scholarly journals The Impact of the Industry 4.0 Concept on Slovak Business Sustainability within the Issue of the Pandemic Outbreak

2021 ◽  
Vol 13 (9) ◽  
pp. 4975
Author(s):  
Adriana Grenčíková ◽  
Marcel Kordoš ◽  
Jozef Bartek ◽  
Vladislav Berkovič
Keyword(s):  
Industry 4.0 ◽  
Communication Technologies ◽  
Business Environment ◽  
Medical Sciences ◽  
Structure Changes ◽  
Job Structure ◽  
Smart Industry ◽  
The Impact ◽  
Manpower Shortage ◽  
New Jobs

Many studies have found that the most significant job structure changes in the Slovak business environment can be expected in production and logistics. The biggest manpower shortages are in the fields of mechanical engineering, production, construction, information sciences and communication technologies, and medical sciences. The smallest manpower shortage can be found in the humanities and social science areas. The main objective of this research was to assess the trends within the Slovak labor market from the perspective of the companies that participated in a survey focused on their assumptions on job structure changes in the context of the implementation of the elements of Industry 4.0. The estimation was based on a questionnaire conducted during the spring months of 2020 with the participation of 175 companies and institutions. The results showed that one third of companies anticipate job cuts in the implementation of smart industry. Along with the job position disposal and the qualified staffs’ need for new jobs, the demands of employers regarding the level of education are growing. On the other hand, three quarters of companies are not only willing but also ready to participate in human resource vocational training and requalification focused mainly on technical skills.

Do you have a naïve forecasting model of the future?

2020 ◽  
Vol 38 (4) ◽  
pp. 267-269
Author(s):  
Larry Wofford ◽  
David Wyman ◽  
Christopher W. Starr
Keyword(s):  
Systems Theory ◽  
Industry 4.0 ◽  
Business Models ◽  
Technology Innovation ◽  
Business Environment ◽  
Disruptive Innovation ◽  
Commercial Real Estate ◽  
Disruptive Technology ◽  
Content Type ◽  
The Impact

PurposeThis paper addresses the increasingly rapid and disruptive changes caused by technology innovations impacting commercial real estate (CRE) and how leaders in today's CRE business environment can better anticipate, and even experiment with, disruptive technologies while maintaining current business assets and practices.Design/methodology/approachThis qualitative research is based in systems theory, through which the impact of disruptive technology innovation cycles on business models is described for tactical and strategic utility.FindingsThe advent of the fourth industrial revolution (Industry 4.0) is characterized by a convergence of multiple technological innovations including artificial intelligence, the Internet of things, smart buildings, autonomous agents, and automated decision-making. Industry 4.0 promises a future of discontinuities and disruptive innovation superseding the deployment of digital technologies enabled by Industry 3.0. Ambidextrous leaders need to maintain two concurrent foci: one on the current CRE business environment for incremental improvements and one on new opportunities made possible by the next technology innovation cycle.Practical implicationsBy anticipating the inflection points of nonlinear technology adoption cycles, CRE leaders can reduce risks and increase innovative opportunities as participants in the next disruptive cycle rather than falling victim to it.Originality/valueThis work examines CRE market disruptions caused by technology innovation cycles through the lens of systems theory. A connection is made between the nonlinear nature of technology disruption cycles within the CRE business environment and how CRE leadership can better anticipate and prepare for change through ambidextrous thinking.

scholarly journals Development of Tax Stimulation and Business Environment in Slovakia

2020 ◽  
Vol 83 ◽  
pp. 01011
Author(s):  
Ivona Ďurinová ◽  
Natália Tačarová
Keyword(s):  
Graphical Representation ◽  
Slovak Republic ◽  
Tax Incentives ◽  
Business Environment ◽  
The State ◽  
Analysis And Synthesis ◽  
Business Entities ◽  
The One ◽  
The Impact ◽  
New Jobs

Tax incentives are specific and targeted tax instruments in the economic and social policy of the state. With appropriate tools, the state can support the creation of new jobs and also the sustainability of human resources in existing companies. The article deals with the issue of stimulation of companies in Slovakia and the suitability of the applied incentives in connection with the business environment. The aim of the paper is to approach and analyze the impact of tax incentives applied in the Slovak Republic and evaluate them based on their impact on business entities, respectively business environment. The analysis of the overall development of provided tax incentives in the Slovak Republic is focused on the period from 2002 to 2018. The paper uses the method of analysis and synthesis together with the methods of tabular and graphical representation. Mathematical and statistical methods are used in individual calculations. On the one hand, it can be stated that tax incentives are important, even necessary, for countries, given the inflow of foreign capital, but on the other hand, domestic businesses are disadvantaged by which foreign investors disrupt the domestic business environment.

scholarly journals IMPACT OF INDUSTRY 4.0 ON GLOBAL VALUE CHAINS, BUSINESS MODELS AND FOREIGN DIRECT INVESTMENT

2021 ◽  
pp. 75-84
Author(s):  
D. Mukha
Keyword(s):  
Foreign Direct Investment ◽  
Multinational Corporations ◽  
Direct Investment ◽  
Industry 4.0 ◽  
Business Models ◽  
Industrial Revolution ◽  
Global Value Chains ◽  
Business Environment ◽  
Value Chains ◽  
The Impact

The article is devoted to the study of the phenomenon of Industry 4.0, the impact of the fourth industrial revolution on the key aspects of the companies’ economic activity, including multinational corporations. It was revealed how Industry 4.0 affects the placement and organization of global value chains. It was established that Industry 4.0 technologies contribute to the transformation of existing and the emergence of new (digital) business models, thanks to which companies can achieve a significant reduction in their own costs, gain additional income and enter international markets. It shows how Industry 4.0 can influence investment decisions, change the global flows and directions of foreign direct investment. As a result of the research, conclusions are drawn about the role of Industry 4.0 in the transformation of the business environment, industries, markets, and economy as a whole.

Exponential Technology, Industry 4.0 and Future of Jobs in India

2018 ◽  
Vol 10 (2) ◽  
pp. 138-157 ◽  
Author(s):  
R. A. Mashelkar
Keyword(s):  
Artificial Intelligence ◽  
Industry 4.0 ◽  
Data Analytics ◽  
Big Data Analytics ◽  
Mobile Internet ◽  
Technology Industry ◽  
Indian Context ◽  
Policy Measures ◽  
The Impact ◽  
New Jobs

Advance in technology leads to economic growth, and in turn to creation of new jobs, while making some old jobs obsolete. However, the rise of exponential technologies such as mobile internet, internet of things, big data analytics, artificial intelligence, etc. is disrupting this cycle dramatically, affecting jobs that used brawn as well as brain. This article analyses the impact of this shift in the Indian context and suggests several policy measures for government, industry and also institutions to prepare for the future of jobs in India, so that we do not face the grim prospect of jobless Indian growth. JEL: O00, 038, E24.

scholarly journals THE IMPACT OF INDUSTRY 4.0 ON EDUCATION CONTENTS

2021 ◽  
Vol 22 (1) ◽  
pp. 29-38
Author(s):  
Adriana Grenčíková ◽  
Marcel Kordoš ◽  
Valentinas Navickas
Keyword(s):  
Educational System ◽  
Vocational Training ◽  
Industry 4.0 ◽  
Structural Changes ◽  
Research Outcomes ◽  
Digital Skills ◽  
The Impact ◽  
Positive Effect ◽  
New Jobs ◽  
Interdisciplinary Thinking

New jobs will be created because of the Industry 4.0 concept implementation needs, employers will require new, especially digital skills and abilities from their employees. There is a need to change teaching and educational techniques in all types of schools, and instead of being specialized narrowly in one area, education should focus on a much broader overview, as people need to be educated in systemic and interdisciplinary thinking at all types of schools, including nontechnical ones. The main goal of the study is to identify areas on which the content of education should focused on in the future in terms to Industry 4.0. As research methods, a questionnaire survey was conducted in Slovak companies during the period of February – June 2019 along with statistical methods. The survey was carried out by random selection, 350 companies were contacted with a return of 220 responses. The research outcomes declare that changes in workforce qualification structure related to the Industry 4.0 concept implementation should have a positive effect on increasing the competitiveness of companies and increasing production effectivity. Based on the results it is proposed the expected positive changes should be transformed into enforcing the vocational training in companies and structural changes within the Slovak educational system.

Corruption as “one‑stop‑shop”: theory and empirical analysis

2018 ◽  
pp. 32-51
Author(s):  
R. Yu. Kochnev ◽  
L. I. Polishchuk ◽  
A. Yu. Rubin
Keyword(s):  
Comparative Analysis ◽  
Business Environment ◽  
Enterprise Performance ◽  
Double Jeopardy ◽  
One Stop ◽  
The Commons ◽  
Public Production ◽  
Performance Project ◽  
The Impact ◽  
Sector Theory

We present the comparative analysis of the impact of centralized and decentralized corruption for private sector. Theory and empirical evidence point out to a “double jeopardy” of decentralized corruption which increases the burden of corruption upon private firms and weakens the incentives of bureaucracy to provide public production inputs, such as infrastructure. These outcomes are produced by simultaneous free-riding and the tragedy of the commons effects. The empirical part of the paper utilizes data of the Business Environment and Enterprise Performance project.

THE IMPACT OF INFORMATION AND COMMUNICATION TECHNOLOGIES ON THE ECONOMY OF OUR COUNTRY

2020 ◽  
Vol 11 (3) ◽  
pp. 80-85
Author(s):  
Bekzod Bobomurodov ◽  
◽  
Dilfuza Akabirxodjayeva
Keyword(s):  
Information And Communication Technologies ◽  
Communication Technologies ◽  
Analytical Analysis ◽  
Information And Communication ◽  
The Impact

This article has discussed the importance of information and communication technologies for the economy of Uzbekistan and the ongoing reforms in this area. The purpose of the study is to give suggestions and recommendations for the development of ICT in Uzbekistan. In the article, an analytical analysis of employment in the field of ICT has been accomplished.

Environmental Scanning for Organisational Effectiveness: A Study of Select MSMEs of Jammu and Kashmir, India

2015 ◽  
Vol 4 (3) ◽  
Author(s):  
Vinay Chauhan ◽  
Sushma Kaushal
Keyword(s):  
Organizational Effectiveness ◽  
Business Environment ◽  
Two Dimensions ◽  
The State ◽  
The Other ◽  
Political Environment ◽  
Environmental Scanning ◽  
Jammu And Kashmir ◽  
Economic Dimension ◽  
The Impact

Environmental scanning yields greater anticipatory management that provides important inputs for aquitision and use of information for planning and designing organization strategies. Apart from this, effective environmental scanning activities are likely to deal with threats and grasp the opportunities to finally link with enhancing organizational effectiveness. In fact this relationship matrix has led the researchers to conduct an environmental scanning through an examination of the existing status the components of the macro-environment vis-a-vis their relationship with the organizational effectiveness. There are a number of approaches, which describe the macro-environment, of which PEST analysis is regarded as the most common approach for considering the external business environment. Thus, the present study applies PEST analysis to scan the existing business environment. Jammu and Kashmir due to its peculiar political, geographical, economic, and socio-cultural features, had led its cost mountain economy become a distinctive identity. Despite the fact that the state has rich endowments, international relations with its neighbours vis-a-vis its impact on political environment also pose developmental challenges for the business units operating in the state. This has provided valid rationale for conducting the present. The environmental scanning is done through the perception of the select entrepreneurs operating MSMEs in the state of J & K. An impact analysis of environmental factors (PEST) on the organizational effectiveness is also done in the study. The findings of the study show that the political environment of the state that is not favourable for entrepreneural development whereas the rest of the other drivers of PEST i.e. economic environment, socio-cultural environment, and technological environment show a favourable response of the entrepreneurs. In terms of cause and effect relationship, it is found that the first two drivers of the PEST i.e. political and economic dimension impacts OE positively whereas the other two dimensions namely socio-cultural and technological impacts OE negatively but it is pertinent to mention that the impact is very less and is insigninificant. The study also suggests some of strategic options for developing and creating an enabling environment for successful entrepreneurial development to achieve integrated development of the state.

scholarly journals The Impact of Big Data on Electronic Commerce in Profit Organisations in Saudi Arabia

2019 ◽  
Vol 10 (4) ◽  
pp. 106
Author(s):  
Bader A. Alyoubi
Keyword(s):  
Saudi Arabia ◽  
Big Data ◽  
Inventory Management ◽  
New Technologies ◽  
Predictive Analytics ◽  
Business Environment ◽  
Primary Data ◽  
Research Approach ◽  
Multiple Sources ◽  
The Impact

Big Data is gaining rapid popularity in e-commerce sector across the globe. There is a general consensus among experts that Saudi organisations are late in adopting new technologies. It is generally believed that the lack of research in latest technologies that are specific to Saudi Arabia that is culturally, socially, and economically different from the West, is one of the key factors for the delay in technology adoption in Saudi Arabia. Hence, to fill this gap to a certain extent and create awareness about Big Data technology, the primary goal of this research was to identify the impact of Big Data on e-commerce organisations in Saudi Arabia. Internet has changed the business environment of Saudi Arabia too. E-commerce is set for achieving new heights due to latest technological advancements. A qualitative research approach was used by conducting interviews with highly experienced professional to gather primary data. Using multiple sources of evidence, this research found out that traditional databases are not capable of handling massive data. Big Data is a promising technology that can be adopted by e-commerce companies in Saudi Arabia. Big Data’s predictive analytics will certainly help e-commerce companies to gain better insight of the consumer behaviour and thus offer customised products and services. The key finding of this research is that Big Data has a significant impact in e-commerce organisations in Saudi Arabia on various verticals like customer retention, inventory management, product customisation, and fraud detection.

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