ORGANIZATIONAL AND MANAGEMENT CHANGE IN INDUSTRY 4.0

Key elements of Industry 4.0 are collaborative innovation, comprehensive integration, IoT, data driven and organizational change. This paper focus is analysis organizational change in new business environment. Management system in industry 4.0 can be viewed through three cycles: strategy, element an...

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Bibliographic Details
Main Authors: Mirjana Misita, Dragan D. Milanovic
Format: Article
Language:English
Published: University of Kragujevac 2019-12-01
Series:Proceedings on Engineering Sciences
Subjects:
Online Access:http://pesjournal.net/journal/v1-n2/40.pdf
Description
Summary:Key elements of Industry 4.0 are collaborative innovation, comprehensive integration, IoT, data driven and organizational change. This paper focus is analysis organizational change in new business environment. Management system in industry 4.0 can be viewed through three cycles: strategy, element and management cycle. Strategy cycle addresses on developing sustainable competitiveness or new capability. Element cycle is based on data driven - technology, business process and organizational structure. Management cycle is based on leadership role. Element cycle is analyzed, concrete organizational structure transformation to minimum viable organization (MVO) and management support for this process. Steps, phases and concepts for achieving MVO are discussed in this paper.
ISSN:2683-4111