Entrepreneurial Opportunities and Challenges in The Era of Society 5.0 to Achieve Sustainable Performance
Abstract
The Covid-19 pandemic has made many changes to Society where everything is required to be non-physical and utilize all networks or internet connections. Society 5.0 offers a human-centered society that strikes a balance between economic progress and solving social problems through a highly connected system through cyberspace and the real world. If society 4.0 allows anyone to access and share information on the internet. Society 5.0 is an era where all technology is part of man himself. This study aims to see the picture of the Society 5.0 revolution from an entrepreneurial perspective. The research method used is systematic review. The results of this study show that the Era of Society 5.0 is the era of humans and technology. Technology has become a need that must be met by everyone. Interconnected and seamlessly accessed technologies present complex situations. technological developments and based on the opportunities inherent in entrepreneurial innovation. To take advantage of opportunities and answer the challenges of Society 5.0, entrepreneurs must have data, technology and human literacy skills. Data literacy is needed by HR to improve skills in processing and analyzing big data to improve performance sustainably.
Keywords
Full Text:
PDFReferences
Achmad, W. (2021). Citizen and Netizen Society: The Meaning of Social Change From a Technology Point of View. Journal of Logic, 5(3), 1564–1570.
Akkaya, B., & Ahmed, J. (2022). VUCA-RR Toward Industry 5.0. 1–11. https://doi.org/10.1108/978-1- 80262-325-320220001
Bogoviz, A. V, Alekseev, A. N., Titova, O. V, Latysheva, V. V, &; Ragulin, A. D. (2019). Conceptual Model of Con fl ict of Socio-economic System as an Analogue of the Model of Economic Cycle 155–161. https://doi.org/10.1108/978-1-78769-993-920191018
Bizhanova, K., Mamyrbekov, A., Umarov, I., Orazymbetova, A., &; Khairullaeva, A. (2019). Impact of digital marketing development on entrepreneurship. E3S Web of Conferences, 135, 4023.
Carrigan, M., Magrizos, S., Lazell, J., &; Kostopoulos, I. (2020). Fostering sustainability through technology-mediated interactions: Conviviality and reciprocity in the sharing economy. Information Technology & People.
Csiszer, A. (2022). Towards Society 5. 0 in Perspective of Agile Society. 169–190. https://doi.org/10.1108/978-1-80262-325-320220012
Goddess, H. P. (2021). Determination of Green Marketing Strategies Through Marketing Communication in the Business World in the Society 5.0 Era. 18th International Symposium on Management (INSYMA 2021), 181–187.
Edvinsson, L. and Malone, M. (1997). Intellectual Capital: Realizing Your Company's True Value by Finding Its Hidden Brainpower. Harper Collins, New York, NY
Ellitan, L., &; Anatan, L. (2020). Achieving business continuity in Industrial 4.0 and Society 5.0. International Journal of Trend in Scientific Research and Development (IJTSRD), 4(2), 235–239
Fukuda, K. (2020). Science, technology, and innovation ecosystem transformation toward society 5.0. International Journal of Production Economics, 220, 107460
Gladden, M. E. (2019). Who will be the members of Society 5.0? Towards an anthropology of technologically posthumanized future societies. Social Sciences, 8(5), 148
Hariyati, R. T. S. (2010). Get to know Systematic Review Theory and Case Studies. Indonesian Journal of Nursing, 13(2), 124–132. https://doi.org/10.7454/jki.v13i2.242
Hatthakijphong, P., & Ting, H.-I. (2019). Prioritizing successful entrepreneurial skills: An emphasis on the perspectives of entrepreneurs versus aspiring entrepreneurs. Thinking Skills and Creativity, 34, 100603
Hayton, J. C. (2005). Promoting corporate entrepreneurship through human resource management practices: A review of empirical research. 15, 21–41 https://doi.org/10.1016/j.hrmr.2005.01.003
Holroyd, C. (2022). Technological innovation and building a 'super smart' society: Japan's vision of society 5.0. Journal of Asian Public Policy, 15(1), 18–31
Houghton, J. M., &; Houghton, R. S. (1999). Decision Points: Boolean Logic for Computer Users and Beginning Online Searchers. Libraries Unlimited, Inc.
Hysa, B., Karasek, A., &; Zdonek, I. (2021). Social media usage by different generations as a tool for sustainable tourism marketing in society 5.0 idea. Sustainability, 13(3), 1018
Kadarisman, M., Wijayanto, A. W., &; Sakti, A. D. (2022). Government Agencies' Readiness Evaluation towards Industry 4.0 and Society 5.0 in Indonesia. Social Sciences, 11(8), 331.
Kolade, O., &; Owoseni, A. (2022). Employment 5.0: The work of the future and the future of work. Technology in Society, 102086
Konno, N., &; Schillaci, C. E. (2021). Intellectual capital in Society 5.0 by the lens of the knowledge creation theory. Journal of Intellectual Capital
Lee, D., &; Kim, Y. (2022). First-mover advantages and intentional knowledge spillover effects on cybersecurity start-ups' financial and innovation performance: incentive for revealing innovations in high-tech emerging industry. Asian Journal of Technology Innovation, 1–19.
Mekonnen et al., 2019 Mekonnen, Y., Namuduri, S., Burton, L., Sarwat, A., &; Bhansali, S. (2019). Machine learning techniques in wireless sensor network-based precision agriculture. Journal of the Electrochemical Society, 167(3), 37522.
Mohammadian, H. D. (2022). Mapping the future global smes growth via hybrid SMES / SME 5.0 / tomorrow's SMES concept through the 5th wave, i-sustainability plus and dct theories. 29, 173–206. https://doi.org/10.1108/S1877- 636120220000029011
Mourtzis, D., Angelopoulos, J., &; Panopoulos, N. (2022). A Literature Review of the Challenges and Opportunities of the Transition from Industry 4.0 to Society 5.0. Energies, 15(17), 6276
Nagy, K., Hajrizi, E., &; Palkovics, L. (2020). Responsible Innovation in Support of Society 5.0 - Aspects of Audit and Control. IFAC PapersOnLine, 53(2), 17469–17474. https://doi.org/10.1016/j.ifacol.2020.12.2123
Nohong, M. (2018). The moderating effect of efficiency and non-market capability in relationship between government involvement and resources to performance of water supply companies (PDAM) in Sulawesi, Indonesia. International Journal of Law and Management, 60(2), 402–412. https://doi.org/10.1108/IJLMA-11-2016-0117
Poto, V. (2021). Society 5.0: balancing of Industry. 50(3), 794–811. https://doi.org/10.1108/K-12-2019- 0858
Potočan, V., Mulej, M., &; Nedelko, Z. (2020). Society 5.0: Balancing of Industry 4.0, economic advancement, and social problems. Kybernetes.
Purbasari, R., Muttaqin, Z., &; Sari, D. S. (2021). Digital entrepreneurship in pandemic Covid 19 Era: The digital entrepreneurial ecosystem framework. Review of Integrative Business and Economics Research, 10, 114–135.
Rahmawati, M., Ruslan, A., &; Bandarsyah, D. (2021). The Era of Society 5.0 as the unification of humans and technology: A literature review on materialism and existentialism. 151–162
Razak, M., Gunawan, B. I., Fitriany, F., Ashoer, M., Hidayat, M., & Halim, P. K. P. A. (2019). Moving From Traditional to Society 5.0 Case study by Online Transportation Business. Journal of Distribution Science, 17(9), 93–102
Salamzadeh, A., Hadizadeh, M., Rastgoo, N., Rahman, M. M., &; Radfard, S. (2022). Sustainability-Oriented Innovation Foresight in International New Technology Based Firms. Sustainability, 14(20), 13501.
Siddaway, A. P., Wood, A. M., &; Hedges, L. V. (2019). How to Do a Systematic Review: A Best Practice Guide for Conducting and Reporting Narrative Reviews, Meta-Analyses, and Meta-Syntheses. In Annual Review of Psychology (Vol. 70, Issue January). https://doi.org/10.1146/annurev-psych-010418-102803
Tagarev, T., &; Yanakiev, Y. (2020). Business models of collaborative networked organisations: implications for cybersecurity collaboration. 2020 IEEE 11th International Conference on Dependable Systems, Services and Technologies (DESSERT), 431–438.
Waidelich, L., Kölmel, B., Bulander, R., Brugger, T., Waidelich, L., Kölmel, B., Bulander, R., &; Brugger, T. (2022). Approaching a regional innovation ecosystem in the Northern Black Approaching a regional innovation ecosystem in the Northern Black Forest for a future orientated economy and society. Procedia Computer Science, 204(2021), 253–260. https://doi.org/10.1016/j.procs.2022.08.030
Yunda, NR. 2019. Impact of Industrial Revolution 4.0 and Society 5.0 Creating New Opportunities for Indonesia, https://www.kompasiana.com/nadyarahma/ 26
DOI: http://dx.doi.org/10.18415/ijmmu.v10i9.5062
Refbacks
- There are currently no refbacks.
Copyright (c) 2023 International Journal of Multicultural and Multireligious Understanding
This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.
https://ijmmu.com
editor@ijmmu.com
facebook.com/ijmmu
Copyright © 2014-2018 IJMMU. All rights reserved.