Artificial intelligence and entrepreneurship: implications for venture creation in the Fourth Industrial Revolution

Chalmers, D. , Mackenzie, N. and Carter, S. (2021) Artificial intelligence and entrepreneurship: implications for venture creation in the Fourth Industrial Revolution. Entrepreneurship: Theory and Practice, 45(5), pp. 1028-1053. (doi: 10.1177/1042258720934581)

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This article explores the ways artificial intelligence (AI) may impact new venture processes, practices and outcomes. We examine how such technology will augment and replace tasks associated with idea production, selling, and scaling. These changes entail new ways of working, and we consider implications for the organizational design of entrepreneurial ventures. While AI can enhance entrepreneurial activities, liabilities stem from this technological leverage. We advance a research agenda that draws attention towards negative social and economic implications of AI, particularly for more traditional small firms at risk of disintermediation in an AI economy.

Item Type:Articles
Keywords:Artificial intelligence, industry 4.0, scaling, selling, entrepreneurship, new venture, opportu- nity, external enabler.
Glasgow Author(s) Enlighten ID:Carter, Professor Sara and Mackenzie, Professor Niall and Chalmers, Professor Dominic
Authors: Chalmers, D., Mackenzie, N., and Carter, S.
Subjects:H Social Sciences > H Social Sciences (General)
H Social Sciences > HB Economic Theory
H Social Sciences > HM Sociology
T Technology > T Technology (General)
College/School:College of Social Sciences > Adam Smith Business School > Management
Journal Name:Entrepreneurship: Theory and Practice
Journal Abbr.:ETP
Publisher:SAGE Publications
ISSN (Online):1540-6520
Published Online:15 July 2020
Copyright Holders:Copyright © 2020 The Authors
First Published:First published in Entrepreneurship: Theory and Practice 45(5): 1028-1053
Publisher Policy:Reproduced under a Creative Commons License

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