I4MS Talk: Management Challenges in the Era of Industry 4.0
When: 27th of October, 2021 at 10:00 AM CET
Where: Online, REGISTER HERE for this event!
About the event
Today there is a growing consensus among leading industry, policy and academic circles that we have entered a new phase in economic history, namely that of Industry 4.0, or more broadly the Fourth Industrial Revolution. Industry 4.0 is a long-term systemic process that is bound to significantly affect the entire range of business management practices and economics regardless of the industrial sector in which firms are located as well as the social, regulatory, and institutional contexts in which they operate. Its implementation depends fundamentally on putting into place a wide-ranging set of “enabling framework conditions”. These range from technological infrastructures, standardization protocols across digitized systems, security/protection of know-how, new business models, novel forms of work organization, new and often unforeseeable skill sets, and governance, legal and regulatory frameworks at regional, national and EU levels. Taken together these conditions constitute significant management challenges that require a new mode of thought and managerial skills. This presentation will map these challenges on three distinct levels of analysis: the micro-level (the firm), the meso level (the region), and the macro-level (regulation and policy). Its main objective is to enable participants to identify and analyze key management issues involved in Industry 4.0 and design possible solutions to challenges presented.
About the speakers
Takis Damaskopoulos is the Industry 4.0 ERA Chair at the School of Economics and Business at Kaunas Technical University (KTU), Lithuania and the Executive Director and Head of Research of the European Institute of Interdisciplinary Research (EIIR) in Paris, France.
Kęstutis Duoba is a Vice-Dean for Research and an Associate Professor of Digitalization Research Group at the School of Economics and Business of Kaunas University of Technology (KTU), Lithuania. He is an expert in digital transformation, virtual workplaces, virtual organizations.