A Model for Success in Agribusiness in the Portuguese Context

2021 ◽  
pp. 355-371
Author(s):  
Carla Sofia Vicente Negrão
Keyword(s):  
Industry 4.0 ◽  
Industrial Revolution ◽  
Holistic Approach ◽  
Theoretical Framework ◽  
Technological Advance ◽  
Three Dimensions ◽  
Business Success ◽  
Explanatory Variables ◽  
And Performance ◽  
The Impact

In an increasingly digital environment that results in the technological advance of the fourth Industrial Revolution, it becomes interesting to understand the agribusiness success in a digital economy. The purpose of this chapter is to develop a theoretical framework for agribusiness success in Industry 4.0, so that future empirical research could be carried out. The research uses a literature review based on business success. First, it is essential to explore business success and then its determinants. Based on a holistic approach, a new conceptual model for agribusiness success is developed in three dimensions: growth, productivity, and performance, whether enterprises use e-business or not. The researcher suggests the impact of e-commerce, internationalization, strategic alignment, and managers characteristics as explanatory variables of the agribusiness success. The theoretical framework provides a different way forward for both managers and business advisors about what are the agribusiness success and those factors that may explain it.

scholarly journals PREDICTORS OF INDUSTRY 4.0 TECHNOLOGIES AFFECTING LOGISTIC ENTERPRISES’ PERFORMANCE: INTERNATIONAL PERSPECTIVE FROM ECONOMIC LENS

2020 ◽  
Vol 26 (6) ◽  
pp. 1263-1283
Author(s):  
Beata Ślusarczyk ◽  
Manuela Tvaronavičienė ◽  
Adnan Ul Haque ◽  
Judit Oláh
Keyword(s):  
Industry 4.0 ◽  
Industrial Revolution ◽  
International Perspective ◽  
Sampling Strategies ◽  
Implementation Barriers ◽  
Fourth Industrial Revolution ◽  
And Performance ◽  
National Economies ◽  
The Impact ◽  
The Relationship

This study examines the influence of the fourth industrial revolution on global and national economies by considering the case of Hungary, Canada and Poland. The research compares local logistic business to gain insight about the implementation of Industry 4.0 practices through exploring existing limited knowledge, preparing staff for challenges, implementation barriers, recognizing potentials and implications of Industry 4.0. Using mixed sampling strategies, we gathered data from 180 logistic enterprises (60 each in considered economies) and established the multi-predictors to investigate the relationship between Industry 4.0 technologies and performance of enterprises. Results revealed that all considered predictors are statistically significant in affecting the impact of Industry 4.0 technologies on the performance of enterprises in all three economies. However, the magnitude of impact differs to some extent. The authors propose recommendations for implications of Industry 4.0 technologies.

THE FOURTH INDUSTRIAL REVOLUTION (INDUSTRY 4.0) A SOCIAL INNOVATION PERSPECTIVE

2018 ◽  
Author(s):  
Klaus Schwab
Keyword(s):  
Industry 4.0 ◽  
Industrial Revolution ◽  
Social Innovation ◽  
Holistic Approach ◽  
Socioeconomic Impact ◽  
Fourth Industrial Revolution ◽  
Technological Developments ◽  
Rapid Pace ◽  
Sustainable System ◽  
Industrial Revolutions

The rapid pace of technological developments played a key role in the previous industrial revolutions. However, the fourth industrial revolution (Industry 4.0) and its embedded technology diffusion progress is expected to grow exponentially in terms of technical change and socioeconomic impact. Therefore, coping with such transformation require a holistic approach that encompasses innovative and sustainable system solutions and not just technological ones. In this article, we propose a framework that can facilitate the interaction between technological and social innovation to continuously come up with proactive, and hence timely, sustainable strategies. These strategies can leverage economic rewards, enrich society at large, and protect the environment. The new forthcoming opportunities that will be generated through the next industrial wave are gigantic at all levels. However, the readiness for such revolutionary conversion require coupling the forces of technological innovation and social innovation under the sustainability umbrella.

scholarly journals Effects of Industry 4.0 on the Labor Markets of Iran and Japan

Economies ◽  
2018 ◽  
Vol 6 (3) ◽  
pp. 39 ◽  
Author(s):  
Majid Ziaei Nafchi ◽  
Hana Mohelská
Keyword(s):  
Labor Markets ◽  
Industry 4.0 ◽  
Industrial Revolution ◽  
Developed Countries ◽  
Cyber Physical Systems ◽  
Physical Systems ◽  
Science Technology ◽  
Levels Of Automation ◽  
Technology And Economy ◽  
The Impact

Industry 4.0 is the essence of the fourth Industrial revolution and is happening right now in manufacturing by using cyber-physical systems (CPS) to reach high levels of automation. Industry 4.0 is especially beneficial in highly developed countries in terms of competitive advantage, but causes unemployment because of high levels of automation. The aim of this paper is to find out if the impact of adopting Industry 4.0 on the labor markets of Iran and Japan would be the same, and to make analysis to find out whether this change is possible for Iran and Japan with their current infrastructures, economy, and policies. With the present situation of Iran in science, technology, and economy, it will be years before Iran could, or better say should, implement Industry 4.0. Japan is able to adopt Industry 4.0 much earlier than Iran and with less challenges ahead; this does not mean that the Japanese labor market would not be affected by this change but it means that those effects would not cause as many difficulties as they would for Iran.

scholarly journals THE IMPACT OF THE COVID-19 PANDEMIC ON INDUSTRY 4.0 IN THE CONTEXT OF GLOBAL ECONOMIC DEVELOPMENT

InterConf ◽  
2021 ◽  
pp. 54-59
Author(s):  
Bohdana Hunko
Keyword(s):  
Economic Development ◽  
Industry 4.0 ◽  
Global Economy ◽  
Industrial Revolution ◽  
Negative Consequences ◽  
Negative Effects ◽  
Technology Industry ◽  
World Economic ◽  
The Impact

The paper analyzes the role of Industry 4.0 in the process of overcoming the global economy from the crisis situation associated with the total Covid-19 pandemic. The aspect of economic profitability of using the technologies of the fourth industrial revolution to improve world economic development in the context of the Covid-19 pandemic was also identified. The author identified the positive and negative consequences of the involvement of technology Industry 4.0, on the basis of which a number of recommendations for small and medium-sized businesses were formed in order to quickly overcome the negative effects of the crisis. Based on the work, the author formulated a number of trends and prospects for global economic development, taking into account the current conditions of the Covid-19 pandemic.

Procurement 4.0: factors influencing the digitisation of procurement and supply chains

2018 ◽  
Vol 24 (4) ◽  
pp. 965-984 ◽  
Author(s):  
Florian Bienhaus ◽  
Abubaker Haddud
Keyword(s):  
Supply Chains ◽  
Industry 4.0 ◽  
Online Survey ◽  
Business Models ◽  
Industrial Revolution ◽  
Primary Data ◽  
Content Type ◽  
Procurement Process ◽  
Enabling Technologies ◽  
The Impact

Purpose While digitisation is a key driver of the fourth industrial revolution (Industry 4.0); organisations have different approaches to deal with this topic to get a clearer picture of the opportunities and challenges concerning the digital transformation. The purpose of this paper is to identify the impact of digitisation on procurement and its role within the area of supply chain management. The research will also explore potential barriers to digitising procurement and supply chains and ways to overcome them. Finally, the significance of potential enabling technologies to the digitisation will also be examined. Design/methodology/approach A quantitative approached utilising an online survey was used to collect the primary data for this study. Data were collected from 414 participants directly involved with procurement or related business functions and work for different organisations in different industries. The survey included eight items about the impact of digitisation on organisational performance in the area of procurement and supply chains; ten items related to key barriers to digitisation of organisations and ways to overcome them; and seven items about enabling technologies to leverage procurement procedures and processes digitisation. All of these items utilised the Likert five-point level of agreement scale. Findings The findings indicate that digitisation of procurement process can yield several benefits including: supporting daily business and administrative tasks, supporting complex decision-making processes, procurement will become more focussed on strategic decisions and activities, procurement will become a strategic interface to support organisational efficiency, effectiveness, and profitability, and supporting the creation of new business models, products, and services. The authors were also able to confirm that there are barriers to digitising procurement process and supply chains and such barriers found in existing procedures, processes, capacities, and capabilities. Finally, the significance of a number of enabling technologies to the digitisation process was revealed. Originality/value To the best of the authors’ knowledge, this is the first study of its kind with participants located world-wide. Industry 4.0 as a topic had been explored within different business areas and functions but very limited research specifically explored potential impact, barriers, and enabling technologies of procurement 4.0. The results can be beneficial for organisations already implemented Industry 4.0 or planning to do so. The study can also benefit academic scholars interested in the researched topic, business professionals, organisations within different sectors, and any other party interested in understanding more the concept of procurement 4.0.

The Impact of Cryptocurrencies on the General Powers and Duties of South African Insolvency Practitioners

2021 ◽  
Vol 33 (2) ◽  
pp. 289-318
Author(s):  
Sidasha Singh ◽  
Juanitta Calitz
Keyword(s):  
South African ◽  
Industry 4.0 ◽  
Industrial Revolution ◽  
Insolvency Law ◽  
International Courts ◽  
Fourth Industrial Revolution ◽  
Legal Position ◽  
The Subject ◽  
Regulatory Model ◽  
The Impact

Within the context of the fourth industrial revolution, cryptocurrencies pose several challenges in the framework of corporate insolvency law. In South African law, no statutory framework vis-à-vis cryptocurrencies, such as Bitcoin, currently exists. This has however not prevented entities from engaging in the cryptocurrency market. The specific dilemma is that insolvency practitioners do not have legislative guidelines to assist them in dealing with the subject of cryptocurrencies. Consequently, international judicial developments must be consulted and analysed with the aim to close the gap between the legislature and Industry 4.0. This article unpacks the South African legal position on cryptocurrencies within the context of the statutory powers and duties of insolvency practitioners. It engages in an analysis of selected international courts cases that have dealt with the concept of cryptocurrencies within the context of insolvent estates and continues to make recommendations for the development of an efficient and effective regulatory model.

Industry 4.0 and Sustainability

2020 ◽  
pp. 67-84
Author(s):  
Sibel Yildiz Çankaya ◽  
Bülent Sezen
Keyword(s):  
Sustainable Development ◽  
Global Warming ◽  
Natural Resources ◽  
Industry 4.0 ◽  
Business Models ◽  
Industrial Revolution ◽  
New Business ◽  
The Impact ◽  
Industrial Revolutions ◽  
New Business Models

Modern industry developed over several centuries and three industrial revolutions. Today, we experience the fourth era of the industrial revolution, Industry 4.0. The advance of industrialization brought along many problems, including environmental pollution, global warming, and depletion of natural resources. As a result, the concept of sustainability began to gain importance. Sustainability can be achieved through a balance between economic, social, and environmental processes. In order to establish such balance, businesses need new business models or insights. At this point, Industry 4.0 can be regarded as a new business mindset that will help businesses and communities move towards sustainable development. The technologies used by Industry 4.0 bear a strong promise to solve these problems, after all. Even though Industry 4.0 attracts a lot of attention lately, few works are available on its impact on sustainability. This chapter examines the impact of Industry 4.0 on sustainability.

Regulating Digital Transformation

2021 ◽  
pp. 161-183
Author(s):  
Belal Hafnawi
Keyword(s):  
Artificial Intelligence ◽  
Cloud Computing ◽  
Industry 4.0 ◽  
Industrial Revolution ◽  
Digital Transformation ◽  
Small Scale ◽  
The Core ◽  
Road Map ◽  
Regulatory Frameworks ◽  
The Impact

Digital transformation is the core value of the 4th industrial revolution or Industry 4.0. Although the efforts are focused on utilization and usage of technologies like artificial intelligence, internet of things, cloud computing, and many other technologies. We should focus in parallel on regulating the technologies to provide the proper road map and put the proper regulatory frameworks to remove uncertainties in development, investment, or implementation of technologies. Regulatory effectiveness is very important in saving time and rolling out technologies. In one initiative, regulatory technology (RegTech) will utilize the technology to enhance the regulatory process in financial sector; Regulation 4.0 is another; however, plenty of work is still ahead. Some regulators are keen to facilitate the emerging technologies and to see the consequences immediately, thus they use sandbox thinking in evaluating the impact at a small scale. In summary, this chapter will highlight the different practices and methodologies to regulate the digital transformation in the best way.

The Impact of New Technology on Society and Workforce in Production in the Era of Industry 4.0

2021 ◽  
pp. 1202-1218
Author(s):  
Cem Zafer ◽  
Pelin Vardarlier
Keyword(s):  
Human Resources ◽  
Social Structure ◽  
20Th Century ◽  
Industry 4.0 ◽  
Industrial Revolution ◽  
New Technology ◽  
The Internet ◽  
Initial Stage ◽  
The Social ◽  
The Impact

The industrial revolution, which took place in the 20th century, is the first step of similar developments in the ongoing centuries. In the first steps of this century, the use of steam machines in production is the first steps of a more serial and systematic production structure. With the advancing developments up to the industrial revolution or Industry 4.0, a structure quite different from the initial stage was formed. In the most general sense, the Industry 4.0 structure, defined as the internet of objects, emerges with a more systematic and self-functioning structure discourse in its production activities, but its effects are not only related to production activities. As a matter of fact, the use of Industry 4.0 at the point reached, human resources, employment, social classes, communities, and so on. It is thought to be effective on the structures. In this context, in this study, the effects of the social impacts of these processes and the ways in which Industry 4.0 can create a social structure have been explained.

Technological Developments

2021 ◽  
pp. 1464-1487
Author(s):  
Hande Mutlu Ozturk
Keyword(s):  
Industry 4.0 ◽  
Industrial Revolution ◽  
Industrial Sector ◽  
The Past ◽  
Industrial Sectors ◽  
Tourism Sector ◽  
Technological Developments ◽  
The Impact

Technological developments in recent years have been affecting the lives of people and societies more rapidly than in the past. Developments in the field of communication, robotics, transportation, etc. are called the 4th Industrial Revolution or Industry 4.0 in the industrial sector. Technological developments have created great changes in the services and industrial sectors. Industry 4.0 has also led to changes in the transformation of the tourism sector and is likely to occur in future processes. This chapter examines the impact of Industry 4.0 on the tourism sector.

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