Lean startups with industry 4.0 technologies: Overcoming the challenges of youth entrepreneurship in Serbia

Bakator, Mihalj; Đorđević, Dejan; Ćoćkalo, Dragan; Nikolić, Milan; Vorkapić, Miloš

doi:10.5937/jemc1802089b

Cited by 13 publications

(13 citation statements)

References 33 publications

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“…Thus, the presence on the international market requires the application of adequate quality management system, the application of ICT and the modern manufacturing equipment. Also, the application of Industry 4.0 technologies and the lean startup approach has a significant role in developing the theoretical entrepreneurship model for overcoming barriers and challenges faced by young entrepreneurs in Serbia (Bakator et al, 2018).…”

Section: Contemporary Business and Information Technologiesmentioning

confidence: 99%

Information technology as an indicator of the level of organizational performance

Mitić¹,

Jovanka²,

Poštin³

et al. 2021

JEMC

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This paper presents the results of research into the impact of information technology (IT) on individual and organizational performances in companies in Serbia: job satisfaction (JS), communication satisfaction (CS), organizational commitment (OCM), organizational trust (ITW), organizational learning (OL) and financial performance (FP). The data were obtained from a questionnaire completed by N = 380 middle managers from 102 companies in Serbia. The methods used for statistical data processing were: descriptive statistics, correlation analysis and the t-test. The main conclusions of the study are: 1. Information technology items in companies in Serbia are slightly above average values. 2. The level of information technology in the company is an indicator of the level of organizational performance in the company. 3. The level of information technology in the company has direct and indirect positive impacts on the level of a number of organizational performances in the company.

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Section: Contemporary Business and Information Technologiesmentioning

confidence: 99%

Information technology as an indicator of the level of organizational performance

Mitić¹,

Jovanka²,

Poštin³

et al. 2021

JEMC

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“…Where public authorities, institutions and companies fail, social enterprises offer smart solutions that enable satisfaction of people's needs and smooth functioning of urban environment (Ali Babar, 2016;Seelos & Mair, 2017). If they meet the goals for which they were created, that is, if they meet citizens' demands and needs, these enterprises become the backbone of smart city development because they have a positive impact on society through creating changes that lead to improved quality of living and work in the urban environment (Bakator et al, 2018). Therefore, social enterprises best combine the social and economic dimension of technological progress and smart city development, thus ensuring the broad reach and effectiveness of innovative solutions.…”

Section: Smart City Enterprisesmentioning

confidence: 99%

Impact of the Industry 4.0 on smart city development

Popović¹,

Rajović²

2021

JEMC

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The focus of this paper is on examination of the impact of the Industry 4.0 on smart city development and changes in society due to the diffusion of innovations and modern technologies in all segments of living. From the preconditions for the beginning of the Industry 4.0, followed by the most important achievement that marked it, to the way changes are manifested due to the wide use of smart devices and software, the paper provides a clear overview of effects achieved over the past few decades of technological progress. Furthermore, based on the data available in the current and relevant literature, the role of the Industry 4.0 in the development of smart cities is studied, and the most important elements of it that support smart city development are determined. In this way, conditions are created for an extensive analysis of the motives, factors and forms of smart city development, with priority given to the social dimension of smart solutions and their implementation in everyday living. After having a complete insight into the features of smart cities and key elements of development, an overview of perspectives and expectations in the field of improving the quality of living in the urban environment by implementation of smart solutions, i.e. devices, software and applications, is provided. Finally, based on previously conducted analyses, conclusions are made on further courses of action in the field of smart city development.

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“…Currently, investment on human intellect and Artificial Intelligence are required to establish the basis for I4.0 implementation. Because business vocation focuses on creating novel economic opportunities, the development of cloud services and remote manufacturing systems are being improved by these investments, allowing the reduction of market research and production costs (Bakator et al, 2018). This is also aimed to overcome the social fear regarding full automatization and its implication to some jobs.…”

Section: Person-focused Approach For Social Advancesmentioning

confidence: 99%

Education 4.0 to Support Entrepreneurship, Social Development and Education in Emerging Economies

Caballero‐Morales

Guridi

Álvarez-Tamayo

et al. 2020

IJEK

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As a complement to Industry 4.0, the term Education 4.0 has been defined as the evolution of traditional education considering the new digital age's technological tools, combining real and virtual world information. For emerging economies, the implementation of Education 4.0 is an essential asset for future economic and social development. In this context, the present work describes a set of conceptual Education 4.0 models to support three essential aspects in Latin American economies: entrepreneurship of small and medium enterprises, social welfare, and engineering education. These models highlight the human efforts and technological features required to adopt Education/Industry 4.0 in these aspects successfully.

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Lean startups with industry 4.0 technologies: Overcoming the challenges of youth entrepreneurship in Serbia

Cited by 13 publications

References 33 publications

Information technology as an indicator of the level of organizational performance

Information technology as an indicator of the level of organizational performance

Impact of the Industry 4.0 on smart city development

Education 4.0 to Support Entrepreneurship, Social Development and Education in Emerging Economies

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