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

Min Hwa Lee, Jin Hyo Joseph Yun, Andreas Pyka, Dong Kyu Won, Fumio Kodama, Giovanni Schiuma, Hang Sik Park, Jeonghwan Jeon, Kyung Bae Park, Kwang Ho Jung, Min Ren Yan, Sam Youl Lee, Xiaofei Zhao

Research output: Contribution to journalArticle

54 Citations (Scopus)

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 terms of technology?", "How can we respond to the Fourth Industrial Revolution in terms of firm innovation and start-up strategy?" Brainstorming was conducted by 11 scholars from several countries to answer these four research questions. Therefore, this research is not the end product of four research questions, but a kind of advanced template to answer the four research questions for continuing research.

Original languageEnglish
Article number21
JournalJournal of Open Innovation: Technology, Market, and Complexity
Volume4
Issue number3
DOIs
Publication statusPublished - 2018 Jun 21

All Science Journal Classification (ASJC) codes

  • Development
  • Sociology and Political Science
  • Economics, Econometrics and Finance(all)

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