Business Models for Industry 4.0: Concepts and Challenges in SME Organizations

Description

Utilizing Industry 4.0 technologies is essential to meet consumer expectations of personalized products and services but not without obstacles and challenges. This book provides comprehensive knowledge on the operating conditions and challenges of small- and medium-sized enterprises operating in the era of Industry 4.0 and proposes a Business Model 4.0 concept. The authors provide insights on the general conditions for the development of Economy 4.0 and Society 5.0, the expectations of modern consumers in product personalization, customization, servitization and the SME sector's requirements. In addition, the book offers a business model of cooperation between enterprises and the concept of rapid network prototyping methodology for the implementation of personalized products. It proposes the creation of e-business platforms that will allow for better integration of the customer with the manufacturer and the possibility of greater involvement in product configurations. The empirical research offered in this book will provide valuable insights for scholars and upper-level students across business disciplines, including strategic management, entrepreneurship, technology and innovation management. Cover Half Title Series Title Copyright Contents List of figures List of tables Introduction 1 Contemporary socioeconomic challenges for business models Intelligent society creating an Economy 4.0 Society 5.0 and Industry 4.0 Sustainable production versus sustainable consumption Challenges of SME sector in the era of Economy 4.0 concept 2 Megatrends of the Fourth Industrial Revolution determining changes in business models Technological environment – digitalization of industrial processes Business networks of cooperating enterprises of Industry 4.0 Customization of production and expectations of a modern customer – personalization Servitization of industrial production 3 The Fourth Industrial Revolution as a new environment for business models Fourth Industrial Revolution – Industry 4.0 Smart factories of the future Network forms of cooperation between small and medium enterprises 4 A concept for planning cyber-physical production networks Customer and manufacturer integration platform model Concept of network prototyping methodology The importance of collaboration and networking for the SME sector 5 The concept of Business Model 4.0 Business model – theoretical approach Business models focused on the process of creating competitiveness, innovation and value Architecture of Business Model 4.0 6 Measures for Business Model 4.0 Balanced scorecard for Business Model 4.0 Key performance indicators (KPIs) Conclusion Index