Digital Management Towards Society 5.0

Akkaya, Bülent; Günsel, Ayşe; YIKILMAZ, İbrahim

doi:10.4018/978-1-7998-8587-0.ch007

Cited by 5 publications

(2 citation statements)

References 31 publications

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“…In addition, an innovation management framework that observes the benefits offered from Industry 5.0 (new service and product development, continuous improvement) and that pinpoints the key enabling factors empowered by Society 5.0 for the codevelopment of innovation has not been yet proposed (Aslam et al, 2020;Akkaya et al, 2021). Hence, extant research does not adequately observe how human-centered products and services obtained through the application of 5.0 technologies can create value and, thus, innovative outcomes for customers, businesses and society.…”

Section: Ejim 279mentioning

confidence: 99%

Section: Related Work: Industry 50 and Society 50mentioning

confidence: 99%

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Rethinking innovation through industry and society 5.0 paradigms: a multileveled approach for management and policy-making

Troisi,

Visvizi,

Grimaldi

2023

EJIM

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PurposeIndustry 4.0 defines the application of digital technologies on business infrastructure and processes. With the increasing need to take into account the social and environmental impact of technologies, the concept of Society 5.0 has been proposed to restore the centrality of humans in the proper utilization of technology for the exploitation of innovation opportunities. Despite the identification of humans, resilience and sustainability as the key dimensions of Society 5.0, the definition of the key factors that can enable Innovation in the light of 5.0 principles has not been yet assessed.Design/methodology/approach An SLR, followed by a content analysis of results and a clustering of the main topics, is performed to (1) identify the key domains and dimensions of the Industry 5.0 paradigm; (2) understand their impact on Innovation 5.0; (3) discuss and reflect on the resulting implications for research, managerial practices and the policy-making process.Findings The findings allow the elaboration of a multileveled framework to redefine Innovation through the 5.0 paradigm by advancing the need to integrate ICT and technology (Industry 5.0) with the human-centric, social and knowledge-based dimensions (Society 5.0).Originality/value The study detects guidelines for managers, entrepreneurs and policy-makers in the adoption of effective strategies to promote human resources and knowledge management for the attainment of multiple innovation outcomes (from technological to data-driven and societal innovation).

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Section: Ejim 279mentioning

confidence: 99%

Section: Related Work: Industry 50 and Society 50mentioning

confidence: 99%

Rethinking innovation through industry and society 5.0 paradigms: a multileveled approach for management and policy-making

Troisi,

Visvizi,

Grimaldi

2023

EJIM

View full text Add to dashboard Cite

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Digital and Sustainable Products to Achieve Sustainable Business Goals Along the Path to Industry 5.0

Gigauri,

Janjua

2023

Digitalization, Sustainable Development, and Industry 5.0

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The Weighted Average Cost of Capital and Its Universality in Crisis Times: Evidence from the Energy Sector

et al. 2022

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Recent economic anomalies, including the unprecedented lockdown generated by the COVID-19 crisis, have demonstrated that the weighted average cost of capital (WACC) remains an actual topic in the financial literature and in practice. Companies operate in an increasingly volatile environment, due to twin transitions and interlinked crises, and so they must have specific tools for measuring risk and profitability, in order to enable them to have a sound financial policy. Based on the earlier results obtained by Modigliani and Miller (1963), Harris and Pringle (1985), and Farber, Gillet, and Szafarz (2006), this study shows the relationship between WACC and interest rate. It offers a modified WACC formula that considers unstable market circumstances. The new redefined WACC can be a valuable tool in business planning for companies from different fields. The companies in the energy sector are very interested in the topic of WACC, considering not only the complex nature of the investments made and the long-term nature of investment recovery but also the multiple risks that have an impact on their activity and that can be found in different economic, social, and geopolitical spheres.

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Digital Management Towards Society 5.0

Cited by 5 publications

References 31 publications

Rethinking innovation through industry and society 5.0 paradigms: a multileveled approach for management and policy-making

Rethinking innovation through industry and society 5.0 paradigms: a multileveled approach for management and policy-making

Digital and Sustainable Products to Achieve Sustainable Business Goals Along the Path to Industry 5.0

The Weighted Average Cost of Capital and Its Universality in Crisis Times: Evidence from the Energy Sector

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