Managing Industry 4 Technology and Innovation

Jeff Schubert ()
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Jeff Schubert: Baikal School of BRICS, Irkutsk National Research Technical University

A chapter in Industry 4.0, 2022, pp 347-358 from Springer

Abstract: Abstract The concept of a Fourth Industrial Revolution (Industry 4), with its emphasis on digitalization, has led some researchers and businesspeople to suggest that a new approach to management is needed. This paper considers some of these suggestions and finds that while there is merit in some of these ideas, there are quite a few caveats both major and minor. The main caveat is that a modern economy consists of more than new digitalized activities and many basic pre-digitalization activities will continue to be performed and that these will continue to require more traditional management methods. Moreover, many of the suggestions for management in the Industry 4 era are not really new and more in the form of traditional management.

Keywords: Industry 4; Organization; People; Teams; Innovation; Skills; codes; Q54 (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-030-79496-5_32

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DOI: 10.1007/978-3-030-79496-5_32

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