Incorporating Industry 4.0 in Corporate Strategy

Anirudh Agrawal, Sebastian Schaefer, Thomas Funke

Research output: Chapter in Book/Report/Conference proceedingBook chapterResearchpeer-review

Abstract

Knowledge tells us that increase in productivity decreases margins in a competitive market and increases margins in a growing market. Not much is known about Industry 4.0 and its position within the corporate strategy and its possible impact on corporate performance. This chapter discusses the position of Industry 4.0 within the corporate strategy and how it may impact corporate performance. The main points include that corporates have to reflect on their core resources, leadership, and knowledge portfolio to take advantage of the Industry 4.0 platform. The corporates engaging in cost and volume strategies and those engaging in fast new product development strategies may benefit greatly with Industry 4.0. The services of Industry 4.0 may be outsourced but with added risks. Finally, the increased productivity with Industry 4.0 under constraint market growth may lead to the potential risk of market failure and large-scale layoffs.
Original languageEnglish
Title of host publicationAnalyzing the Impacts of Industry 4.0 in Modern Business Environments
EditorsRichard Brunet-Thornton, Felipe Martinez
Number of pages16
Place of PublicationHersley, PA
PublisherIGI global
Publication date2018
Pages161-176
Chapter9
ISBN (Print)1522534687, 9781522534686
ISBN (Electronic)9781522534693
DOIs
Publication statusPublished - 2018

Cite this

Agrawal, A., Schaefer, S., & Funke, T. (2018). Incorporating Industry 4.0 in Corporate Strategy. In R. Brunet-Thornton, & F. Martinez (Eds.), Analyzing the Impacts of Industry 4.0 in Modern Business Environments (pp. 161-176). Hersley, PA: IGI global. https://doi.org/10.4018/978-1-5225-3468-6.ch009
Agrawal, Anirudh ; Schaefer, Sebastian ; Funke, Thomas. / Incorporating Industry 4.0 in Corporate Strategy. Analyzing the Impacts of Industry 4.0 in Modern Business Environments. editor / Richard Brunet-Thornton ; Felipe Martinez. Hersley, PA : IGI global, 2018. pp. 161-176
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Agrawal, A, Schaefer, S & Funke, T 2018, Incorporating Industry 4.0 in Corporate Strategy. in R Brunet-Thornton & F Martinez (eds), Analyzing the Impacts of Industry 4.0 in Modern Business Environments. IGI global, Hersley, PA, pp. 161-176. https://doi.org/10.4018/978-1-5225-3468-6.ch009

Incorporating Industry 4.0 in Corporate Strategy. / Agrawal, Anirudh; Schaefer, Sebastian; Funke, Thomas.

Analyzing the Impacts of Industry 4.0 in Modern Business Environments. ed. / Richard Brunet-Thornton; Felipe Martinez. Hersley, PA : IGI global, 2018. p. 161-176.

Research output: Chapter in Book/Report/Conference proceedingBook chapterResearchpeer-review

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Agrawal A, Schaefer S, Funke T. Incorporating Industry 4.0 in Corporate Strategy. In Brunet-Thornton R, Martinez F, editors, Analyzing the Impacts of Industry 4.0 in Modern Business Environments. Hersley, PA: IGI global. 2018. p. 161-176 https://doi.org/10.4018/978-1-5225-3468-6.ch009