Vulnerability and the Future of Small Business in Industry 5.0

Beschreibung

"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. 

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.

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Timilehin Olasoji Olubiyi

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artificial intelligence business vulnerabilities SME performance digital innovation technological advancements resilience sustainability

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“Vulnerability and the Future of Small Business in Industry 5.0 is an invaluable contribution to the literature on entrepreneurship and business resilience. The quality of the contributors is unparalleled, bringing together some of the brightest minds in business research and practice. Each chapter offers cutting-edge insights into how small businesses can navigate the vulnerabilities of the rapidly evolving technological landscape, with contributors drawing on both theoretical knowledge and real-world experiences. The compelling reason to have a copy of this book is its ability to bridge the gap between research and practice, providing actionable strategies for entrepreneurs, business leaders, and policymakers. In a world where Industry 5.0 is transforming industries at an unprecedented pace, this book is both timely and essential for understanding the forces reshaping small businesses today.” (Professor Olumide Longe, Vice Chancellor, West Midlands Open University, Nigeria)

“Vulnerability and the Future of Small Business in Industry 5.0 is an excellent resource, combining the expertise of top-tier contributors who tackle the critical challenges faced by small businesses in today’s ever-changing technological landscape. The contributors’ backgrounds in entrepreneurship, business strategy, and resilience research make this book an invaluable collection of insights and practical recommendations. What makes this book truly compelling is its ability to address the current and pressing issues facing small businesses, such as navigating digital transformation, adapting to automation, and managing emerging risks in an increasingly interconnected world. The book’s relevance to today’s business climate is immediate, and its timely approach provides readers with the tools they need to secure a resilient future in the face of the rapidly evolving Industry 5.0 landscape.” (Dr Konstantinos Tsanis, Hellenic Centre for Defence Innovation (HCDI), Greece)

“The edited book Vulnerability and the Future of Small Business in Industry 5.0 is a timely and thought-provoking contribution to the academic discourse surrounding the challenges and opportunities faced by small businesses in the rapidly evolving industrial landscape. Dr. Timi Olubiyi's keen insights into the intersection of technology, vulnerability, and resilience in Industry 5.0 provide a fresh and nuanced understanding of small business dynamics in the modern era. His ability to connect research with real-world practice demonstrates his exceptional capability as an editor and thought leader. This volume is a must-read for researchers, practitioners, and policymakers alike who seek to understand the complexities of small business sustainability in the face of transformative technological shifts.” (Professor Vijit Chaturvedi, Amity Business School, Amity University Noida, India)

“Dr. Timilehin Olasoji Olubiyi has once again demonstrated his remarkable ability to edit and curate an exceptional academic work. Vulnerability and the Future of Small Business in Industry 5.0 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. His expertise and leadership in this field ensure that the contributions in this book are both highly relevant and academically rigorous.” (Professor Johnson Egwakhe, Business Administration and Marketing Department, Babcock University, Nigeria)

“This edited volume offers a timely and comprehensive exploration of how small businesses can navigate the complex terrain of Industry 5.0. Through interdisciplinary insights and empirical evidence, it provides a strategic roadmap for resilience, innovation, and sustainability in the digital age. A valuable resource for scholars, entrepreneurs, and policymakers alike.” (Venkatesha Nayak, Department of PG Studies in Commerce, University College, Mangalore, India)

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