How the current fourth industrial revolution effecting the leadership?


  • Ronnen Avny Corvinus University of Budapest, Business and Management Doctoral School



Entrepreneurial leadership, Innovation, Digital leadership, Fourth Industrial Revolution


Innovation leadership is critical in enhancing a firm’s success in today’s changing markets. This research investigates the changes in entrepreneurial leadership attributes amid the fourth industrial revolution and the fast pace of technological advancement. This study helps to understand how leadership traits may help entrepreneurs fully exploit the advantages of this revolution and gain a competitive advantage. The content analysis method used for this research utilized written data regarding 23 leaders from 20 companies from the latest 19th century during the first industrial revolution until the current fourth industrial revolution. Results reveal noticeable leadership attributes emphasized in the fourth industrial revolution, such as communication, coaching, innovation, forecasting future, team-builder, and more. Those attributes are in tight correlation with the current novel digital leadership paradigm and the known effects of the fourth industrial revolution on the firms and leaders. Results reveal that current entrepreneurs tend to be open-minded while avoiding rejecting innovation from other firms and are willing to share the experience with the adjacent technology ecosystem.

Információk a szerzőről

  • Ronnen Avny, Corvinus University of Budapest, Business and Management Doctoral School



Amin, A., & Cohendet, P. (2012). The Firm as a “Platform of Communities”: A Contribution to the Knowledge-based Approach of the Firm. In Handbook of Knowledge and Economics. Edward Elgar Publishing.

Antonakis, J., Avolio, B. J., & Sivasubramaniam, N. (2003). Context and leadership: An examination of the nine-factor full-range leadership theory using the Multifactor Leadership Questionnaire. Leadership Quarterly, 14.

Ballot, G., Fakhfakh, F., Galia, F., & Salter, A. (2015). The fateful triangle: Complementarities in performance between product, process and organizational innovation in France and the UK. Research Policy, 44(1), 217-232.

Berman, S.J. (2012), “Digital transformation: opportunities to create new business models”, Strategy & Leadership, 40(2), 16-24.

Bindlish, P. K., Gupta, R. K., & Nandram, S. S. (2019). Definition schema for redefining leadership: an integrative approach. International Journal of Indian Culture and Business Management, 18(1), 34.

Byun, S. K., Oh, J. M., & Xia, H. (2021). Incremental vs. breakthrough innovation: The role of technology spillovers. Management Science, 67(3), 1779-1802.

Cavanagh, S. (1997). Content analysis: concepts, methods and applications. Nurse Researcher, 4(3), 5-16

Chesbrough, H. W. (2003). Open innovation: The New Imperative for Creating and Profiting from Technology. Harvard Business Press

Christensen, C. (1997). Patterns in the evolution of product competition. European Management Journal, 15(2), 117-127.

Churchill, N. C. (1992). Research issues in entrepreneurship. The State of the Art of Entrepreneurship, 579-596.

Cogliser, C. C., & Brigham, K. H. (2004). The intersection of leadership and entrepreneurship: Mutual lessons to be learned. The Leadership Quarterly, 15(6), 771-799.

Cohendet, P., Parmentier, G., & Simon, L. (2017). Managing knowledge, creativity and innovation. In The Elgar Companion to Innovation and Knowledge Creation, pp. 197–214, Edward Elgar Publishing Ltd.

Daemmrich, A. (2017). Invention, innovation systems, and the Fourth Industrial Revolution. Technology & Innovation, 18(4), 257-265.

Danoesastro, M., Freeland, G., & Reichert, R. (2018). A CEO’s guide to leading digital transformation. The Boston Consulting Group Perspectives. http://image Transformation-May 2017_tcm87-159211.pdf

Dosi, G. (2012). Economic coordination and dynamics: Some elements of an alternative “evolutionary” paradigm (No. 2012/08). LEM Working Paper Series.

Elo, S., & Kyngäs, H. (2008). The qualitative content analysis process. Journal of Advanced Nursing, 62(1), 107-115

Fagerberg, J., Martin, B., & Andersen, E. (2013-10-31). Innovation Studies: Towards a New Agenda. In Innovation Studies: Evolution and Future Challenges. Oxford University Press.

Fendt, J., & Sachs, W. (2008). Grounded theory method in management research: Users’ perspectives. Organizational Research Methods, 11(3), 430-455.

Fernald, L. W., Solomon, G. T., & Tarabishy, A. (2005). A new paradigm: Entrepreneurial leadership. Southern Business Review, 30(2), 1-10.

Fiedler, F. E. (1996). Research on leadership selection and training: One view of the future. Administrative Science Quarterly, 241-250.

Gartner Inc. (2018). Leadership in the Digital Age. Gartner Inc

Greenacre, P., Gross, R., & Speirs, J. (2012). Innovation Theory: A review of the literature. Imperial College Centre for Energy Policy and Technology, London.

Greenberg, D., McKone‐Sweet, K., & Wilson, H. J. (2013). Entrepreneurial leaders: Creating opportunity in an unknowable world. Leader to Leader, (67), 56-62.

Gupta, V., MacMillan, I. C., & Surie, G. (2004). Entrepreneurial leadership: developing and measuring a cross-cultural construct. Journal of Business Venturing, 19(2), 241-260.

Harrison, C., Paul, S., & Burnard, K. (2016). Entrepreneurial Leadership: A Systematic Literature Review. International Review of Entrepreneurship, 14(2).

Héraud, J. A. (2017). Science and innovation. In The Elgar Companion to Innovation and Knowledge Creation. Edward Elgar Publishing.

Johannessen, J. A. (2018). The Workplace of the Future: The Fourth Industrial Revolution, the Precariat and the Death of Hierarchies. CRC Press.

Jovane, F., Yoshikawa, H., Alting, L., Boer, C. R., Westkamper, E., Williams, D., ... & Paci, A. M. (2008). The incoming global technological and industrial revolution towards competitive sustainable manufacturing. CIRP Annals, 57(2), 641-659.

Khayyat, N. T., & Lee, J. D. (2015). A measure of technological capabilities for developing countries. Technological Forecasting and Social Change, 92, 210-223.

Krippendorff, K. (2019). The changing landscape of content analysis: Reflections on social construction of reality and beyond. Communication & Society, 47, 1.

Kurzweil, R. (2004). The law of accelerating returns. In Alan Turing: Life and Legacy of a Great Thinker (pp. 381-416). Springer, Berlin, Heidelberg.

MacVaugh, J., & Schiavone, F. (2010). Limits to the diffusion of innovation: A literature review and integrative model. European Journal of Innovation Management, 13(2):197-221.

Mantoux, P. (1947). The Industrial Revolution in the Eighteenth Century. J. Cape.

Manyika, J., & Chui, M. (2014). Digital era brings hyperscale challenges. Financial Times, 13.

Maynard, A. D. (2015). Navigating the fourth industrial revolution. Nature Nanotechnology, 10(12), 1005-1006.

Merriam-Webster & Merriam-Webster. (2016). The Merriam-Webster Dictionary. Merriam-Webster, Incorporated.

Mihardjo, L., Sasmoko, S., Alamsjah, F & Elidjen, E. (2019). Digital leadership role in developing business model innovation and customer experience orientation in industry 4.0. Management Science Letters, 9(11), 1749-1762.

Nye, D. E. (1990). Electrifying America: Social Meaning of a New Technology. Cambridge: The MIT press.

OECD/Eurostat. (2018). Oslo Manual 2018: Guidelines for Collecting, Reporting and Using Data on Innovation, 4th Edition. The Measurement of Scientific, Technological and Innovation Activities.

Rajapathirana, R. J., & Hui, Y. (2018). Relationship between innovation capability, innovation type, and firm performance. Journal of Innovation & Knowledge, 3(1), 44-55.

Renko, M., El Tarabishy, A., Carsrud, A. L., & Brännback, M. (2015). Understanding and measuring entrepreneurial leadership style. Journal of small business Management, 53(1), 54-74.

Ritchie, H., & Roser, M. (2017, October 2). Technology Adoption.

Rostow, W. W. (1985). The world economy since 1945: a stylized historical analysis. Economic History Review, 252-275.

Sandel, M. J. (2013). What Money Can’t Buy: The Moral Limits of Markets. New York: Farrar, Straus & Giroux.

Schwab, K (2016) The Fourth Industrial Revolution: what it means, how to respond. World Economic Forum.

Schwab, K. (2017). The fourth industrial revolution. Portfolio.

Stephan, P. E. (1996). The economics of science. Journal of Economic Literature, 34(3), 1199-1235.

Syam, N., & Sharma, A. (2018). Waiting for a sales renaissance in the fourth industrial revolution: Machine learning and artificial intelligence in sales research and practice. Industrial Marketing Management, 69, 135-146.

Utomo, I. G. W., & Darma, G. S. (2020). Measuring optimization of digital military programs: an innovation of information and communication systems in industrial digitalization 4.0. International Research Journal of Engineering, IT & Scientific Research, 6(2), 39-46.

Van der Kooij, B. J. G. (2013). Innovation Defined: A Survey. SSRN Electronic Journal, 1–48.

Van der Kooij, B. J. G. (2018). Search for a Common Ground in the Fogs of Innovation Definitions. SSRN Electronic Journal, 1–33.

Van Zyl, H. J., & Mathur-Helm, B. (2007). Exploring a conceptual model, based on the combined effects of entrepreneurial leadership, market orientation and relationship marketing orientation on South Africa’s small tourism business performance. South African Journal of Business Management, 38(2), 17-24.

Yücebalkan, B. (2018). Digital leadership in the context of digitalization and digital transformations. Current Academic Studies in Social Science, 1, 489-505.

Zuraik, A., & Kelly, L. (2019). The role of CEO transformational leadership and innovation climate in exploration and exploitation. European Journal of Innovation Management, 22(1), 84




Hasonló cikkek

1-10 a 54-ból/ből

You may also Haladó hasonlósági keresés indítása for this article.