Kuznets (Simon) - Modem Economie Growth.

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The Industrial Revolution in World History

R.U.R. (Rossum's Universal Robots)

Giant brains or machines that think

Agility is the dynamic capability of an organization which helps it to manage a change and uncertainties in the environment. The purpose of this research is to review the literature from the perspective of agility in Industry 4.0. This paper systematically reviews 381 relevant articles from peer-reviewed academic journals in the period of the last five years. The results show that agility is important for an organization to adopt Industry 4.0 technologies as it helps companies to cope with the changes that arise along with the adoption of Industry 4.0 technologies. Further, it also indicates that by adopting Industry 4.0 technologies, companies can significantly enhance their agility capability into various aspects with different technologies. The technologies which enhance the agility are: smart manufacturing, internet of things, cyber-physical system, big data and analytics and cloud computing. On the other hand, important aspects of agility include supply chain, workforce, information system, facilities, management, manufacturing and technology agility.

Organizational Agility in Industry 4.0: A Systematic Literature Review

Radical changes resulting from the Fourth Industrial Revolution strongly affect industrialized European countries. In particular, due to the new technologies that are characteristic of Industry 4.0, it will be essential for companies to make the necessary changes and achieve competitiveness through the implementation of these technologies. In order for companies to be able to make radical changes and innovations, they need to secure all the supporting areas in their organization. This research paper is focused on comparison of companies from Slovakia, Czech Republic, Austria, Germany and Switzerland in the context of readiness for Industry 4.0. This research was part of a research project, while data were collected in the period of 2015–2016. We have analysed companies from selected countries based on 7 areas which are closely interconnected with the business transformation and technology transformation coming from Industry 4.0. The main analysed questions focused on areas such as employee education and training, organizational culture, strategy, or organizational processes, that will be most affected by radical changes in the environment. Research has highlighted the differences between countries as a result of long-standing cultural differences, but at the same time identified the unified influence of the ongoing global debate on the need for technological innovation. With Slovak and Czech companies being below stronger innovators in the maturity of education systems, we strongly advise considering partnering in education which can bring valuable information to businesses that want to take on the wave of innovation.

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Internal factors supporting business and technological transformation in the context of Industry 4.0

Technological changes that come with industrial revolution have largely affected businesses, as well as society. With the current technological shift and Fourth Industrial Revolution, many questions arise regarding the impacts and effects on current ways businesses operate. This study presents a retrospective analysis and overview of previous industrial revolutions. The aim of the retrospective analysis is to identify common characteristics that may lead to lessons learned for the forthcoming Fourth Industrial Revolution and thus complement the current debate on technological change. All previous industrial revolutions have led to change in business environments and new challenges for managers and owners. The findings show that all previous revolutions have led to increase in the number of service jobs created. The key approach of successful countries during the times of industrial revolution has included education as the source of new skills and knowledge necessary for adaption. Countries that were able to produce high skilled people could not only invent, but also adapt to new technologies sooner than others. Similarly, these approaches included introduction of new managerial practices in order to be able to utilize new technologies and new skilled workers effectively. The research article processes secondary data together with literature review on this topic.

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Industrial Revolutions and their impact on managerial practice: Learning from the past

Application of agile management methods in companies operating in Slovakia and the Czech Republic

Although the concept of Industry 4.0 is newer, more and more companies are responding to this concept and incorporating it into their business models. Industry 4.0 arose as a result of the development of new technologies based on automation, through which technologies can communicate with each other. The aim of this study is to analyze the impact of Industry 4.0 on companies from the point of view of the value chain model. The study points out why the model is a suitable tool for evaluating changes. The research consisted of 1164 respondents, while the sample consisted of 591 Czech companies and 573 Slovak companies. We found that 62% of companies carry out activities in the field of robotization and automation to a large extent, and 32% carry out these activities little or not at all. Regarding the impact of Industry 4.0 on individual activities in the value chain, we found that companies expect the greatest impact on technological development (secondary activity) and customer service (primary activity). On the contrary, they least expect the impact of Industry 4.0 in the primary activities of input logistics and operation. From this point of view, we can say that companies perceive the impact of Industry 4.0 on the activities taking place in their value chains. However, it is important to capture these changes, react appropriately to them and remain competitive.

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Impact of Industry 4.0 on Companies: Value Chain Model Analysis

Sustaining a competitive position on the market has become crucial in order to survive in the dynamic environment under the influence of Industry 4.0. Industrial and service sectors have been affected by new technologies, such as automation, robotization, VR, AR or Big data, and their strategies towards future innovation and focus need to be reevaluated. This requires a revision of theoretical models that assess the external environment and following opportunities and threats. Our original study of 573 Slovak companies presents an analysis of Porter’s five competitive forces in the context of innovation activities and perceived impact of Industry 4.0 on companies. The research results provide a deep insight on the relevance of company size, maturity or sector to the different perspectives of the P5F model, as well as make clear the impact of each force on company measures and activities conducted in recent years. Our findings point to the strong technology push and main focus on product innovation, while reveal a paradigm shift in perceiving the power of suppliers. Results of our study lead to practical implications and enrich the theory on the relevance of strategic analysis in current era.

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Nikola Salajová

Papers

Internal factors supporting business and technological transformation in the context of Industry 4.0

Industrial Revolutions and their impact on managerial practice: Learning from the past

Application of agile management methods in companies operating in Slovakia and the Czech Republic

Impact of Industry 4.0 on Companies: Value Chain Model Analysis

Re-Thinking Industry 4.0 Effect on Competitive Forces: Empirical Study on Innovation