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The Fourth Industrial Revolution - Challenges to Entrepreneurship and Business Management


  • Kiril Radev

    () (New Bulgarian University, Sofia, Bulgaria)


The report presents a part of the results of a complex author's research study with the main purpose of defining the main aspects of future changes in socio-economic relations as a result of the ubiquitous introduction of smart technologies in context with the goals of Industry 4.0. The survey is intended for academics, executives and experts from the public sector and business. It is accomplished with the help of a specially developed author's methodology, including a large number of analytical and prognostic scientific methods. Used are process approach and systematic approach. The results of the study outline the directions and areas for adaptation of modern paradigms and models for public sector management, entrepreneurship and business, within the framework of the fourth Industrial Revolution - Industry 4.0.

Suggested Citation

  • Kiril Radev, 2018. "The Fourth Industrial Revolution - Challenges to Entrepreneurship and Business Management," Nauchni trudove, University of National and World Economy, Sofia, Bulgaria, issue 4, pages 47-59, November.
  • Handle: RePEc:nwe:natrud:y:2018:i:4:p:47-59

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    industry 4.0; entrepreneurship; leadership 4.0; change management; globalization;

    JEL classification:

    • M1 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration
    • M2 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics
    • Q55 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environmental Economics: Technological Innovation
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes


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