The Growth of Political Entrepreneurs
The industrial revolution is rapidly changing the way modern people live and work. This revolution is significantly witnessed in the fast-evolving technologies that continue to alter socio-economic norms, and hence, political players either are hurriedly responding to the significant challenges or are choosing to remain dormant. For the Fourth Industrial Revolution to progressively contribute to humanity, a new generation of political entrepreneurs is required to confront the challenge.
The Definition of a Political Entrepreneur & Entrepreneurship
Political entrepreneurs are individuals who develop ideas and innovations and act as new leaders in the field of politics Therefore, these individuals or groups of persons usually have great pursuits for improving the political art and political science through the disruption of economic and societal norms. Excellent examples of political entrepreneurs include the forefathers of Marxists, Capitalists, Luddites, Suffragettes, Futurists, and Chartists. The fundamental value and meaning of this term stem from its unique reference to the innovators of new ideas for solving political problems linked to governance, political campaigns, political technology, and political philosophy. Based on the meaning of this term, it is possible to evaluate what the good and bad political entrepreneurship looks like as well as to establish procedures for measuring its impacts. The term political entrepreneur can also be used to broaden people’s imagination concerning their behaviours in professional and civic lives as witnessed with the global rise of social entrepreneurs.
The term politics is defined as the practice of using bestowed power to make informed decisions that address societal problems. During the birth of the concept of democracy, Athens described politics as a group of wise men who decided the best ways through which problems that affected emerging cities could be tackled. One of the main concerns of this group was brainstorming how an adequate sewage system could be constructed in the city. However, today, the term politics is widely used to refer to complex choices made on taxation and spending or dealing with complicated global issues such as poverty, regulation, and competition. On the other hand, the term entrepreneurship commonly used in business context referring to the process of identifying a viable business opportunity and mobilizing required resources to start it with the principal objective of making economic profits. Besides being profit-oriented, entrepreneurs also seek to provide goods and services that will fix societal problems.
Combining the two terms formulate the word “political entrepreneurs” describing individuals who instigate new powerful ideas for solving societal problems. From the previous three industrial evolutions, new movements, organizations, and groups of people united to respond to critical social challenges. Each of this arrangement was instituted by political entrepreneurs who had advanced new ideas and procedure for dealing with the issues.
What do political entrepreneurs do?
Today, political entrepreneurs are exerting considerable political influence that disrupts modern politics. Each day new communities and movements are emerging to respond to challenges facing the fourth industrial revolution. For example, Uber and Deliveroo taxi services are organized through the WhatsApp platform in response to drivers’ employment status and pay. Civic Triage has automated political duties by substituting surgery for politicians with a chatbot. The Virtual Reality, Big Data, Al, and the Internet of Things is acquiring its usage among the political entrepreneurs for political disruptions.
Based on the retrospect of electoral politics, it is apparent that political entrepreneurs have immensely disrupted and there is no probable sign of change. It was just the other day that Austria elected the young left-leaning leader in the world, Sebastian Kurz to the position of Chancellor. New Zealand also chose to elect the young left-inclined Prime Minister, Jacinda Ardern. Much of the campaigns of these two comprised promised to change their constituents by matching entrepreneurial strategies to those used by Macron during the launched of his new political party for the presidential bid in the recent general elections. Beside Macron, Uffe Elbaek also successfully led a new party, the Alternative Party in Denmark to the election. Five Star Movement was also very successful under the leadership of Beppe Grillo in Italy. The traditional parties in democratic countries with alternative voting systems are being beaten in the same way the hotel industry was hit hard by Airbnb.
The need for a new generation of Political Entrepreneurs.
A new generation of political entrepreneurs is required to solve the primary and unique problem affecting modern society. During this Fourth Industrial Revolution, the entire community, from the global perspective, must establish how to address the issue of fake news detrimental to the democratic discourse, threats to cybersecurity, neutrality threats, job automation, the transition of power to the tech industry, ownership of big data, and the emerging labour formulations. Through the new generation of political entrepreneurs, it will be possible to comprehend and shape technological revolution that will, in turn, have positive transformation impacts on humankind.
Developing a Global Political Entrepreneurship
Building a new generation of political entrepreneurs involves mobilizing the public into active political participations. Less than 2% of the UK population are members of political parties. The Brexit, as well as the latest Catalan protest, have manifested that a large number of people have lost their trust with the current political institutions and norms. Therefore, political entrepreneurs must be innovative and creative. They must be able to invent new visions, policies, technologies, and civic actions that will warrant world improvement through the Fourth Industrial Revolution.
The Four Industrial Revolution is positively causing positive dynamics to humanity. However, a new generation of entrepreneurs is needed. The diversification of memberships to a political party, influencing political leaders about changes that are happening, providing civic education to the potential entrepreneurs, as well as the development of a new philosophy on politics can be helpful in guiding political leaders of this new age.
The 3-days congress will deliver sessions covering the below topics, introducing a host of influential speakers drawn from various sectors including business, entrepreneurship, corporate leadership and government. Topics to be discussed include;
- Why do we need new generation of political entrepreneurs to solve the challenges of today especially in Africa and how can we reinvent the current rise of young political entrepreneurs across the globe?
- How can we develop political entrepreneurship worldwide especially in Africa and how can developed countries/economies partner African countries in raising and shaping the new generation of political entrepreneurs to tackle the challenges of today?
- Barriers to efficient political entrepreneurs worldwide and the way forward.
- The Role of Entrepreneurs in the context of policy change and crisis
- Entrepreneurship vrs Intrapreneurship: What are they? And how can each help in changing the world
- Do we all have to be Entrepreneurs?
- How Great Leaders Inspire Action
- How to work smart and stay focused than doing anything and everything
- The pitch that pitches- The Do’s and Don’ts
Participants will be divided into 5 working or workshop groups each working group with a case study to solve and on the final day, each group will present their solutions to their case studies.
Leaders who have developed ideas to tackle political or societal problems and start-ups that solve societal problems will be given 10 minutes to do a presentation at the Congress.
Register your interest if you want to speak or do your presentation.