Reflection of Digitalization on Business Values: The Results of Examining Values of People Management in a Digital Age

Jana Blštáková, Zuzana Joniaková, Nadežda Jankelová, Katarína Stachová and Zdenko Stacho
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Jana Blštáková: Department of Management, Faculty of Business Management, University of Economics in Bratislava, Dolnozemská cesta 1, 852 35 Bratislava, Slovakia
Zuzana Joniaková: Department of Management, Faculty of Business Management, University of Economics in Bratislava, Dolnozemská cesta 1, 852 35 Bratislava, Slovakia
Nadežda Jankelová: Department of Management, Faculty of Business Management, University of Economics in Bratislava, Dolnozemská cesta 1, 852 35 Bratislava, Slovakia
Katarína Stachová: Institute of Civil Society, University of Ss. Cyril and Methodius in Trnava, Hajdóczyho 1, 917 01 Trnava, Slovakia
Zdenko Stacho: Institute of Civil Society, University of Ss. Cyril and Methodius in Trnava, Hajdóczyho 1, 917 01 Trnava, Slovakia

Sustainability, 2020, vol. 12, issue 12, 1-17

Abstract: The European Union (European Parliament) understands industry 4.0 as a term for an environment of fast transformations of production systems and products. The basic characteristic of the change in the methods of creating added value in the conditions of the fourth industrial revolution is digitalization. Digitalization changes people management in two stages. The first stage is the adaptation of systems to the integration of physical inputs into digital systems, and the second stage is the redefinition of values for the internal and external customer. The purpose of this paper is to examine the content of the first digitalization stage and its impact on the transformation of values of corporate people management in the second stage of digitalization. The study published in this paper points out the level of digitalization applied towards the internal and external customer. The research results verify relations in the portfolio of corporate value and prove their present implementation of digitalization and its and importance for the future sustainability of the business. The study confirmed the independence of the levels of corporate digitalization and companies’ value portfolios. Furthermore, the study proved the universal nature of corporate value orientation, irrespective of the size, business focus or performance of the people management system. Meaningfulness, communication and cooperation dominate in terms of importance for business sustainability. The results of the study in Slovakia support the opinions of published foreign research, which emphasize the importance of introducing technological innovations aimed at employees to a much greater extent.

Keywords: digitalization; managing human resources; values; culture (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2020
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4)

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Persistent link: https://EconPapers.repec.org/RePEc:gam:jsusta:v:12:y:2020:i:12:p:5202-:d:376465

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