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Original research
INNOVATION AND ENTREPRENEURSHIP IN THE CONTEXT OF DEMOGRAPHIC CHANGE IN THE WORKPLACEPages 1-8
Abstract:
The demographic change has emerged as a significant challenge and opportunity for modern enterprises. The evolving age demographics, increasing diversity, and prolonged participation of older adults in the workforce have altered workplace structures worldwide. This phenomenon presents both challenges and catalysts for innovation and entrepreneurship. Organizations must address the complexities of integrating multigenerational teams and managing talent amid workforce volatility. Conversely, these changes may stimulate entrepreneurial initiatives that respond to emerging market needs and leverage varied age-related expertise. This study investigates the convergence of demographic changes, innovation, and entrepreneurship. This study examines the influence of employee demography on organizational renewal, knowledge transfer, and the creation of entrepreneurial prospects, employing empirical evidence and theoretical frameworks. It ultimately offers legislative suggestions and managerial strategies designed to foster innovative and entrepreneurial outcomes amid ongoing demographic shifts.
Keywords: Innovation, Demographics, Workforce, Entrepreneurship.
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Robert Kowalschek 
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