Innovations in a Modern Engineering Enterprise in the Context of Industry 4.0 Strategy

Innovations are an essential part of business management in modern society. In addition to large enterprises and research and development centers, small and medium-sized enterprises also hide great innovative potential. Moreover, it is precisely the innovations that lead businesses to permanent grow...

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Main Authors: Hricova R., Madzinova R.
Format: Article
Language:English
Published: Sumy State University 2023-09-01
Series:Журнал інженерних наук
Subjects:
Online Access:https://jes.sumdu.edu.ua/innovations-in-a-modern-engineering-enterprise-in-the-context-of-industry-4-0-strategy/
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author Hricova R.
Madzinova R.
author_facet Hricova R.
Madzinova R.
author_sort Hricova R.
collection DOAJ
description Innovations are an essential part of business management in modern society. In addition to large enterprises and research and development centers, small and medium-sized enterprises also hide great innovative potential. Moreover, it is precisely the innovations that lead businesses to permanent growth and prosperity. In addition, from the point of view of Industry 4.0, innovation must be considered as an essential part of the functioning of a modern enterprise, regardless of its size. The article compares statistical indicators that capture enterprises’ innovative activity or inactivity in the Slovak Republic. Enterprises that want to define themselves as innovative should have a suitably prepared and functioning environment, while internal and external conditions are essential. However, it turns out that Slovakian companies have not created suitable conditions for innovation, and in the long term, their interest in innovation is declining. At the same time, because of the industrial revolution, many professions are also changing, and the demands for specific knowledge are not only growing for the newly created ones, but they will also require an active approach to changes, i.e., innovations. Companies must introduce an innovative approach in the education process itself, and as it shows, it will not be possible without a systemic approach.
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spelling doaj.art-745dd21b31c6456a8d566bdd8a9faef12023-11-02T14:12:37ZengSumy State UniversityЖурнал інженерних наук2312-24982414-93812023-09-01102A1A910.21272/jes.2023.10(2).a1Innovations in a Modern Engineering Enterprise in the Context of Industry 4.0 StrategyHricova R.0https://orcid.org/0000-0002-7329-6207Madzinova R.1Faculty of Manufacturing Technologies with a seat in Prešov, Technical University of Košice, 1, Bayerova St., 080 01 Prešov, Slovak RepublicSlovak Business Agency, 6, Kúpeľná St., 080 01 Prešov, Slovak RepublicInnovations are an essential part of business management in modern society. In addition to large enterprises and research and development centers, small and medium-sized enterprises also hide great innovative potential. Moreover, it is precisely the innovations that lead businesses to permanent growth and prosperity. In addition, from the point of view of Industry 4.0, innovation must be considered as an essential part of the functioning of a modern enterprise, regardless of its size. The article compares statistical indicators that capture enterprises’ innovative activity or inactivity in the Slovak Republic. Enterprises that want to define themselves as innovative should have a suitably prepared and functioning environment, while internal and external conditions are essential. However, it turns out that Slovakian companies have not created suitable conditions for innovation, and in the long term, their interest in innovation is declining. At the same time, because of the industrial revolution, many professions are also changing, and the demands for specific knowledge are not only growing for the newly created ones, but they will also require an active approach to changes, i.e., innovations. Companies must introduce an innovative approach in the education process itself, and as it shows, it will not be possible without a systemic approach.https://jes.sumdu.edu.ua/innovations-in-a-modern-engineering-enterprise-in-the-context-of-industry-4-0-strategy/qualityeuropean standardsenergy efficiencytemperature modeharmful emissionsprocess innovation
spellingShingle Hricova R.
Madzinova R.
Innovations in a Modern Engineering Enterprise in the Context of Industry 4.0 Strategy
Журнал інженерних наук
quality
european standards
energy efficiency
temperature mode
harmful emissions
process innovation
title Innovations in a Modern Engineering Enterprise in the Context of Industry 4.0 Strategy
title_full Innovations in a Modern Engineering Enterprise in the Context of Industry 4.0 Strategy
title_fullStr Innovations in a Modern Engineering Enterprise in the Context of Industry 4.0 Strategy
title_full_unstemmed Innovations in a Modern Engineering Enterprise in the Context of Industry 4.0 Strategy
title_short Innovations in a Modern Engineering Enterprise in the Context of Industry 4.0 Strategy
title_sort innovations in a modern engineering enterprise in the context of industry 4 0 strategy
topic quality
european standards
energy efficiency
temperature mode
harmful emissions
process innovation
url https://jes.sumdu.edu.ua/innovations-in-a-modern-engineering-enterprise-in-the-context-of-industry-4-0-strategy/
work_keys_str_mv AT hricovar innovationsinamodernengineeringenterpriseinthecontextofindustry40strategy
AT madzinovar innovationsinamodernengineeringenterpriseinthecontextofindustry40strategy