IDEAS home Printed from https://ideas.repec.org/a/bla/srbeha/v35y2018i4p406-416.html
   My bibliography  Save this article

A Managerial Early Warning System at a Smart Factory: An Intuitive Decision‐making Perspective

Author

Listed:
  • Tine Bertoncel
  • Ivan Erenda
  • Mirjana Pejić Bach
  • Vasja Roblek
  • Maja Meško

Abstract

Early warning systems are becoming increasingly important in high‐risk industries, because of their potential to detect all kinds of subtle threats and opportunities, that is, weak signals, in order to avoid strategic surprises. However, it is an under‐researched area within the context of smart factories. For the purpose of the study, semi‐structured group interviews were used to investigate how managers at a smart factory, a highly innovative global supplier in the automotive industry sense weak signals, perceive the role of intuition, smart systems and business model adjustments. The results of the study show that managers perceive early warning systems as highly important for timely response to development changes and that both smart systems and intuition play an essential role in detecting and responding to weak signals. Based on this study, we propose a managerial early warning system model with four stages, namely, identifying, screening, appraising and responding to weak signs, within the context of a smart factory. © 2018 John Wiley & Sons, Ltd.

Suggested Citation

  • Tine Bertoncel & Ivan Erenda & Mirjana Pejić Bach & Vasja Roblek & Maja Meško, 2018. "A Managerial Early Warning System at a Smart Factory: An Intuitive Decision‐making Perspective," Systems Research and Behavioral Science, Wiley Blackwell, vol. 35(4), pages 406-416, July.
    • Handle: RePEc:bla:srbeha:v:35:y:2018:i:4:p:406-416
    DOI: 10.1002/sres.2542
    as

    Download full text from publisher

    File URL: https://doi.org/10.1002/sres.2542
    Download Restriction: no
    File URL: https://libkey.io/10.1002/sres.2542?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Chebbi, Hela & Yahiaoui, Dorra & Sellami, Mohamed & Papasolomou, Ioanna & Melanthiou, Yioula, 2020. "Focusing on internal stakeholders to enable the implementation of organizational change towards corporate entrepreneurship: A case study from France," Journal of Business Research, Elsevier, vol. 119(C), pages 209-217.
    2. Yongping Xie & Yixuan Yin & Wei Xue & Hui Shi & Dazhi Chong, 2020. "Intelligent supply chain performance measurement in Industry 4.0," Systems Research and Behavioral Science, Wiley Blackwell, vol. 37(4), pages 711-718, July.
    3. Yu Sun & Ling Li & Hui Shi & Dazhi Chong, 2020. "The transformation and upgrade of China's manufacturing industry in Industry 4.0 era," Systems Research and Behavioral Science, Wiley Blackwell, vol. 37(4), pages 734-740, July.
    4. Yongdang Chen & Zhiyou Han & Kunyu Cao & Xianrong Zheng & Xiaobo Xu, 2020. "Manufacturing upgrading in industry 4.0 era," Systems Research and Behavioral Science, Wiley Blackwell, vol. 37(4), pages 766-771, July.
    5. Li Da Xu, 2020. "The contribution of systems science to Industry 4.0," Systems Research and Behavioral Science, Wiley Blackwell, vol. 37(4), pages 618-631, July.
    6. Runping Guo & Xingqun Lv & Yuan Wang & Peggy E. Chaudhry & Sohail S. Chaudhry, 2020. "Decision‐making logics and high‐tech entrepreneurial opportunity identification: The mediating role of strategic knowledge integration," Systems Research and Behavioral Science, Wiley Blackwell, vol. 37(4), pages 719-733, July.
    7. Laubengaier, Désirée A. & Cagliano, Raffaella & Canterino, Filomena, 2022. "It Takes Two to Tango: Analyzing the Relationship between Technological and Administrative Process Innovations in Industry 4.0," Technological Forecasting and Social Change, Elsevier, vol. 180(C).
    8. Kopalle, Praveen K. & Kuusela, Hannu & Lehmann, Donald R., 2023. "The role of intuition in CEO acquisition decisions," Journal of Business Research, Elsevier, vol. 167(C).
    9. Qiang Ma & Xueling Li & Peggy E. Chaudhry & Sohail S. Chaudhry, 2020. "Public relations and legitimacy: A study of new ventures on the corporate life cycle," Systems Research and Behavioral Science, Wiley Blackwell, vol. 37(4), pages 699-710, July.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bla:srbeha:v:35:y:2018:i:4:p:406-416. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: http://onlinelibrary.wiley.com/journal/10.1111/1092-7026 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.