The present study addresses two critical controversies surrounding the emerging Industry 5.0 agenda. Firstly, it seeks to elucidate the driving forces behind the accelerated momentum of the Industry 5.0 agenda amidst the ongoing digital industrial transformation. Secondly, it explores how the agenda’s sustainability values can be effectively realised. The study conducted a comprehensive content-centric literature synthesis and identified how Industry 4.0 shortcomings adversely impacted sustainability values. Furthermore, the study implements a novel approach that determines how and in what order the sustainability functions of Industry 4.0 should be leveraged to promote the sustainability objectives of Industry 5.0. Results reveal that Industry 4.0 has benefited economic and environmental sustainability values most at the organisational and supply chain levels. Nonetheless, most micro and meso-social sustainability values have been adversely impacted by Industry 4.0. Similarly, Industry 4.0 has been worryingly detrimental to macro sustainability values like social or economic growth equality. These contradictory implications of Industry 4.0 have pulled the Industry 5.0 agenda. However, the results identified nine sustainability functions of Industry 4.0 that, when leveraged appropriately and in the correct order, can offer important implications for realising the economic and socio-environmental goals of Industry 5.0. For example, under extreme unpredictability of business world uncertainties, the business should first leverage the automation and integration capabilities of Industry 4.0 to gain the necessary cost-saving, resource efficiency, risk management capability, and business antifragility that allow them to introduce sustainable innovation into their business model without jeopardising their survival. Various scenarios for empowering Industry 5.0 sustainability values identified in the present study offer important implications for knowledge and practice.
Purpose: Given the recent emergence of China as a dominant economy and internal changes that have led to the encouragement of entrepreneurship and entrepreneurial initiatives, this paper explores whether family dynamics and relationships still play an important role in women's decision to become entrepreneurs. It aims to understand whether there has been a shift in family dynamics and decision-making that supports female entrepreneurship.Design/methodology/approach: Given that the purpose of the study is to understand the role of relationships and family dynamics in their career choice, this study has taken a qualitative approach and carried out interviews with fifteen Chinese female entrepreneurs to understand the role of relationships and family dynamics in their career choice.Findings: The results note that though there are changes in family dynamics that encourage female entrepreneurship, women still find it difficult to choose entrepreneurship as a career and there are unfair expectations that are placed on them. The expectations create undue stress which directly affects their ability to carry out their professional duties. The research suggests that to foster the development of female entrepreneurship, government agencies and local government bodies should provide further access to family support services that can facilitate women's empowerment and foster entrepreneurial thinking without feeling guilty about family commitments or unfair expectations.Originality/value: Recent studies on women's entrepreneurship have focused on various facets. The role of family dynamics and relationships has long been studied in the context of female entrepreneurship. In emerging economies like China, family dynamics and relationships determine whether women can choose entrepreneurship as a career choice or not. However, there is very limited research on the topic, in the geographical context of China. Hence, this paper is among pioneer research addressing family dynamics in the female entrepreneurship debate in China.