ROLE OF THE BUSINESS MODELS IN THE INDUSTRY 4.0 – THE LITERARY RESEARCH

2020 ◽  
Author(s):  
Nikola Janíčková ◽  
Petra Domanižová
Keyword(s):  
Industry 4.0 ◽  
Business Models ◽  
Literary Research

Emerging Industrial Revolution: Symbiosis of Industry 4.0 and Circular Economy: The Role of Universities

2020 ◽  
Vol 25 (3) ◽  
pp. 505-525 ◽  
Author(s):  
Seeram Ramakrishna ◽  
Alfred Ngowi ◽  
Henk De Jager ◽  
Bankole O. Awuzie
Keyword(s):  
Economic Growth ◽  
Circular Economy ◽  
Industry 4.0 ◽  
Business Models ◽  
Industrial Revolution ◽  
New Technologies ◽  
Production Systems ◽  
Fourth Industrial Revolution ◽  
New Jobs

Growing consumerism and population worldwide raises concerns about society’s sustainability aspirations. This has led to calls for concerted efforts to shift from the linear economy to a circular economy (CE), which are gaining momentum globally. CE approaches lead to a zero-waste scenario of economic growth and sustainable development. These approaches are based on semi-scientific and empirical concepts with technologies enabling 3Rs (reduce, reuse, recycle) and 6Rs (reuse, recycle, redesign, remanufacture, reduce, recover). Studies estimate that the transition to a CE would save the world in excess of a trillion dollars annually while creating new jobs, business opportunities and economic growth. The emerging industrial revolution will enhance the symbiotic pursuit of new technologies and CE to transform extant production systems and business models for sustainability. This article examines the trends, availability and readiness of fourth industrial revolution (4IR or industry 4.0) technologies (for example, Internet of Things [IoT], artificial intelligence [AI] and nanotechnology) to support and promote CE transitions within the higher education institutional context. Furthermore, it elucidates the role of universities as living laboratories for experimenting the utility of industry 4.0 technologies in driving the shift towards CE futures. The article concludes that universities should play a pivotal role in engendering CE transitions.

scholarly journals The fourth industrial revolution: personnel, business and state

2020 ◽  
Vol 159 ◽  
pp. 04012
Author(s):  
Eugene Genkin ◽  
Sergey Filin ◽  
Vladimir Velikorossov ◽  
Zhamilya Kydyrova ◽  
Kirill Anufriyev
Keyword(s):  
Industry 4.0 ◽  
Business Models ◽  
Industrial Revolution ◽  
Highly Qualified ◽  
Qualified Personnel ◽  
Strategic Role ◽  
The Individual ◽  
Effective Use ◽  
Digital Capital

The solved tasks are to develop recommendations for combining industry 4.0 technologies with the reduction of less qualified personnel due to their use while maximizing (keeping) of the efficiency of the organization’s activities. The novelty is the justification for the need to use strategic methodological approaches for design and development of new value proposals and business models in the organization for the strategically effective use of Industry 4.0 technologies and management of highly qualified personnel. The main characteristics, basic technologies and the strategic role of Industry 4.0, as well as its impact on business and working conditions of employees and the state as a whole, are analyzed. The model of changes in the role of labor when using “digital” capital is analyzed. A full-fledged entry into Industry 4.0 will contribute to various structural and balance changes in the socio-economic sphere, while the main transformations will be subject to the traditional life of a person, his values, beliefs and, ultimately, the conditions of existence. Despite the fact that robotics in the course of Industry 4.0 to replace the individual, the human labour in specific segments will be necessary. Work is also necessary for the development of the individual, both culturally and psychologically.

Achieving Environmental Sustainability Through Industry 4.0 Tools

2020 ◽  
pp. 37-62
Author(s):  
Barbara Aquilani ◽  
Michela Piccarozzi ◽  
Cecilia Silvestri ◽  
Corrado Gatti
Keyword(s):  
Environmental Sustainability ◽  
Industry 4.0 ◽  
Business Models ◽  
Theoretical Framework ◽  
Industrial Symbiosis ◽  
Digital Platforms ◽  
Italian Case ◽  
Almost All ◽  
Business To Business

Almost all firms are involved in challenges linked to Industry 4.0 that represent a new logic for business models focused on innovation, technology, and sustainability. In this domain, the support and integration of digital innovations is assuming ever greater importance and a key role is played by the so-called “industrial symbiosis.” Looking more in depth at industrial symbiosis literature, which practically developed within the engineering domain, it is clear that most of its particular traits can also be found in management literature when referring to value co-creation, especially in the business to business domain. Given the above, the aim of this work is twofold: to analyze the role of Industry 4.0 digital platforms as a tool for the development of environmental sustainability and to understand how Industry 4.0 as a whole can support the achievement of environmental sustainability goals. The only Italian case will be used to validate the proposed theoretical framework.

scholarly journals The Role of Open Innovation and Value Co-creation in the Challenging Transition from Industry 4.0 to Society 5.0: Toward a Theoretical Framework

2020 ◽  
Vol 12 (21) ◽  
pp. 8943
Author(s):  
Barbara Aquilani ◽  
Michela Piccarozzi ◽  
Tindara Abbate ◽  
Anna Codini
Keyword(s):  
Open Innovation ◽  
Industry 4.0 ◽  
Business Models ◽  
Ad Hoc ◽  
Well Being ◽  
New Business ◽  
New Perspective ◽  
First Time ◽  
Quality Production

Advanced manufacturing solutions, augmented reality, and cloud and big data are technologies pertaining to Industry 4.0. These technologies improve working conditions, create new business models, and increase both productivity and firm quality production. However, they can also improve life and society as a whole. This new perspective, oriented toward social and global well-being, is called Society 5.0. As has happened for all past industrial revolutions, Industry 4.0 will support the transition to a different society, i.e., Society 5.0. In this transition, open innovation and value co-creation can play an important role. The aim of the study was twofold: to examine how Industry 4.0 features and enabling technologies can support the transition to Society 5.0 and to investigate the roles of both open innovation and value co-creation within this transition. A conceptual framework was developed to jointly consider for the first time Industry 4.0, Society 5.0, open innovation, and value co-creation, which are all challenging issues that firms must cope with nowadays. Managers could profit from these insights to design ad hoc strategies in order to benefit from the opportunities emerging from this transition and overcome the main related challenges.

Achieving Environmental Sustainability Through Industry 4.0 Tools

2021 ◽  
pp. 513-539
Author(s):  
Barbara Aquilani ◽  
Michela Piccarozzi ◽  
Cecilia Silvestri ◽  
Corrado Gatti
Keyword(s):  
Environmental Sustainability ◽  
Industry 4.0 ◽  
Business Models ◽  
Theoretical Framework ◽  
Industrial Symbiosis ◽  
Digital Platforms ◽  
Italian Case ◽  
Almost All ◽  
Business To Business

Almost all firms are involved in challenges linked to Industry 4.0 that represent a new logic for business models focused on innovation, technology, and sustainability. In this domain, the support and integration of digital innovations is assuming ever greater importance and a key role is played by the so-called “industrial symbiosis.” Looking more in depth at industrial symbiosis literature, which practically developed within the engineering domain, it is clear that most of its particular traits can also be found in management literature when referring to value co-creation, especially in the business to business domain. Given the above, the aim of this work is twofold: to analyze the role of Industry 4.0 digital platforms as a tool for the development of environmental sustainability and to understand how Industry 4.0 as a whole can support the achievement of environmental sustainability goals. The only Italian case will be used to validate the proposed theoretical framework.

scholarly journals The supporting role of business models in the promotion of sustainable innovations in the energy sector: an explorative study in the Italian SMEs

2021 ◽  
Vol 38 (3) ◽  
pp. 109-129
Author(s):  
ANDREA SABATINI ◽  
SARA BARTOLONI ◽  
GIAN LUCA GREGORI
Keyword(s):  
Industry 4.0 ◽  
Business Models ◽  
Single Case ◽  
New Products ◽  
Future Research ◽  
Explorative Study ◽  
Marketing Activities ◽  
Scarcity Of Resources ◽  
Start Ups

Purpose of the paper: The Industry 4.0 paradigm entails tremendous business opportunities. However, SMEs are struggling to effectively commercialize new products embedding Industry 4.0 technologies. Therefore, the study aims at exploring how SMEs manage the commercialization of Industry 4.0 new products to provide a thorough understanding of the main issues and barriers they face. Methodology: The study adopts a single case study of an Italian SMEs. Data have been analyzed through an abductive approach. The novelty of the topic calls for an explorative study consistent with the methodologies adopted. Results: The study finds several barriers and issues related to internal and external factors. Barriers and issues might be overcome if SMEs develop external partnerships to compensate their typical scarcity of resources. The firm faced the coronavirus pandemic, which highlighted further threats hidden into the commercialization process. Research limitations: The study design is qualitative in nature, limiting the generalization of the findings. The internal perspective and the specific study contexts also offer new avenues for future. research. Practical implications: The study provides several insights to support SMEs in their commercialization processes of new Industry 4.0 technological products. The study highlights the pivotal role of strategy and planning as well as marketing activities. Originality of the paper: The study contributes to the new product commercialization and Industry 4.0 literature by unravelling potential issues and barriers that innovator SMEs might encounter when commercializing new products that fall into the Industry 4.0 paradigm. The article provides a novel perspective as the extant NPD literature focuses on start-ups or large corporations, while the Industry 4.0 literature has been neglecting the commercialization process.

Business Model Literature Overview

2014 ◽  
pp. 79-130 ◽  
Author(s):  
Ales Novak
Keyword(s):  
Business Model ◽  
Financial Reporting ◽  
Business Models ◽  
Potential Role ◽  
Financial Instruments ◽  
Business Logic ◽  
Literature Overview ◽  
Ifrs 9 ◽  
Definition Of

The term ?business model' has recently attracted increased attention in the context of financial reporting and was formally introduced into the IFRS literature when IFRS 9 Financial Instruments was published in November 2009. However, IFRS 9 did not fully define the term ‘business model'. Furthermore, the literature on business models is quite diverse. It has been conducted in largely isolated fashion; therefore, no generally accepted definition of ?business model' has emerged. Therefore, a better understanding of the notion itself should be developed before further investigating its potential role within financial reporting. The aim of this paper is to highlight some of the perceived key themes and to identify other bases for grouping/organizing the literature based on business models. The contributions this paper makes to the literature are twofold: first, it complements previous review papers on business models; second, it contains a clear position on the distinction between the notions of the business model and strategy, which many authors identify as a key element in better explaining and communicating the notion of the business model. In this author's opinion, the term ‘strategy' is a dynamic and forward-looking notion, a sort of directional roadmap for future courses of action, whereas, ‘business model' is a more static notion, reflecting the conceptualisation of the company's underlying core business logic. The conclusion contains the author's thoughts on the role of the business model in financial reporting.

Influence of social networks on business processes’ development

2020 ◽  
Vol 19 (12) ◽  
pp. 2225-2252
Author(s):  
E.V. Popov ◽  
V.L. Simonova ◽  
O.V. Komarova ◽  
S.S. Kaigorodova
Keyword(s):  
Social Networks ◽  
Social Media ◽  
Business Models ◽  
Business Processes ◽  
Digital Economy ◽  
Theoretical Understanding ◽  
Sales Channels ◽  
A Value ◽  
The Impact

Subject. The emergence of new ways of interaction between sellers and buyers, the formation of new sales channels and product promotion based on the use of digital economy tools is at the heart of improving the business processes. Social networks became a tool for development; their rapid growth necessitates theoretical understanding and identification of potential application in enterprise's business process digitalization. Objectives. We explore the role of social media in the digitalization of business processes, systematize the impact of social networks on business processes of enterprises in the digital economy. Methods. The theoretical and methodological analysis of social networks as a tool for digitalization of company's business processes rests on the content analysis of domestic and foreign scientific studies, comparison, generalization and systematization. Results. We highlight the key effects of the impact of social networks on the business processes of the company; show that the digitalization of business processes should be considered in the context of a value-based approach, aimed at creating a value through the algorithmization of company operations. We determine that social networks are one of the most important tools for digitalization of company's business processes, as they have a high organizational and management potential. We also systematize the effects of social media on company's business processes. Conclusions. We present theoretical provisions of the impact of social networks on business processes of enterprises, which will enable to model and organize ideas about the development of digital ecosystems and the formation of business models.

DIGITAL ECONOMY AND GLOBALIZATION: THE IMPORTANCE OF DIGITAL ENTREPRENEURSHIP DEVELOPMENT

2020 ◽  
Vol 6 (3) ◽  
pp. 17-20
Author(s):  
Farxod Tursunov ◽  
Keyword(s):  
Business Models ◽  
Digital Economy ◽  
Management Systems ◽  
Entrepreneurship Development ◽  
New Business ◽  
Definition Of ◽  
Digital Enterprise ◽  
New Business Models ◽  
Digital Entrepreneurship

The article discusses the role of the digital economy in the development of the country, how it becomes the basis of the economy, new business models and management systems. The opinion of scientistsis analyzed, a definition of a digital enterprise is given

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