Smart Manufacturing as a Management Strategy to Achieve Sustainable Competitiveness

Muhammad Rahim Ejaz ()
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Muhammad Rahim Ejaz: University of Pecs

Journal of the Knowledge Economy, 2024, vol. 15, issue 1, No 27, 682-705

Abstract: Abstract The aim of this study is to determine whether smart technologies can bring sustainable competitiveness to manufacturing firms and this study attempts to determine it through theoretical linear modelling. This paper reflects on the importance of sustainable competitiveness and means of achieving sustainable competitiveness by highlighting it through analysis of scientific literature review. It explains competitiveness by the means of resources and capabilities, clustering, and public policy. This study also presents an analytical framework that interlinks Quintuple Helix model, Industry 5.0, and sustainable competitive. This study also emphasizes on a management strategy that explains how a manufacturing firm devise a strategy to obtain sustainable competitiveness. A theoretical linear model is developed that identifies digital technologies proven to be the source of manufacturing competitiveness. This work also shed light to the limitations in order to measure or determine competitiveness factor at national, regional, or firm level. For the future researchers, this study provides a baseline to develop a mechanism of measuring competitiveness based on smart technology.

Keywords: Management strategies; Smart manufacturing; Sustainable competitiveness; Quintuple Helix model (search for similar items in EconPapers)
JEL-codes: E23 L23 M11 O14 O30 (search for similar items in EconPapers)
Date: 2024
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DOI: 10.1007/s13132-023-01097-z

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