Business Models for Industry 4.0: A Book Review

Abstract

The book entitled “Business Models for Industry 4.0: Concepts and Challenges in SME Organizations” discusses the challenges and opportunities faced by small and medium enterprises (SMEs) in the Industry 4.0 era. The author explores concepts such as Economy 4.0, Society 5.0, sustainable consumption, digital technology integration, and the need for customer engagement. Based on this background, the author emphasizes the importance of new business models, interdisciplinary knowledge, and continuous learning in the context of Industry 4.0 to develop value from SMEs.

References

Grabowska, S., & Saniuk, S. (2023). Business Models for Industry 4.0: Concepts and Challenges in SME Organizations. Routledge.

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Priyono, A., Moin, A., & Putri, V. N. A. O. (2020). Identifying Digital Transformation Paths in the Business Model of SMEs during the COVID-19 Pandemic. Journal of Open Innovation: Technology, Market, and Complexity, 6(4), 104. https://doi.org/10.3390/joitmc6040104

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Rialti, R., & Zollo, L. (2023). Digital Transformation of SME Marketing Strategies Innovating for the 4.0 Era. Palgrave Macmillan.

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Xie, X., Han, Y., Anderson, A., & Ribeiro-navarrete, S. (2022). Digital platforms and SMEs ’ business model innovation : Exploring the mediating mechanisms of capability reconfiguration. International Journal of Information Management, 65. https://doi.org/10.1016/j.ijinfomgt.2022.102513