Theoretical Research on Sustainable Business Model Innovation Driven by Digital Technology

Anastasia Yu. Nikitaeva () and Zhaoqiang Yan
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Anastasia Yu. Nikitaeva: Southern Federal University
Zhaoqiang Yan: Southern Federal University

A chapter in The Future of Industry, 2024, pp 75-89 from Springer

Abstract: Abstract The transformation of Industry 4.0 has not yet ended, and Industry 5.0 has increasingly gained in popularity. As an extension and upgrade of Industry 4.0, Industry 5.0 places a greater emphasis on people-oriented and sustainable development, aiming to achieve efficient integration and collaboration between people and advanced digital technology. Manufacturing enterprises, as the main actors in the market economy, need to introduce the Industry 5.0 idea to implement sustainable development by effectively utilizing advanced digital technology in the current dynamic and complex environment. Therefore, the article divides digital technology capabilities into four dimensions and sustainable business model innovation into five dimensions for measurement based on relevant theoretical research and practical experience. On this basis, a research framework of “digital technology capabilities – digital opportunity discovery, digital opportunity creation – sustainable business model innovation” is constructed.

Keywords: Manufacturing enterprise; Sustainable development; Business model innovation; Digital technology capability; Industry 5.0 (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:spr:lnichp:978-3-031-66801-2_6

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DOI: 10.1007/978-3-031-66801-2_6

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