Title: Disruptive innovation, fourth industrial revolution and sustainable entrepreneurship policy: lessons for Nigeria from the experiences of EU and Australia

Authors: Gabriel Oyebanjo Ogunlela

Addresses: Faculty of Business and Management Sciences, Cape Peninsula University of Technology, Cape Town, South Africa

Abstract: Disruptive innovation is used to transform business globally, with much research recently conducted in the area of disruptive innovation and sustainable entrepreneurship. However, much is still required where skills development in disruptive innovation and sustainable entrepreneurship is concerned, especially in Nigeria. Europe, Australia, America and a few Asian countries are among those countries where legislation and policies have been developed and implemented, in order that firms may embrace disruptive innovation to improve sustainability. This article examines how Europe and Australia have encouraged sustainable entrepreneurship and the manner in which this can be adopted in Nigeria, through disruptive innovation and a fourth industrial revolution (4IR) policy. Positive and negative effects of a sustainable entrepreneurship implementation approach are explored. It is debated whether, in the light of international experience, the policy on disruptive innovation and 4IR could be considered in Nigeria and plausibly be applied under the present infrastructure dispensation.

Keywords: entrepreneurship; sustainability; policy; disruptive innovation; Nigeria; Australia.

DOI: 10.1504/IJBG.2023.135864

International Journal of Business and Globalisation, 2023 Vol.35 No.4, pp.404 - 418

Received: 23 Apr 2019
Accepted: 01 Sep 2019
Published online: 09 Jan 2024 *

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