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Managing Technological Change At The Dawn Of The Fourth Industrial Revolution

Author

Listed:
  • Sorin MAZILU

    (Centre for European Studies, Faculty of Law, “Alexandru Ioan Cuza” University of Iasi (Romania))

Abstract

At the beginning of a new technological era - The fourth industrial revolution – we find ourselves in a society strongly shaped by technologically driven speed and an increasingly complex and uncertain environment which affects all areas of human life. In this context, businesses have to find new management approaches for overcoming technological anxiety and for harnessing the potential derived from ubiquitous computing. In order to find possible management strategies for coping with the current challenges, we analyse the following: first, the economic effects of technological change on organizations and employment; second, we identify some of the main features that a strategic approach should consider for sustaining competitiveness in such volatile times. We conclude that vigilance to the new, continuous investing in R&D (research and development) and in new technologies, as well as encouraging employees’ skill improvement by training programs and learning environments are among the bedrocks for surviving and striving in the new economy.

Suggested Citation

  • Sorin MAZILU, 2018. "Managing Technological Change At The Dawn Of The Fourth Industrial Revolution," Management Intercultural, Romanian Foundation for Business Intelligence, Editorial Department, issue 41, pages 95-102, December.
    • Handle: RePEc:cmj:interc:y:2018:i:41:p:95-102
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    More about this item

    Keywords

    Creative destruction; Creative disruption; Creative recombination; Technological Change; Technological Anxiety;
    All these keywords.

    JEL classification:

    • M1 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration
    • O30 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - General

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