The concept of a super-smart society, Society 5.0 is a novel approach to applying these advances, in which humans contribute to adapting technologies to daily activities in their society and making Society 5.0 ideas applicable to various aspects of everyone’s life (Çipi et al., 2023). Collaboration and networking are fundamental to the entrepreneurial process in Society 5.0. Individuals should establish a varied network of collaborators, mentors, and advisers that can offer support, direction, and resources. Collaborative problem-solving allows us to use their pooled skills and resources to address complicated situations more effectively (Ćoćkalo et al., 2023). Moreover, Society 5.0 emphasizes the necessity of tackling societal concerns while also encouraging sustainable development and social responsibility. Entrepreneurs should think about the social and environmental implications of their businesses and seek to make a good difference that helps society. Adopting a triple-b...
Problem Definition A wicked problem is a social or cultural problem, which is difficult or impossible to solve due to its complex and interconnected nature, and one of the most common type of wicked problems that people who live in modern cities experience is Urban Mobility, which is defined by: - Inefficient and unreliable public transportation (Long wait times, limited coverage, or lack of accessibility for people with disabilities.) - Traffic congestion (Gridlock leading to longer commutes, air pollution, and frustration.) - Competition for road space (Pedestrians, cyclists, cars, and delivery vehicles vying for limited space, raising safety concerns.) User Persona Storyboard Solution The wicked problems that people who live in modern cities experience is congestion of public transport, such as insufficient coverage of bus and subway services, bad scheduling, and excessive reliance on personal vehicles. The solutions to solve...
Entrepreneurs can use a variety of cognitive strategies to deal with uncertainty (Kuratko et al., 2020). Based on attitudes towards means or effects, conceptualised two types of heuristics employed in entrepreneurial decision making which is causation and effectuation (Sarasvathy, 2001). In this blog, we more focus on effectuation. Effectuation is a mode of thinking and making decisions based on the idea that entrepreneurs shape their own future by acting and making things happen. It is a mode of thinking that focuses on creating chances and solving issues with the resources at your disposal, rather than making forecasts and planning (The Five Principles of Effectuation, n.d.). Effectuation consists of a distinct worldview and four principles which are bird in hand principle, affordable loss principle, lemonade principle, crazy-quilt principle, and pilot in the plane principle (What Is Effectuation? Effectuation 101, n.d.). The extend to which an entrepreneur and organisation are aware...
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