The main objective of this paper is to highlight the importance of core competences as an important catalyst to enable a sustainable transition of business models to Industry 5.0. According to our research based on a scientific methodology, we illustrated that Industry 4.0 might greatly affect the labor market by introducing ITC, AI, IR and AR that will change many jobs in most areas of activity. One alternative solution to diminish these negative effects is to accommodate and prepare the shift to a more human-centric approach. In order to better implement this alternative solution and to generate mid- to long-run positive effects (from an economic, social and environmental perspective), we consider it is imperative that human resources be prepared to understand and to use new technologies. We have focused our research context on European countries. We found that only a part of the European Union Member Countries benefit from the use of human resources with advanced digital skills. Under these circumstances, we consider that only some countries will be able to face the challenges generated by the transition to Industry 5.0, while others, the emergent countries, such as Romania, will have to intensify the complex process of designing competitive and coherent strategies and implement a more efficient and effective mix of policies. This will help to better capitalize the potential sustainable competitive advantage of industries 4.0 and 5.0.
Change is the single constant of our world. We have to face challenging, dynamic and turbulent times. The complexity and dynamics of our world requires a paradigmatic holistic vision that needs collaboration. Collaborative economics focus on trust and team building, established based on a complementary set of core competences where creative, talented and gifted people are mostly valued. Online collaborative platforms and digitalization had been widely developed. We consider that, under the broader umbrella of cultural and creative economy, people have to focus more on non-traditional organizational structures that are better functioning on local and regional levels. Cultural and creative cities facilitate constructive dialogue and interactions, stimulating intercultural sensitivity applying practical wisdom such as to better interact and develop professional and personal networking. Collaborative economics focuses on proving people care more about other human beings and thus they develop new organizational structures based on compassion, empathy, emotional intelligence that ask for an important mentality shift from social networking (such as Facebook) based on sharing information, data and knowledge towards more spiritual oriented organizations within which practical wise, creative and innovative solutions that focus on wisdom have to be facilitated. In the last decades human civilization had shifted step by step from an information-based society towards knowledge, creative and innovation based one. It is high time to be wise and to shift to practical wisdom based on ethical, moral and spiritual values.
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