Fortune favors the prepared: How SMEs approach business model innovations in Industry 4.0

Beitrag in einer Fachzeitschrift
(Originalarbeit)


Details zur Publikation

Autor(en): Müller J, Buliga O, Voigt KI
Zeitschrift: Technological Forecasting and Social Change
Jahr der Veröffentlichung: 2018
ISSN: 0040-1625


Abstract


The article analyzes how Industry 4.0 triggers changes in the business models of manufacturing SMEs (small and medium-sized enterprises), by conducting a qualitative research with a sample of 68 German SMEs from three industries (automotive suppliers, mechanical and plant engineering, as well as electrical engineering and ICT). As SMEs play an essential role in industrial value creation, the article examines significant, yet at present understudied implications of Industry 4.0 along industrial value chains. First, the results show that Industry 4.0 encompasses three dimensions, namely high-grade digitization of processes, smart manufacturing, and intercompany connectivity. Second, the article shows how Industry 4.0 affects the three business model elements of manufacturing SMEs – value creation, value capture, and value offer – by giving specific examples for business model innovation in each of the three elements. Third, it shows that both the role as a user and/or provider of Industry 4.0 and whether a company is internally motivated and/or externally pressured towards implementation have an impact on which business model elements are innovated. Fourth, the study delineates four SME categories, designed to help managers to evaluate their own company's positioning towards Industry 4.0: craft manufacturers, preliminary stage planners, Industry 4.0 users, and full-scale adopters.



FAU-Autoren / FAU-Herausgeber

Buliga, Oana
Lehrstuhl für Betriebswirtschaftslehre, insbesondere Industrielles Management
Müller, Julian
Lehrstuhl für Betriebswirtschaftslehre, insbesondere Industrielles Management
Voigt, Kai-Ingo Prof. Dr.
Lehrstuhl für Betriebswirtschaftslehre, insbesondere Industrielles Management


Zitierweisen

APA:
Müller, J., Buliga, O., & Voigt, K.-I. (2018). Fortune favors the prepared: How SMEs approach business model innovations in Industry 4.0. Technological Forecasting and Social Change. https://dx.doi.org/10.1016/j.techfore.2017.12.019

MLA:
Müller, Julian, Oana Buliga, and Kai-Ingo Voigt. "Fortune favors the prepared: How SMEs approach business model innovations in Industry 4.0." Technological Forecasting and Social Change (2018).

BibTeX: 

Zuletzt aktualisiert 2018-11-09 um 07:02