Research Output
How firms in emerging economies can learn industry 4.0 by extracting knowledge from their foreign partners? A view point from strategic management perspective
  This study offers a view point from a strategic management perspective which shows that firms in emerging economies can learn Industry 4.0 from their foreign partners operating from developed economies, by developing knowledge based dynamic capabilities (KBDCs). It emphasises on the importance of management inclination towards Industry 4.0. Integration of literature and logical beliefs show that management inclinations towards Industry 4.0 in terms of leadership, talent management, culture, and technology can facilitate the development of KBDCs which facilities knowledge activities. Firms in the emerging and underdeveloped economies are in special need of this kind of capabilities because of institutional voids. By developing these capabilities they can extract knowledge from their foreign partners from developed industrial economies who are doing well in terms of Industry 4.0. This study suggests that it needs a right combination of leadership, talent management, technology, and culture to learn and implement Industry 4.0 in the firm.

  • Date:

    10 October 2019

  • Publication Status:

    Published

  • Publisher

    IEEE

  • DOI:

    10.1109/icamechs.2019.8861622

  • Cross Ref:

    10.1109/icamechs.2019.8861622

  • Funders:

    Historic Funder (pre-Worktribe)

Citation

Shamim, S., Cang, S., Yu, H., Li, Y., Chen, L. Y., & Yao, X. (2019). How firms in emerging economies can learn industry 4.0 by extracting knowledge from their foreign partners? A view point from strategic management perspective. In 2019 International Conference on Advanced Mechatronic Systems (ICAMechS). https://doi.org/10.1109/icamechs.2019.8861622

Authors

Keywords

Industry 4.0, Management inclination, Knowledge based dynamic capabilities, Knowledge extraction, Emerging economy

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