Contextual Insights

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Digital Divide: A Pressing Concern in the Digital Age

Access to the internet has transitioned from being a mere luxury to an undeniable necessity. The ramifications of this shift are extensive, wielding influence not only on a global scale in the pursuit of sustainable development goals but also on a deeply personal level, with repercussions for individual health and well-being. One particularly disconcerting trend […]

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AI-Enabled Circular Business Models for Industrial Sustainability

In the ever-evolving landscape of industry, a novel breed of business models is taking shape, propelled by the intersecting influences of digitalisation, artificial intelligence (AI), and circularity. This transformation represents not only an avenue for forging more sustainable customer relationships but also a compelling response to the pressing climate change crisis. Industrial manufacturers are increasingly

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Patient Resistance to AI in Healthcare: Causes, Solutions, and Cultural Considerations

The rapid integration of artificial intelligence (AI) within the healthcare sector has introduced many challenges and considerations that are paramount to comprehend. Foremost among these challenges is the discernible resistance exhibited by patients towards the adoption of AI in the medical realm. This resistance is a multi-faceted issue, shaped by various factors, each playing a

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Is Starting a Business as Risky as You Think?

When I ask about why individuals often favour seeking traditional employment over embarking on entrepreneurial ventures, the prevailing response tends to revolve around the perception that starting a business carries inherent risks, while a stable job offers a secure income. This perspective is entirely understandable, particularly in light of entrepreneurship’s historical association with risk-taking. However,

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Entrepreneurial Learning: The New Frontier of Entrepreneurial Education

Entrepreneurial education is experiencing a global surge in popularity, yet concerns persist regarding its quality and efficacy. In the past, the emphasis often revolved around the creation of business plans rather than the cultivation of entrepreneurial skills and mindsets. It’s worth noting that the utilization of business plans as a primary vehicle for teaching entrepreneurship

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Succession in Family Businesses: How to Transfer Knowledge Across Generations and Cultures

Growing up in a family business, I’ve always been intrigued by the unique dynamics of family enterprises. What makes family businesses particularly fascinating is the intricate interweaving of family and business, making it challenging to disentangle them. As the adage goes, the first generation establishes the business, the second generation nurtures it, and the third

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What is Entrepreneurship? A Historical Perspective

The concept of entrepreneurship is a dynamic and ever-evolving force with a rich history that spans centuries. Numerous scholars have acknowledged its pivotal role in propelling economic growth. Initially, entrepreneurship was regarded as a component of the broader economic landscape, but it has since matured into a distinct and independent field of study and research.

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How Entrepreneurs Learn from Failure: A Cognitive Perspective

Entrepreneurship, a voyage into the realms of innovation and opportunity, is a terrain fraught with uncertainties. A perennial question that looms in the minds of all entrepreneurs is the spectre of business failure. When entrepreneurs encounter this formidable setback, they shoulder a multifaceted burden that encompasses financial, social, and emotional dimensions. Yet, this burden is

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Intrapreneurship: Driving Innovation and Value Creation Across All Sectors

In the world of corporate innovation, intrapreneurship (corporate entrepreneurship) emerged as a concept with a longstanding history and continues to garner attention. In 1978, visionaries Gifford Pinchot III and Elizabeth S. Pinchot introduced the term “intrapreneur” in their seminal white paper, “Intra-Corporate Entrepreneurship.” This pioneering idea can be likened to an internal counterpart of the

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The Entrepreneurial Process: Skills, Attributes, and Social Context

To navigate the intricate landscape of entrepreneurship, one must possess a formidable arsenal of knowledge, expertise, and skills. At its core, understanding entrepreneurship hinges on grasping the essence of an entrepreneur. Commonly, entrepreneurs exhibit a set of key attributes, such as creative problem-solving, a penchant for independent decision-making, proactive inclinations, and an innate ability to

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