fourth industrial revolution

Innovation leadership is critical in enhancing a firm’s success in today’s changing markets. This research investigates the changes in entrepreneurial leadership attributes amid the fourth industrial revolution and the fast pace of technological advancement. This study helps to understand how leadership traits may help entrepreneurs fully exploit the advantages of this revolution and gain a competitive advantage.

This paper focuses attention on the fact that the V4 (Visegrád) countries are not equally well prepared to capitalize on the opportunities offered by the fourth industrial revolution because of the differences in the quality and skills of their human resources. On top of this they lag behind the more developed competitor countries in Western Europe in almost all major human indicators. Nine indicators describing human and knowledge characteristics are analyzed for the V4 and 5 developed countries.