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

This book explores the challenges and opportunities of small- and medium-sized enterprises (SMEs) in the era of Industry 4.0, providing a comprehensive understanding of the operating conditions and requirements of SMEs in this context. It proposes a Business Model 4.0 concept and highlights the expectations of modern consumers in product personalization, customization, servitization, and the SME sector's needs. It also offers a collaborative business model and a rapid network prototyping methodology for implementing personalized products. The empirical research in the book will provide valuable insights for scholars and upper-level students in business disciplines.

Format: Hardback
Length: 146 pages
Publication date: 24 March 2023
Publisher: Taylor & Francis Ltd

The utilization of Industry 4.0 technologies holds immense significance in meeting the ever-growing expectations of consumers seeking personalized products and services. However, this transformation journey is not without its obstacles and challenges. This comprehensive book delves into the operating conditions and complexities faced by small- and medium-sized enterprises (SMEs) operating in the era of Industry 4.0. It presents a novel Business Model 4.0 concept aimed at addressing these challenges.

The authors offer valuable insights into the broader context for the development of Economy 4.0 and Society 5.0, as well as the evolving expectations of modern consumers regarding product personalization, customization, servitization, and the specific requirements of the SME sector. Furthermore, the book proposes a collaborative business model and introduces a rapid network prototyping methodology to facilitate the implementation of personalized products. It suggests the establishment of e-business platforms that enhance customer engagement and enable greater involvement in product configurations.

The empirical research conducted within this book holds immense value for scholars and upper-level students across various business disciplines, including strategic management, entrepreneurship, technology, and innovation management. By exploring the practical applications and real-world scenarios presented, readers can gain a deeper understanding of the opportunities and complexities associated with Industry 4.0 and its impact on SMEs.

In conclusion, this book serves as a valuable resource for anyone seeking to navigate the challenges and seize the opportunities presented by the era of Industry 4.0. By providing comprehensive knowledge and innovative solutions, it empowers SMEs to adapt and thrive in the rapidly evolving business landscape.

Weight: 350g
Dimension: 162 x 242 x 15 (mm)
ISBN-13: 9781032329314