Strategic Business Transformation: An Industry 4.0 Perspective
Strategic Business Transformation: An Industry 4.0 Perspective
Author(s): Dejan Ilić, Branko Marković, Dragan MiloševićSubject(s): Business Economy / Management
Published by: Fakultet za poslovne studije i pravo
Keywords: Industry 4.0; strategy; strategic transformation; business models; sustainable competitive advantage
Summary/Abstract: The fourth industrial revolution (in which the industry and 4.0), initiated by the development of new information and communication technologies (ICT), is ongoing. All aspects of the change that will be brought by the industry 4.0 cannot be reliably observed, in addition, it is certain now that it will make significant changes in the way the company operates. By analysing the content of documents on technological trends and directions of the development of industry 4.0, we are forecasting their impact on company strategies in the new business environment. The paper aims to emphasize that a successful company strategy will be based on an innovative business model that is adapted to digital business industry 4.0.
Journal: International Journal of Economics & Law
- Issue Year: 7/2017
- Issue No: 20
- Page Range: 49-59
- Page Count: 11
- Language: English