IDEAS home Printed from https://ideas.repec.org/a/gam/jsusta/v15y2023i3p2637-d1054556.html
   My bibliography  Save this article

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

Author

Listed:
  • Lucia Kohnová

    (Faculty of Management, Comenius University Bratislava, Odbojárov 10, 820 05 Bratislava, Slovakia)

  • Nikola Salajová

    (Faculty of Management, Comenius University Bratislava, Odbojárov 10, 820 05 Bratislava, Slovakia)

Abstract

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.

Suggested Citation

  • Lucia Kohnová & Nikola Salajová, 2023. "Re-Thinking Industry 4.0 Effect on Competitive Forces: Empirical Study on Innovation," Sustainability, MDPI, vol. 15(3), pages 1-22, February.
    • Handle: RePEc:gam:jsusta:v:15:y:2023:i:3:p:2637-:d:1054556
    as

    Download full text from publisher

    File URL: https://www.mdpi.com/2071-1050/15/3/2637/pdf
    Download Restriction: no
    File URL: https://www.mdpi.com/2071-1050/15/3/2637/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Christine Zhenwei Qiang & Yan Liu & Victor Steenbergen, 2021. "An Investment Perspective on Global Value Chains," World Bank Publications - Books, The World Bank Group, number 35526, December.
    2. Katarína Stachová & Ján Papula & Zdenko Stacho & Lucia Kohnová, 2019. "External Partnerships in Employee Education and Development as the Key to Facing Industry 4.0 Challenges," Sustainability, MDPI, vol. 11(2), pages 1-19, January.
    3. Chand, Parmod, 2011. "William R. Scott , Financial accounting theory (5th edition), Pearson education, Toronto, Canada (2009) ISBN 978-0-13-207286-1 xiii + 546 pages, CDN$ 122.35, [euro]70.03," The International Journal of Accounting, Elsevier, vol. 46(1), pages 105-108, March.
    4. Frank, Alejandro G. & Mendes, Glauco H.S. & Ayala, Néstor F. & Ghezzi, Antonio, 2019. "Servitization and Industry 4.0 convergence in the digital transformation of product firms: A business model innovation perspective," Technological Forecasting and Social Change, Elsevier, vol. 141(C), pages 341-351.
    5. Pietrobelli, Carlo & Puppato, Fernanda, 2016. "Technology foresight and industrial strategy," Technological Forecasting and Social Change, Elsevier, vol. 110(C), pages 117-125.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Kajikawa, Yuya & Mejia, Cristian & Wu, Mengjia & Zhang, Yi, 2022. "Academic landscape of Technological Forecasting and Social Change through citation network and topic analyses," Technological Forecasting and Social Change, Elsevier, vol. 182(C).
    2. Bootz, Jean-Philippe & Michel, Sophie & Pallud, Jessie & Monti, Régine, 2022. "Possible changes of Industry 4.0 in 2030 in the face of uberization: Results of a participatory and systemic foresight study," Technological Forecasting and Social Change, Elsevier, vol. 184(C).
    3. Violeta Sima & Ileana Georgiana Gheorghe & Jonel Subić & Dumitru Nancu, 2020. "Influences of the Industry 4.0 Revolution on the Human Capital Development and Consumer Behavior: A Systematic Review," Sustainability, MDPI, vol. 12(10), pages 1-28, May.
    4. Thuy Duong Oesterreich & Julian Schuir & Frank Teuteberg, 2020. "The Emperor’s New Clothes or an Enduring IT Fashion? Analyzing the Lifecycle of Industry 4.0 through the Lens of Management Fashion Theory," Sustainability, MDPI, vol. 12(21), pages 1-29, October.
    5. Alkaraan, Fadi & Elmarzouky, Mahmoud & Hussainey, Khaled & Venkatesh, V.G., 2023. "Sustainable strategic investment decision-making practices in UK companies: The influence of governance mechanisms on synergy between industry 4.0 and circular economy," Technological Forecasting and Social Change, Elsevier, vol. 187(C).
    6. Paolo E. Giordani & Francesco Rullani, 2020. "The Digital Revolution and COVID-19," Working Papers 06, Department of Management, Università Ca' Foscari Venezia.
    7. Zdenka Gyurák Babeľová & Augustín Stareček & Dagmar Cagáňová & Martin Fero & Miloš Čambál, 2019. "Perceived Serviceability of Outplacement Programs as a Part of Sustainable Human Resource Management," Sustainability, MDPI, vol. 11(17), pages 1-21, August.
    8. Lazar Gitelman & Mikhail Kozhevnikov & Olga Ryzhuk, 2019. "Advance Management Education for Power-Engineering and Industry of the Future," Sustainability, MDPI, vol. 11(21), pages 1-23, October.
    9. Hua Zhang & Qiwang Zhang, 2023. "How Does Digital Transformation Facilitate Enterprise Total Factor Productivity? The Multiple Mediators of Supplier Concentration and Customer Concentration," Sustainability, MDPI, vol. 15(3), pages 1-18, January.
    10. Tortorella, Guilherme Luz & Narayanamurthy, Gopalakrishnan & Thurer, Matthias, 2021. "Identifying pathways to a high-performing lean automation implementation: An empirical study in the manufacturing industry," International Journal of Production Economics, Elsevier, vol. 231(C).
    11. Morteza Ghobakhloo & Mohammad Iranmanesh & Andrius Grybauskas & Mantas Vilkas & Monika Petraitė, 2021. "Industry 4.0, innovation, and sustainable development: A systematic review and a roadmap to sustainable innovation," Business Strategy and the Environment, Wiley Blackwell, vol. 30(8), pages 4237-4257, December.
    12. Ancillai, Chiara & Sabatini, Andrea & Gatti, Marco & Perna, Andrea, 2023. "Digital technology and business model innovation: A systematic literature review and future research agenda," Technological Forecasting and Social Change, Elsevier, vol. 188(C).
    13. Miloš Hitka & Silvia Lorincová & Milota Vetráková & Iveta Hajdúchová & Imrich Antalík, 2020. "Factors related to gender and education affecting the employee motivation," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 7(4), pages 3226-3241, June.
    14. Jinkyo Shin & Md Alamgir Mollah & Jaehyeok Choi, 2023. "Sustainability and Organizational Performance in South Korea: The Effect of Digital Leadership on Digital Culture and Employees’ Digital Capabilities," Sustainability, MDPI, vol. 15(3), pages 1-15, January.
    15. Kohtamäki, Marko & Parida, Vinit & Patel, Pankaj C. & Gebauer, Heiko, 2020. "The relationship between digitalization and servitization: The role of servitization in capturing the financial potential of digitalization," Technological Forecasting and Social Change, Elsevier, vol. 151(C).
    16. Jacob A. Jordaan, 2023. "Firm‐level characteristics and the impact of COVID‐19: Examining the effects of foreign ownership and international trade," The World Economy, Wiley Blackwell, vol. 46(7), pages 1967-1998, July.
    17. Rongrong Zhou & Decai Tang & Dan Da & Wenya Chen & Lin Kong & Valentina Boamah, 2022. "Research on China’s Manufacturing Industry Moving towards the Middle and High-End of the GVC Driven by Digital Economy," Sustainability, MDPI, vol. 14(13), pages 1-30, June.
    18. Queenie Lyn G. Almerez & Arnold M. Duping, Ph.D., 2022. "Challenges and Responses of Higher Education Institutions (HEIs) Towards Academic Resilience," International Journal of Research and Innovation in Social Science, International Journal of Research and Innovation in Social Science (IJRISS), vol. 6(12), pages 464-472, December.
    19. Yuan, Sai & Zhou, Ran & Li, Mengna & Lv, Chengchao, 2023. "Investigating the influence of digital technology application on employee compensation," Technological Forecasting and Social Change, Elsevier, vol. 195(C).
    20. repec:ptu:bdpart:r202401 is not listed on IDEAS
    21. Zhihua Lai & Bifeng Wang & Xiang He, 2023. "Research on the Digital Transformation of Producer Services to Drive Manufacturing Technology Innovation," Sustainability, MDPI, vol. 15(4), pages 1-21, February.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:gam:jsusta:v:15:y:2023:i:3:p:2637-:d:1054556. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: MDPI Indexing Manager (email available below). General contact details of provider: https://www.mdpi.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.