Vulnerability and the Future of Small Business in Industry 5.0

Industry 5.0 is the next phase of the industrial revolution, focusing on the harmonious coexistence of humans and high-tech systems based on the principles of artificial intelligence. However, small businesses are still in the early stages of adopting Industry 5.0 technologies, and small businesses in developing countries still see it as a mystery because of their vulnerabilities. This book explores the vulnerabilities that exist within the SME ecosystem and the significance of small businesses in our daily lives. With a balance of theoretical and empirical chapters, this book will lead the way in exploring small businesses and their future in Industry 5.0, with particular relevance to emerging markets.

With well-researched academic findings and forward-thinking insights from diverse authors, it will push forward research in the growing area of Industry 5.0 and artificial intelligence and will be vital reading for academics and practitioners interested in this field.

Presents original research that contributes to the field of small business development Offers an interdisciplinary approach giving an understanding of the vulnerability of small businesses industry 5.0 Provides an international perspective to the under-studied area of the future of small businesses in industry 5.0

Autorentext

Timilehin Olasoji Olubiyi is a seasoned Nigerian professional, scholar, senior government adviser, and columnist with many years of hands-on experience and backgrounds in investment banking, fund management, stockbroking, consulting, academia, training, business administration, research, and entrepreneurial development. Dr Olubiyi is a senior lecturer and Dean of the Faculty of Management and Social Sciences at West Midlands Open University, Nigeria. He is also an adjunct lecturer at the Department of Business Administration and Marketing at Babcock University, Nigeria, and a facilitator and project supervisor at the Department of Business Administration, at the National Open University of Nigeria. Through his research, collaborations, and advocacy, he continues to influence the landscape of sustainable business practices, particularly within the context of SMEs.

Klappentext

"This book is an impressive exploration of how small businesses must adapt to the changing paradigms of technology, risk, and resilience in Industry 5.0. With his vast experience and unique perspective, Dr. Olubiyi brings together diverse academic voices and perspectives, offering new insights into the vulnerabilities that small businesses face in the 21st century."

Professor Johnson Egwakhe , Business Administration and Marketing Department, Babcock University, Nigeria

Industry 5.0 is the next phase of the industrial revolution, focusing on the harmonious coexistence of humans and high-tech systems based on the principles of artificial intelligence. However, small businesses are still in the early stages of adopting Industry 5.0 technologies, and small businesses in developing countries still see it as a mystery because of their vulnerabilities. This book explores the vulnerabilities that exist within the SME ecosystem and the significance of small businesses in our daily lives. With a balance of theoretical and empirical chapters, this book will lead the way in exploring small businesses and their future in Industry 5.0, with particular relevance to emerging markets.

With well-researched academic findings and forward-thinking insights from diverse authors, it will push forward research in the growing area of Industry 5.0 and artificial intelligence and will be vital reading for academics and practitioners interested in this field.

Timilehin Olasoji Olubiyi is a seasoned Nigerian professional, scholar, senior government adviser, and columnist with many years of hands-on experience and backgrounds in investment banking, fund management, stockbroking, consulting, academia, training, business administration, research, and entrepreneurial development. Dr Olubiyi is a senior lecturer and Dean of the Faculty of Management and Social Sciences at West Midlands Open University, Nigeria. He is also an adjunct lecturer at the Department of Business Administration and Marketing at Babcock University, Nigeria, and a facilitator and project supervisor at the Department of Business Administration, at the National Open University of Nigeria. Through his research, collaborations, and advocacy, he continues to influence the landscape of sustainable business practices, particularly within the context of SMEs.

Inhalt

Chapter 1: Strengthening Disruptive Innovation and Business Performance in Africa: Insights from Pro-Growth Small Businesses .- Chapter 2: The Role of Small and Medium Enterprises (SMEs) in Achieving Sustainable Development Goals (SDGs) in Bangladesh .- Chapter 3: Vulnerability and Resilience Strategies in Small Businesses in Lagos Megacity Periphery.- Chapter 4: Integrating SWOT and SOAR as Strategic Tools for Small Businesses in the Age of Industry 5.0: An Analysis Framework .- Chapter 5: Innovative Technology and Performance of Family-Owned Small Businesses in Africa .- Chapter 6: Managing Communication Conflict in Family Businesses from Zero to Hero in Indonesia.- Chapter 7: Data Analytics and Vulnerability Curbing of Small and Medium Size Businesses in Nigeria: Challenges, Opportunities, and Prospects.- Chapter 8: Exploring Generative AI Application in Small Business Scenario Planning: Going Beyond Industry 5.0 - Chapter 9: Vulnerability and resilience strategies in small businesses: Perspective from Nigeria.- Chapter 10: Leveraging Sustainable Innovation to Achieve Carbon Emission Monitoring and Energy Management among SMEs in Africa: A Probit Regression Evidence.- Chapter 11: Assessing Vulnerabilities in Small Businesses in Nigeria: Lessons from the COVID-19 Pandemic.- Chapter 12: SMEs and Sustainability via Green Orientation: Fostering Resilience in Industry 5.0.- Chapter 13: Role of Value Creation in Customer Retention of Small and Medium-Sized Enterprises in South-West Nigeria .- Chapter 14: Problems of Establishing Small-Scale Businesses among University Undergraduates: The Place of Psychological and Cultural Mindset .- Chapter 15: Role of Value Creation in Customer Retention of Small and Medium-Sized Enterprises in South-West Nigeria .