ENVIRONMENTAL COMPONENT OF PRODUCT QUALITY AS A MANIFESTATION OF INDUSTRY 4.0 BUSINESS SUSTAINABILITY: IMPLICATIONS FOR COMPETITIVENESS
The research aims to examine the environmental component of product quality as a manifestation of Industry 4.0 business sustainability and its implications for competitiveness. This research is based on Structural Equation Modeling (SEM) methodology on the international experience of 63 countries in...
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| Format: | Article |
| Language: | English |
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University of Kragujevac
2023-10-01
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| Series: | Proceedings on Engineering Sciences |
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| Online Access: | https://pesjournal.net/journal/v5-nS2/16.pdf |
| _version_ | 1797609220718198784 |
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| author | Lyudmila Yu. Yugai Maxim V. Otchertsov Sergey E. Akopov Iso R. Dusbayev |
| author_facet | Lyudmila Yu. Yugai Maxim V. Otchertsov Sergey E. Akopov Iso R. Dusbayev |
| author_sort | Lyudmila Yu. Yugai |
| collection | DOAJ |
| description | The research aims to examine the environmental component of product quality as a manifestation of Industry 4.0 business sustainability and its implications for competitiveness. This research is based on Structural Equation Modeling (SEM) methodology on the international experience of 63 countries in 2023 using IMD and UN statistics. The authors analyze the interdependence of sustainability and competitiveness of Industry 4 .0 business, showing that improving the environmental component of product quality as a manifestation of sustainability of Industry 4 .0 business contributes to its competitiveness. The global business disparity of Industry 4.0 is reimagined from a sustainability and competitiveness perspective. The authors reveal the prospect of reducing global inequality by increasing the sustainability and competitiveness of Industry 4.0 businesses in developing countries. The main conclusion of this research is that improving the environmental component of the product quality of Industry 4.0 business products simultaneously improves sustainability and competitiveness, making the environmental component the key to consistent quality management and overcoming global inequalities – the digital and sustainability gaps.The theoretical significance of the research results lies in the fact that they clarified the cause-and-effect relationships of quality management in the business of Industry 4.0, formed a more complete understanding of management information systems in the field of business quality of Industry 4.0, and highlighted the systemic interdependence of competitiveness as the main component of product quality and additional environmental component as a manifestation of the sustainability of Industry 4.0 business. The practical significance of the author’s findings and recommendations is that they will ensure the reduction of global inequality by increasing the sustainability and competitiveness of Industry 4.0 business in developing countries. |
| first_indexed | 2024-03-11T05:57:28Z |
| format | Article |
| id | doaj.art-9f8828956cd040b7bf73484793a89842 |
| institution | Directory Open Access Journal |
| issn | 2620-2832 2683-4111 |
| language | English |
| last_indexed | 2024-03-11T05:57:28Z |
| publishDate | 2023-10-01 |
| publisher | University of Kragujevac |
| record_format | Article |
| series | Proceedings on Engineering Sciences |
| spelling | doaj.art-9f8828956cd040b7bf73484793a898422023-11-17T13:38:53ZengUniversity of KragujevacProceedings on Engineering Sciences2620-28322683-41112023-10-015S239941410.24874/PES.SI.02.016ENVIRONMENTAL COMPONENT OF PRODUCT QUALITY AS A MANIFESTATION OF INDUSTRY 4.0 BUSINESS SUSTAINABILITY: IMPLICATIONS FOR COMPETITIVENESSLyudmila Yu. Yugai 0https://orcid.org/0000-0003-0480-317XMaxim V. Otchertsov 1Sergey E. Akopov 2https://orcid.org/0000-0002-4562-5077Iso R. Dusbayev 3https://orcid.org/0009-0004-9059-0696Doctor of Legal Sciences, Associate Professor, Department of Prevention of Deliquency, Academy of the Ministry of Internal Affairs of the Republic of Uzbekistan, 100197, 68 Intizor str., Tashkent, Republic of Uzbekistan Department of Sport and Active Leisure Management, Plekhanov Russian University of Economics, 115054, 36 Stremyanny lane, Moscow, RussiaCandidate of Economic Sciences, Associate Professor, Department of World Economy and International Relations,Rostov State University of Economics, 344002, 69Bolshaya Sadovaya str., Rostov-on-Don, Russia Doctor of Agriculture, Vice-Rector, Tashkent Institute of Economics and Pedagogy, 49 IslomKarimov str., 100066, Tashkent, Republic of Uzbekistan The research aims to examine the environmental component of product quality as a manifestation of Industry 4.0 business sustainability and its implications for competitiveness. This research is based on Structural Equation Modeling (SEM) methodology on the international experience of 63 countries in 2023 using IMD and UN statistics. The authors analyze the interdependence of sustainability and competitiveness of Industry 4 .0 business, showing that improving the environmental component of product quality as a manifestation of sustainability of Industry 4 .0 business contributes to its competitiveness. The global business disparity of Industry 4.0 is reimagined from a sustainability and competitiveness perspective. The authors reveal the prospect of reducing global inequality by increasing the sustainability and competitiveness of Industry 4.0 businesses in developing countries. The main conclusion of this research is that improving the environmental component of the product quality of Industry 4.0 business products simultaneously improves sustainability and competitiveness, making the environmental component the key to consistent quality management and overcoming global inequalities – the digital and sustainability gaps.The theoretical significance of the research results lies in the fact that they clarified the cause-and-effect relationships of quality management in the business of Industry 4.0, formed a more complete understanding of management information systems in the field of business quality of Industry 4.0, and highlighted the systemic interdependence of competitiveness as the main component of product quality and additional environmental component as a manifestation of the sustainability of Industry 4.0 business. The practical significance of the author’s findings and recommendations is that they will ensure the reduction of global inequality by increasing the sustainability and competitiveness of Industry 4.0 business in developing countries.https://pesjournal.net/journal/v5-nS2/16.pdfenvironmental component of qualitysustainabilitycompetitivenessindustry 4.0 businessmanagement information systems |
| spellingShingle | Lyudmila Yu. Yugai Maxim V. Otchertsov Sergey E. Akopov Iso R. Dusbayev ENVIRONMENTAL COMPONENT OF PRODUCT QUALITY AS A MANIFESTATION OF INDUSTRY 4.0 BUSINESS SUSTAINABILITY: IMPLICATIONS FOR COMPETITIVENESS Proceedings on Engineering Sciences environmental component of quality sustainability competitiveness industry 4.0 business management information systems |
| title | ENVIRONMENTAL COMPONENT OF PRODUCT QUALITY AS A MANIFESTATION OF INDUSTRY 4.0 BUSINESS SUSTAINABILITY: IMPLICATIONS FOR COMPETITIVENESS |
| title_full | ENVIRONMENTAL COMPONENT OF PRODUCT QUALITY AS A MANIFESTATION OF INDUSTRY 4.0 BUSINESS SUSTAINABILITY: IMPLICATIONS FOR COMPETITIVENESS |
| title_fullStr | ENVIRONMENTAL COMPONENT OF PRODUCT QUALITY AS A MANIFESTATION OF INDUSTRY 4.0 BUSINESS SUSTAINABILITY: IMPLICATIONS FOR COMPETITIVENESS |
| title_full_unstemmed | ENVIRONMENTAL COMPONENT OF PRODUCT QUALITY AS A MANIFESTATION OF INDUSTRY 4.0 BUSINESS SUSTAINABILITY: IMPLICATIONS FOR COMPETITIVENESS |
| title_short | ENVIRONMENTAL COMPONENT OF PRODUCT QUALITY AS A MANIFESTATION OF INDUSTRY 4.0 BUSINESS SUSTAINABILITY: IMPLICATIONS FOR COMPETITIVENESS |
| title_sort | environmental component of product quality as a manifestation of industry 4 0 business sustainability implications for competitiveness |
| topic | environmental component of quality sustainability competitiveness industry 4.0 business management information systems |
| url | https://pesjournal.net/journal/v5-nS2/16.pdf |
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