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Division of Enterprises and Their Strategies in Relation to Industry 4.0

Author

Listed:
  • Jaroslav Vrchota
  • Miroslava Vlčková
  • Zuzana Frantíková

Abstract

In today's turbulent times, businesses must cope with an increasing focus on digital technology, automation and robotics systems. It represents the fourth industrial revolution, called Industry 4.0. The goals of Industry 4.0 are achieving higher levels of operational efficiency and productivity, as well as a higher level of automation. Concerning Industry 4.0, therefore, not only the technological aspect but also the size of the organization, the scope of business by industry and other elements are considered and analyzed based on Mann-Whitney U test and Fisher test. According to statistical analysis, it was found that the size of the company affects its relationship to Industry 4.0, and we can say that the larger the business, the more it is affected by Industry 4.0. This influence was manifested primarily in companies operating in the field of commercial activities, or Agriculture and Construction. In terms of the relationship between the written strategy and Industry 4.0, it can be stated that the link between them has occurred in small and medium-sized enterprises operating in the areas of Professional and Administrative Activities, Manufacturing and Wholesale, Transport and Accommodation. In contrast, this effect has not been proven in micro-enterprises.Implications for a Central European audience: The paper primarily deals with the analysis of the relationship between enterprise size and Industry 4.0 and the study of the relationship between the division of enterprises by industry in relation to CZ-NACE. A significant difference was found between the enterprises affected and unaffected by Industry 4.0 when evaluating the size of the enterprise. Enterprises involved by Industry 4.0 employ more workers, which may be due to the introduction of automation and robotic automation, which means the initial phase. As the results further show, the written strategy is mostly the domain of medium-sized enterprises, with only 29 % of micro-enterprises and 41 % of small enterprises having it defined.

Suggested Citation

  • Jaroslav Vrchota & Miroslava Vlčková & Zuzana Frantíková, 2020. "Division of Enterprises and Their Strategies in Relation to Industry 4.0," Central European Business Review, Prague University of Economics and Business, vol. 2020(4), pages 27-44.
    • Handle: RePEc:prg:jnlcbr:v:2020:y:2020:i:4:id:243:p:27-44
    DOI: 10.18267/j.cebr.243
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    References listed on IDEAS

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    1. Andrea Szalavetz, 2017. "The Environmental Impact of Advanced Manufacturing Technologies: Examples from Hungary," Central European Business Review, Prague University of Economics and Business, vol. 2017(2), pages 18-29.
    2. Roger Flanagan & Weisheng Lu & Liyin Shen & Carol Jewell, 2007. "Competitiveness in construction: a critical review of research," Construction Management and Economics, Taylor & Francis Journals, vol. 25(9), pages 989-1000.
    3. Frey, Carl Benedikt & Osborne, Michael A., 2017. "The future of employment: How susceptible are jobs to computerisation?," Technological Forecasting and Social Change, Elsevier, vol. 114(C), pages 254-280.
    4. Samuel Amponsah Odei & Jan Stejskal, 2018. "The Influence of Knowledge Sources on Firm-Level Innovation: The Case of Slovak and Hungarian Manufacturing Firms," Central European Business Review, Prague University of Economics and Business, vol. 2018(2), pages 61-74.
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    Cited by:

    1. Sylvia Jenčová & Petra Vašaničová & Marta Miškufová, 2023. "Multidimensional Evaluation of EU and Slovakia in the Context of Digital Transformation," Central European Business Review, Prague University of Economics and Business, vol. 2023(1), pages 65-95.

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    More about this item

    Keywords

    enterprise size; CZ-NACE; Industry 4.0; strategy; management of the company;
    All these keywords.

    JEL classification:

    • L25 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Performance
    • M10 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - General
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes

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