The Role of Universities in Industry 4.0 Era

Abstract

In every industrial era, one of the most important issues is the adaptation of business conditions to operational and administrative processes. Nowadays, as in every field of business-life, globalization and high competition highlighted the importance of entrepreneurship and innovation. The focal point of competition has changed to the position to innovate products at desired and required amounts, times, and quality with affordable price so taking advantage requires integrated management skills. Universities play a key role at this point thus entrepreneurs and researcher universities has emerged. In this study, after a general overview on evaluation of innovation and entrepreneurship concepts, the importance of them are explained in the view of industry 4.0. Then, a model of entrepreneurial and researcher universities is explained in detail with the analysis of several countries' models. The study reveals the role of universities in the innovation and entrepreneurship framework and to generate awareness about industry-university collaborations in the new industrial era.