chains and financial networks required to mitigate corporate distress, maintain economic activities during expansion and recession, or sustain business operations during routine or crisis-induced situations. In the digital era, technology may be leveraged to be customer focused to understand customer needs better. These chapter deals with new, emerging and frontier technologies of the Fourth Industrial Revolution. These technologies have potential to improve human welfare but can also pose risks and introduce new threats; this is true for countries at all levels of development. The more widespread adoption of digital technology and expansion of digital literacy will contribute to increased youth mobilization and youth agency across world. The answer to question of how to support young social entrepreneurs in identifying, adopting, adapting and commercializing appropriate new technologies for local community development without further widening digital divide lies in entrepreneurship ecosystem design.
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