IDEAS home Printed from https://ideas.repec.org/a/gam/jadmsc/v11y2021i2p56-d563042.html
   My bibliography  Save this article

Industry 4.0 Readiness of Technology Companies: A Pilot Study from Malaysia

Author

Listed:
  • Mansoor Ahmed Soomro

    (Faculty of Economics and Management, Universiti Kebangsaan Malaysia (UKM), Bangi 43600, Selangor, Malaysia)

  • Mohd Hizam-Hanafiah

    (Faculty of Economics and Management, Universiti Kebangsaan Malaysia (UKM), Bangi 43600, Selangor, Malaysia)

  • Nor Liza Abdullah

    (Faculty of Economics and Management, Universiti Kebangsaan Malaysia (UKM), Bangi 43600, Selangor, Malaysia)

  • Mohd Helmi Ali

    (Faculty of Economics and Management, Universiti Kebangsaan Malaysia (UKM), Bangi 43600, Selangor, Malaysia
    UKM Graduate School of Business, Universiti Kebangsaan Malaysia (UKM), Bangi 43600, Selangor, Malaysia)

  • Muhammad Shahar Jusoh

    (Faculty of Applied and Human Sciences, Universiti Malaysia Perlis, Kangar 01000, Perlis, Malaysia)

Abstract

Industry 4.0 has the potential to cause both evolutionary (operational) and revolutionary (strategic) changes, but assessing the readiness of companies towards Industry 4.0 has largely been a challenge. Industry 4.0 readiness is also important as it is the first step for companies that want to adopt Industry 4.0 technologies. This paper pilot surveys 100 technology companies in Malaysia to understand their overall readiness towards Industry 4.0. In particular, this research paper contributes to the assessment of Industry 4.0 readiness in terms of seven key areas: (i) Market pressure, (ii) risk-taking, (iii) knowledge, (iv) management support, (v) competencies, (vi) motivation and (vii) freedom. These findings can act as stepping stones for managers and companies that are aiming towards the implementation of Industry 4.0 readiness.

Suggested Citation

  • Mansoor Ahmed Soomro & Mohd Hizam-Hanafiah & Nor Liza Abdullah & Mohd Helmi Ali & Muhammad Shahar Jusoh, 2021. "Industry 4.0 Readiness of Technology Companies: A Pilot Study from Malaysia," Administrative Sciences, MDPI, vol. 11(2), pages 1-18, May.
    • Handle: RePEc:gam:jadmsc:v:11:y:2021:i:2:p:56-:d:563042
    as

    Download full text from publisher

    File URL: https://www.mdpi.com/2076-3387/11/2/56/pdf
    Download Restriction: no
    File URL: https://www.mdpi.com/2076-3387/11/2/56/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Vasja Roblek & Maja Meško & Alojz Krapež, 2016. "A Complex View of Industry 4.0," SAGE Open, , vol. 6(2), pages 21582440166, June.
    2. Dag Øivind Madsen, 2019. "The Emergence and Rise of Industry 4.0 Viewed through the Lens of Management Fashion Theory," Administrative Sciences, MDPI, vol. 9(3), pages 1-25, September.
    3. Kim, Junmo, 2018. "Are countries ready for the new meso revolution? Testing the waters for new industrial change in Korea," Technological Forecasting and Social Change, Elsevier, vol. 132(C), pages 34-39.
    4. Abbas Keramati & Masoud Afshari-Mofrad & Iman Behmanesh & Reihaneh Gholami, 2016. "The impact of information technology maturity on firm performance considering the moderating role of relational maturity: an empirical research," International Journal of Business Information Systems, Inderscience Enterprises Ltd, vol. 23(1), pages 23-43.
    Full references (including those not matched with items on IDEAS)

    Citations

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


    Cited by:

    1. Abdul-Hamid, Asma-Qamaliah & Ali, Mohd Helmi & Osman, Lokhman Hakim & Tseng, Ming-Lang & Lim, Ming K., 2022. "Industry 4.0 quasi-effect between circular economy and sustainability: Palm oil industry," International Journal of Production Economics, Elsevier, vol. 253(C).

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Rosin Frédéric & Magnani Florian & Joblot Laurent & Pascal Forget & Robert Pellerin & Lamour Samir, 2022. "Lean 4.0: typology of scenarios and case studies to characterize Industry 4.0 autonomy model [Lean 4.0 : typologie de scénarios d'études visant à caractériser les modèles d'autonomie 4.0]," Post-Print hal-03799489, HAL.
    2. Hong Jiang & Shuyu Sun & Hongtao Xu & Shukuan Zhao & Yong Chen, 2020. "Enterprises' network structure and their technology standardization capability in Industry 4.0," Systems Research and Behavioral Science, Wiley Blackwell, vol. 37(4), pages 749-765, July.
    3. Nagendra Kumar Sharma & Vimal Kumar & Kuei-Kuei Lai & Wen-Kuo Chen, 2022. "Perceived Impediments and Anticipated Solutions to HR (Human Resource) Towards Implementing Industry 4.0 in SMEs: Impediments and Anticipated Solutions to HR," International Journal of Technology and Human Interaction (IJTHI), IGI Global, vol. 18(7), pages 1-26, June.
    4. Siqing Shan & Xin Wen & Yigang Wei & Zijin Wang & Yong Chen, 2020. "Intelligent manufacturing in industry 4.0: A case study of Sany heavy industry," Systems Research and Behavioral Science, Wiley Blackwell, vol. 37(4), pages 679-690, July.
    5. Gergely Marcell Honti & Janos Abonyi, 2019. "A Review of Semantic Sensor Technologies in Internet of Things Architectures," Complexity, Hindawi, vol. 2019, pages 1-21, June.
    6. Christian Hoyer & Indra Gunawan & Carmen Haule Reaiche, 2020. "The Implementation of Industry 4.0 – A Systematic Literature Review of the Key Factors," Systems Research and Behavioral Science, Wiley Blackwell, vol. 37(4), pages 557-578, July.
    7. Eleonora Di Maria & Valentina De Marchi & Ambra Galeazzo, 2022. "Industry 4.0 technologies and circular economy: The mediating role of supply chain integration," Business Strategy and the Environment, Wiley Blackwell, vol. 31(2), pages 619-632, February.
    8. Yüksel, Hilmi, 2020. "An empirical evaluation of industry 4.0 applications of companies in Turkey: The case of a developing country," Technology in Society, Elsevier, vol. 63(C).
    9. Emanuele Gabriel Margherita & Ilenia Bua, 2021. "The Role of Human Resource Practices for the Development of Operator 4.0 in Industry 4.0 Organisations: A Literature Review and a Research Agenda," Businesses, MDPI, vol. 1(1), pages 1-16, April.
    10. Asterios Stroumpoulis & Evangelia Kopanaki & George Karaganis, 2021. "Examining the Relationship between Information Systems, Sustainable SCM, and Competitive Advantage," Sustainability, MDPI, vol. 13(21), pages 1-21, October.
    11. Rafael, Lizarralde Dorronsoro & Jaione, Ganzarain Epelde & Cristina, López & Ibon, Serrano Lasa, 2020. "An Industry 4.0 maturity model for machine tool companies," Technological Forecasting and Social Change, Elsevier, vol. 159(C).
    12. Calış Duman, Meral & Akdemir, Bunyamin, 2021. "A study to determine the effects of industry 4.0 technology components on organizational performance," Technological Forecasting and Social Change, Elsevier, vol. 167(C).
    13. Barbara Aquilani & Michela Piccarozzi & Tindara Abbate & Anna Codini, 2020. "The Role of Open Innovation and Value Co-creation in the Challenging Transition from Industry 4.0 to Society 5.0: Toward a Theoretical Framework," Sustainability, MDPI, vol. 12(21), pages 1-21, October.
    14. Silveira Gontijo, Tiago & Motta Alves, Fabiana Alexandra, 2018. "A Bibliometric Study On Industry 4.0," MPRA Paper 115925, University Library of Munich, Germany, revised 23 Dec 2019.
    15. Rok Črešnar & Zlatko Nedelko, 2020. "Understanding Future Leaders: How Are Personal Values of Generations Y and Z Tailored to Leadership in Industry 4.0?," Sustainability, MDPI, vol. 12(11), pages 1-19, May.
    16. Granados, Cristian & Ayala, Yarid & Ramos-Mejia, Monica, 2024. "Is it substantive or just symbolic? Understanding innovation theater in organisations: The case of technology-based innovation," Technovation, Elsevier, vol. 129(C).
    17. Cui, Yongfeng & Liu, Wei & Rani, Pratibha & Alrasheedi, Melfi, 2021. "Internet of Things (IoT) adoption barriers for the circular economy using Pythagorean fuzzy SWARA-CoCoSo decision-making approach in the manufacturing sector," Technological Forecasting and Social Change, Elsevier, vol. 171(C).
    18. Simona Šarotar Žižek & Matjaž Mulej & Amna Potočnik, 2021. "The Sustainable Socially Responsible Society: Well-Being Society 6.0," Sustainability, MDPI, vol. 13(16), pages 1-31, August.
    19. Zimei Liu & Kefan Xie & Ling Li & Yong Chen, 2020. "A paradigm of safety management in Industry 4.0," Systems Research and Behavioral Science, Wiley Blackwell, vol. 37(4), pages 632-645, July.
    20. Dwivedi, Ashish & Moktadir, Md. Abdul & Chiappetta Jabbour, Charbel José & de Carvalho, Daniel Estima, 2022. "Integrating the circular economy and industry 4.0 for sustainable development: Implications for responsible footwear production in a big data-driven world," Technological Forecasting and Social Change, Elsevier, vol. 175(C).

    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:gam:jadmsc:v:11:y:2021:i:2:p:56-:d:563042. 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.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with 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: MDPI Indexing Manager (email available below). General contact details of provider: https://www.mdpi.com .

    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.