Factors Affecting Potential of Industrial Business Entrepreneur 4.0

Abstract

This research aimed to study: 1) the potential of industrial business entrepreneur 4.0, the situation of industrial 4.0, government support, organization management, innovation, and competitiveness; 2) the factors, which are the situation of industrial 4.0, government support, organization management, innovation, and competitiveness, affecting the potential of industrial business entrepreneur 4.0; and 3) the potential development guidelines of industrial business entrepreneur 4.0. The study found that: 1) the potential of entrepreneur 4.0, the situation of industrial 4.0, government support, organization management, innovation, and competitiveness were all rated at a high level; 2) the factor of government support had a direct effect on the potential of entrepreneurs and had the overall influence on the potential of entrepreneurs as the highest, whereas the situation of industrial 4.0 had an indirect effect on the potential of entrepreneurs; and 3) the potential development guidelines of industrial business entrepreneur 4.0 involved with the government sector and the industrial business entrepreneurs. To move towards Industry 4.0, the government sector should provide support to entrepreneurs, act to formulate the policies of financial support and investment promotion and play a key role in supporting establishments to implement the Internet of Things (IoT), which provides effectiveness, efficiency, and accuracy. Furthermore, the government sector should create an environment conducive to the investment, support innovations as a key business strategy of the new industrial revolution, enhance competitiveness, and provide a knowledge base for industrial business entrepreneur 4.0.At the same time, the entrepreneurs shouldadapt their business operations to keep abreast in the situation of industrial 4.0 and increasingly apply new technologies and innovations into the organization to be in line with the digital world and be able to compete in the global market.