The Future of Small Business in Industry 5.0

Olubiyi, Timilehin Olasoji · Suppiah, Susela Devi · Chidoko, Clainos

Dec 2024 · IGI Global

Ebook

558

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Eligible

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About this ebook

The future of small business in industry 5.0 presents a transformative opportunity for innovation, efficiency, and personalized customer experiences. As the next phase of industrial evolution integrates advanced technologies like artificial intelligence (AI), robotics, and the Internet of Things (IoT), with human creativity and collaboration, small businesses are positioned to use these tools to compete globally. Industry 5.0 emphasizes the collaboration between machines and human creativity, allowing small enterprises to optimize operations, enhance product customization, and deliver higher-quality services. With a focus on sustainability, flexibility, and enhanced customer engagement, small businesses can thrive while driving the development of ethical, inclusive, and people-centered industries.

The Future of Small Business in Industry 5.0 explores the intersection of vulnerability, business performance, and customer experiences, contributing to current research on small business management. It examines the impact of business and customer experiences on small and medium enterprises. This book covers topics such as small and medium enterprises, family-owned business, and digital marketing and is an excellent resource for business leaders, managers, consultants, IT professionals, academicians, researchers, students, and more.

About the author

Timilehin Olasoji Olubiyi is the current Dean of Faculty of management and social sciences West Midlands Open University, Lagos State, Nigeria. Also, an adjunct lecturer in Business Administration and Marketing Department of Babcock University Ogun State Nigeria. Dr Timi Olubiyi is a seasoned professional, business management expert, senior government adviser, and scholar with many years of hands-on experience and background in investment banking, public sector investment management, stockbroking, consulting, academia, research, and entrepreneurial development. His main expertise and research interests include Small Business Development and Management, Entrepreneurship, Enterprise continuity, Sustainability, Green Management, and Innovation. His research works have appeared in the Management and Marketing Journal, International Journal of Professional Business Review, Revista de Gestão Social e Ambiental, Springer Nature, Emerald Publishing, Palgrave Macmillan, Malaysian Management Journal, and IGI Global. He has published many papers in peer-reviewed journals, and he is a peer reviewer and member of the editorial board of many university-based and well-indexed high-impact journals globally.

Susela Devi Suppiah is a Professor of Accounting at the Department of Accounting, Sunway Business School. Prior to joining SUNWAY, she was the Dean of the Faculty of Business Technology and Accounting, UNITAR International University. Prior to joining UNITAR she served for 27 years at University of Malaya. She obtained her PhD from University of Waikato, New Zealand. Has graduated over 20 PhD students since 2006. Served as the Chief Editor of the Asian Journal of Business and Accounting, published by the Faculty of Business and Accountancy, University of Malaya from 2010 to 2014. Currently serves as Associate Editor of the Journal of Accounting in Emerging Economies. In 2009 she served as Executive Director of the Malaysian Accounting Standards Board. She was a council member of MIA from 2000 to 2002 and 2006 to 2008. She conducts in-house training on IFRSs for Board of Directors and top management of listed companies. She has been appointed as Research and Publication Pathway Consultant to Emerald Publishing UK.

Clainos Chidoko is currently affiliated with the Great Zimbabwe University.

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