How do you think industry 4.0 will impact internationalization? Would you expect differences beween higher and lower developed economies?
It seems to me that technological development in the formula of the technological revolution described as Industry 4.0 should contribute to reducing developmental differences between developed and developing countries. Of course, the most developed countries will try to maintain leadership in the field of technology. However, developing countries are also acquiring and developing technologies in the Industry 4.0 concept and are trying to use technologies to catch up with the richest country.
I invite you to the discussion
The 4.0 economy is driving a transformation of companies through the adoption of digitalization processes, being a strategic need in response to the evolution from a scheme based on mass production to one characterized by flexibility and personalization. The customization of mass production, increasingly faster processes, shorter delivery times, more complex products and more flexibility to adapt manufacturing to a variable demand. The needs of the market are increasing as we move towards Industry 4.0 and it is that, what just five years ago was practically unthinkable, today it is possible. For this reason the competitiveness of companies will depend to a large extent on their degree of technology, innovation and internationalization.
Technology has become a fundamental element in the business world when it comes to reducing costs, solving problems and eliminating barriers of time and space through new systems adaptable to the different needs of organizations. The optimization of resources through technology platforms allows companies to make the effort of several weeks in a few minutes.
To not extend too much, it is important that companies take into account the technology in internationalization because it allows them to focus their expansion with the help of technological advances, improving their ability to adapt in a new location, improving processes and increasing competitiveness in New markets.
Regards.
PM
I agree with the previous answers. The I4.0 can help the companies improving their efficiency and the quality of their goods and services. On the other hand is very difficult to evaluate the effects and expected outcomes of the I4.0 tools and strategy. Basically I think it can facilitate the internationalization, but it depends on the management of the organization.
As I research this topic from the viewpoint of leaders I can tell you, the Hungarian managers have some dilemmas. How could they implement the new tools and techniques? How could it be financed? Have they enough time to deal with these projects? And the most important the lack of knowledge.
I can confess I do not think that the small and medium-sized companies can totally integrate I4.0 into their everyday work as much as they would like. In this case impact of I4.0 on internationalization could not be so powerful.
I hope my last study was written about this will be published by the end of the year, and I share with you.
Regards,
Attila
Thank you Attila. I will be grateful if you could share the article.
It seems to me that technological development in the formula of the technological revolution described as Industry 4.0 should contribute to reducing developmental differences between developed and developing countries. Of course, the most developed countries will try to maintain leadership in the field of technology. However, developing countries are also acquiring and developing technologies in the Industry 4.0 concept and are trying to use technologies to catch up with the richest country.
I invite you to the discussion
Dear Dariusz,
Thanks for tbe answer. Don't you think all countries would be better off if they had equal tecgnoovical level instead of having leaders, followers and lagards?
Fine topic. The lower income world face tensions across technological revolutions. We could wrap up the pursuits of these countries in the tensions. See this little piece: Preprint Transport and the Fourth Industrial Revolution
I think it is one steps that goes up from product marketing to
spirit marketing where the beyond its effort of adding value to technological changes. however, it still affects on internationalization despite the difference in distribution of such changes in various countries( developed, developing and less developing countries) also called international product life cycle.
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