Shaping the Future of Innovation Management: The Evolution from Industry 4.0 to Industry 5.0 Cover Image

Shaping the Future of Innovation Management: The Evolution from Industry 4.0 to Industry 5.0
Shaping the Future of Innovation Management: The Evolution from Industry 4.0 to Industry 5.0

Author(s): Ala Cotelnic, Irina Dorogaia
Subject(s): Economy, Business Economy / Management, Socio-Economic Research
Published by: Университет за национално и световно стопанство (УНСС)
Keywords: Innovation Management; Industry 4.0; Industry 5.0; Human-centric innovation; Sustainable ecosystems
Summary/Abstract: The technologies involved in our times are characterized by high speed, the ability to self-learn and adapt, so they require a special approach to use. The use of technologies that fundamentally change all processes contribute to the change of the entire organization. Such significant changes push to the formation of new approaches in innovation management. The aim of the paper is to identify the relationship between the concepts of Industry 4.0 and Industry 5.0, to establish a conceptual continuum between these terms, and to highlight some points related to the perception of social problems in SMEs in the Republic of Moldova. The paper presents the data of the research conducted in the period January-May 2023 in the context of the post-doctoral study "Creation of a change management model for SMEs of the Republic of Moldova in the context of Industrialization 4.0".

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