Impact of Resources on the Development of Local Entrepreneurship in Industry 4.0

Paweł Kłobukowski and Jacek Pasieczny
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Paweł Kłobukowski: Academic Unit for Entrepreneurship and Management Systems, Academic Subunit for Organizational Innovation and Entrepreneurship, Faculty of Management, University of Warsaw, 02-678 Warszawa, Poland
Jacek Pasieczny: Academic Unit for Entrepreneurship and Management Systems, Academic Subunit for Organizational Innovation and Entrepreneurship, Faculty of Management, University of Warsaw, 02-678 Warszawa, Poland

Sustainability, 2020, vol. 12, issue 24, 1-25

Abstract: The development of Industry 4.0 has a significant impact not only on production processes but also on the functioning and future of regions. It is crucial to understand the phenomena taking place in the social and economic space both from the cognitive and practical point of view. The article is based on research which investigates the prospect of communes in the context of Industry 4.0 development. The aim of the article is to show possible consequences of the development of Industry 4.0 from the local perspective. The basic assumption is a positive impact of entrepreneurship on ensuring sustainable regional development. The model adopted is built on a resource-based view and includes both invariable, external and independent resources such as location, as well as those which are variable in the longer term, such as human and social capital. To verify most of the hypotheses, a linear regression model has been created. The results of the research show that there is a strong correlation between human capital, social capital, proximity of an agglomeration and tourist attractiveness of a region, and regional development operationalised by the number of enterprises. The article presents possible directions of changes in the profiles of local units, as well as the conditions which have to be met in order to enable such a transformation.

Keywords: industry 4.0; entrepreneurship; development (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2020
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4)

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