Strategy as a key driver of the Fourth Industrial Revolution transformation journey

dc.contributor.authorZulu, Steven
dc.contributor.authorPretorius, Marthinus W.
dc.contributor.authorVan der Lingen, Elma
dc.contributor.emailu25405714@tuks.co.zaen_US
dc.date.accessioned2023-02-22T09:23:25Z
dc.date.available2023-02-22T09:23:25Z
dc.date.issued2022-11-11
dc.descriptionPresented at the 33rd annual conference of the Southern African Institute for Industrial Engineering, held from 3 to 5 October 2022 in Zimbali, South Africa.en_US
dc.description.abstractWith the advent of the Fourth Industrial Revolution (4IR), many industries find themselves having to identify, select, acquire, exploit, and protect their 4IR technologies. However, 4IR technologies are unique when compared with those of the preceding industrial revolutions, in that they are evolving at an exponential rate, and they are complex because they integrate the physical, digital, and biological spheres. Owing to the ‘newfangledness’ of 4IR, limited empirical references, the agility of 4IR technologies’ encroachment, rapid technological changes, high levels of uncertainty, the premise that 4IR induces radical changes to business models, and the realisation that 4IR transformation has long-term consequences for businesses, there is a need for businesses to adopt 4IR transformation using a strategic management approach. The main objective of this paper is to report the findings from an integrative literature review to determine what existing systematic approaches different industries and businesses follow to formulate 4IR technology/transformation strategies. The findings of this study outline some important key principles underlying the formulation of 4IR transformation strategy.en_US
dc.description.abstractMet die koms van die Vierde Industriële Revolusie (4IR) vind baie nywerhede dat hulle hul 4IR-tegnologie moet identifiseer, kies, bekom, ontgin en beskerm. 4IR-tegnologieë is egter uniek in vergelyking met voorafgaande industriële revolusies deurdat die tegnologieë teen 'n eksponensiële tempo ontwikkel, en kompleks is omdat hulle die fisiese, digitale en biologiese sfere integreer. As gevolg van die 'nuutheid' van 4IR, beperkte empiriese verwysings, die behendigheid van 4IRtegnologieë se indringing, vinnige tegnologiese veranderinge, hoë vlakke van onsekerheid, die uitgangspunt dat 4IR radikale veranderinge aan sakemodelle veroorsaak, en die besef dat 4IR-transformasie lanktermyngevolge vir besighede, is daar 'n behoefte vir besighede om 4IRtransformasie aan te neem deur 'n strategiese bestuursbenadering te gebruik. Die hoofdoel van hierdie artikel is om die bevindinge van 'n integrerende literatuuroorsig te rapporteer om te bepaal watter bestaande sistematiese benaderings verskillende industrieë en besighede volg om 4IR-tegnologie/transformasiestrategieë te formuleer. Die bevindinge van hierdie studie skets 'n paar belangrike sleutelbeginsels onderliggend aan die formulering van 4IRtransformasiestrategie.en_US
dc.description.departmentGraduate School of Technology Management (GSTM)en_US
dc.description.librarianam2023en_US
dc.description.urihttp://sajie.journals.ac.zaen_US
dc.identifier.citationZulu, M.S., Pretorius, M.W., Van der Lingen, E. 2022, 'Strategy as a key driver of the Fourth Industrial Revolution transformation journey', South African Journal of Industrial Engineering, vol. 33, no. 3, pp. 169-189, doi : 10.7166/33-3-2798.en_US
dc.identifier.issn1012-277X (print)
dc.identifier.issn2224-7890 (online)
dc.identifier.other10.7166/33-3-2798
dc.identifier.urihttps://repository.up.ac.za/handle/2263/89758
dc.language.isoenen_US
dc.publisherSouthern African Institute for Industrial Engineeringen_US
dc.rights© 2022 Steven Zulu, Marthinus Pretorius, Elma van der Lingen. This article is licensed under a Creative Commons Attribution License.en_US
dc.subjectFourth Industrial Revolution (4IR)en_US
dc.subjectTechnologiesen_US
dc.subjectTransformation strategiesen_US
dc.subjectTegnologieen_US
dc.subjectTransformasiestrategieeen_US
dc.subjectTechnology strategyen_US
dc.subjectIntegrative literature reviewen_US
dc.subject4IR transformationen_US
dc.subjectVierde Industriële Revolusie (4IR)en_US
dc.titleStrategy as a key driver of the Fourth Industrial Revolution transformation journeyen_US
dc.typeArticleen_US

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