IDEAS home Printed from https://ideas.repec.org/a/gam/jeners/v14y2021i6p1642-d517535.html
   My bibliography  Save this article

Impact of Management Tools Supporting Industry 4.0 on the Importance of CSR during COVID-19. Generation Z

Author

Listed:
  • Szymon Cyfert

    (Institute of Management, Poznan University of Economics and Business, al. Niepodległosci 10, 61-875 Poznan, Poland)

  • Waldemar Glabiszewski

    (Faculty of Economic Sciences and Management, Nicolaus Copernicus University in Torun, ul. Gagarina 13a, 87-100 Torun, Poland)

  • Maciej Zastempowski

    (Faculty of Economic Sciences and Management, Nicolaus Copernicus University in Torun, ul. Gagarina 13a, 87-100 Torun, Poland)

Abstract

Taking into account the impact of the COVID-19 and adopting the assessment optics of students from Generation Z currently entering the labor market, we have made the aim of this article to provide better insight into the relationship between Industry 4.0 and corporate social responsibility. The survey was conducted in the form of an online survey in two leading universities in Poland in the field of economic education. 646 students took part in the survey. The data were analyzed using logit regression models. The results of the study suggest that the increase in the use of management solutions supporting Industry 4.0 in the wake of the COVID-19 crisis will increase the importance of the economic, social, and environmental dimensions of corporate social responsibility. Pointing to the forecasted increase importance of corporate social responsibility, we suggest linking management solutions supporting Industry 4.0 with corporate social responsibility. However, we also draw attention to the impact of individual management solutions supporting Industry 4.0 on specific Corporate Social Responsibility (CSR) dimensions.

Suggested Citation

  • Szymon Cyfert & Waldemar Glabiszewski & Maciej Zastempowski, 2021. "Impact of Management Tools Supporting Industry 4.0 on the Importance of CSR during COVID-19. Generation Z," Energies, MDPI, vol. 14(6), pages 1-13, March.
    • Handle: RePEc:gam:jeners:v:14:y:2021:i:6:p:1642-:d:517535
    as

    Download full text from publisher

    File URL: https://www.mdpi.com/1996-1073/14/6/1642/pdf
    Download Restriction: no
    File URL: https://www.mdpi.com/1996-1073/14/6/1642/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Aitor Ardanza & Aitor Moreno & Álvaro Segura & Mikel de la Cruz & Daniel Aguinaga, 2019. "Sustainable and flexible industrial human machine interfaces to support adaptable applications in the Industry 4.0 paradigm," International Journal of Production Research, Taylor & Francis Journals, vol. 57(12), pages 4045-4059, June.
    2. Carroll, Archie B., 1991. "The pyramid of corporate social responsibility: Toward the moral management of organizational stakeholders," Business Horizons, Elsevier, vol. 34(4), pages 39-48.
    3. Soumodip Sarkar & Dulce Matos Coelho & João Maroco, 2016. "Strategic Orientations, Dynamic Capabilities, and Firm Performance: an Analysis for Knowledge Intensive Business Services," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 7(4), pages 1000-1020, December.
    4. Alexandre Moeuf & Robert Pellerin & Samir Lamouri & Simon Tamayo-Giraldo & Rodolphe Barbaray, 2018. "The industrial management of SMEs in the era of Industry 4.0," International Journal of Production Research, Taylor & Francis Journals, vol. 56(3), pages 1118-1136, February.
    5. Dra. Belén Fernández-Feijóo Souto, 2009. "Crisis and Corporate Social Responsibility: Threat or Opportunity?," International Journal of Business and Economic Sciences Applied Research (IJBESAR), International Hellenic University (IHU), Kavala Campus, Greece (formerly Eastern Macedonia and Thrace Institute of Technology - EMaTTech), vol. 2(1), pages 36-50, June.
    6. Kerstin Fehre & Florian Weber, 2016. "Challenging corporate commitment to CSR," Management Research Review, Emerald Group Publishing Limited, vol. 39(11), pages 1410-1430, November.
    7. Denise Baden, 2016. "A reconstruction of Carroll’s pyramid of corporate social responsibility for the 21st century," International Journal of Corporate Social Responsibility, Springer, vol. 1(1), pages 1-15, December.
    8. Ana Teixeira & Marisa R. Ferreira & Aldina Correia & Vanda Lima, 2018. "Students’ perceptions of corporate social responsibility: evidences from a Portuguese higher education institution," International Review on Public and Nonprofit Marketing, Springer;International Association of Public and Non-Profit Marketing, vol. 15(2), pages 235-252, June.
    9. Kathleen M. Eisenhardt & Jeffrey A. Martin, 2000. "Dynamic capabilities: what are they?," Strategic Management Journal, Wiley Blackwell, vol. 21(10‐11), pages 1105-1121, October.
    10. Christian Voegtlin & Moritz Patzer & Andreas Scherer, 2012. "Responsible Leadership in Global Business: A New Approach to Leadership and Its Multi-Level Outcomes," Journal of Business Ethics, Springer, vol. 105(1), pages 1-16, January.
    11. Debbie Haski-Leventhal & Mehrdokht Pournader & Andrew McKinnon, 2017. "The Role of Gender and Age in Business Students’ Values, CSR Attitudes, and Responsible Management Education: Learnings from the PRME International Survey," Journal of Business Ethics, Springer, vol. 146(1), pages 219-239, November.
    12. Jamal Shamsie & Xavier Martin & Danny Miller, 2009. "In with the old, in with the new: capabilities, strategies, and performance among the Hollywood studios," Strategic Management Journal, Wiley Blackwell, vol. 30(13), pages 1440-1452, December.
    13. Sinn, Hans-Werner, 2004. "The Dilemma of Globalisation," Munich Reprints in Economics 949, University of Munich, Department of Economics.
    14. Michael Hopkins, 1999. "The Planetary Bargain," Palgrave Macmillan Books, Palgrave Macmillan, number 978-1-349-27066-8, December.
    15. Mohammed Benlemlih & Mohammad Bitar, 2018. "Corporate Social Responsibility and Investment Efficiency," Journal of Business Ethics, Springer, vol. 148(3), pages 647-671, March.
    16. Nicola Cucari & Salvatore Esposito De Falco & Beatrice Orlando, 2018. "Diversity of Board of Directors and Environmental Social Governance: Evidence from Italian Listed Companies," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 25(3), pages 250-266, May.
    17. Sidney G. Winter, 2003. "Understanding dynamic capabilities," Strategic Management Journal, Wiley Blackwell, vol. 24(10), pages 991-995, October.
    18. Andreas Knaut, 2017. "How CSR Should Understand Digitalization," CSR, Sustainability, Ethics & Governance, in: Thomas Osburg & Christiane Lohrmann (ed.), Sustainability in a Digital World, pages 249-256, Springer.
    19. Alexander Dahlsrud, 2008. "How corporate social responsibility is defined: an analysis of 37 definitions," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 15(1), pages 1-13, January.
    20. Adel Alferaih, 2019. "Understanding causal links among the dimensions of corporate social responsibility: a framework developed using interpretive structural modelling," Social Responsibility Journal, Emerald Group Publishing Limited, vol. 16(8), pages 1357-1376, October.
    21. Mohammed Benlemlih & Mohammad Bitar, 2018. "Corporate Social Responsibility and Investment Efficiency," Post-Print halshs-01321227, HAL.
    22. Paul Schneider, 2018. "Managerial challenges of Industry 4.0: an empirically backed research agenda for a nascent field," Review of Managerial Science, Springer, vol. 12(3), pages 803-848, July.
    23. Ercan Oztemel & Samet Gursev, 2020. "Literature review of Industry 4.0 and related technologies," Journal of Intelligent Manufacturing, Springer, vol. 31(1), pages 127-182, January.
    24. Muller, Alan, 0. "Global Versus Local CSR Strategies," European Management Journal, Elsevier, vol. 24(2-3), pages 189-198, April.
    25. Won‐Moo Hur & Hanna Kim & Joon Hyo Jang, 2016. "The Role of Gender Differences in the Impact of CSR Perceptions on Corporate Marketing Outcomes," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 23(6), pages 345-357, November.
    26. Radosław Miśkiewicz & Radosław Wolniak, 2020. "Practical Application of the Industry 4.0 Concept in a Steel Company," Sustainability, MDPI, vol. 12(14), pages 1-21, July.
    27. Goitom Tesfom & Nancy J. Birch, 2008. "Do offshore outsourcing firms in the USA use their investments on corporate social responsibility to alleviate negative attitudes toward offshore outsourcing?," Social Responsibility Journal, Emerald Group Publishing Limited, vol. 4(4), pages 428-438, October.
    28. Muethel, Miriam & Hoegl, Martin, 2010. "Cultural and societal influences on shared leadership in globally dispersed teams," Journal of International Management, Elsevier, vol. 16(3), pages 234-246, September.
    29. Hans-Werner Sinn, 2004. "The Dilemma of Globalisation: A German Perspective," Economie Internationale, CEPII research center, issue 100, pages 111-120.
    30. Maria Federica Izzo & Mirella Ciaburri, 2018. "Why do they do that? Motives and dimensions of family firms’ CSR engagement," Social Responsibility Journal, Emerald Group Publishing Limited, vol. 14(3), pages 633-650, September.
    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. Sreenivasan Jayashree & Mohammad Nurul Hassan Reza & Chinnasamy Agamudai Nambi Malarvizhi & Hesti Maheswari & Zohre Hosseini & Azilah Kasim, 2021. "The Impact of Technological Innovation on Industry 4.0 Implementation and Sustainability: An Empirical Study on Malaysian Small and Medium Sized Enterprises," Sustainability, MDPI, vol. 13(18), pages 1-23, September.
    2. Habarurema Jean Baptiste & Yan Guang Cai & A. Y. M. Atiquil Islam & Nzabalirwa Wenceslas, 2022. "A Systematic Review of University Social Responsibility in Post-Conflict Societies: The Case of the Great Lakes Region of East Africa," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 164(1), pages 439-475, November.
    3. Mutahhar A. Dar & Bartlomiej Gladysz & Aleksander Buczacki, 2021. "Impact of COVID19 on Operational Activities of Manufacturing Organizations—A Case Study and Industry 4.0-Based Survive-Stabilise-Sustainability (3S) Framework," Energies, MDPI, vol. 14(7), pages 1-28, March.
    4. Ariadna Linda Bednarz & Marta Borkowska-Bierć & Marek Matejun, 2021. "Managerial Responses to the Onset of the COVID-19 Pandemic in Healthcare Organizations Project Management," IJERPH, MDPI, vol. 18(22), pages 1-25, November.
    5. Zbysław Dobrowolski & Grzegorz Drozdowski & Mirela Panait, 2022. "Understanding the Impact of Generation Z on Risk Management—A Preliminary Views on Values, Competencies, and Ethics of the Generation Z in Public Administration," IJERPH, MDPI, vol. 19(7), pages 1-13, March.
    6. Monika Stelmaszczyk & Agata Pierścieniak & Anna Krzysztofek, 2021. "Managerial Energy in Sustainable Enterprises: Organizational Wisdom Approach," Energies, MDPI, vol. 14(9), pages 1-18, April.
    7. Radosław Wolniak & Adam Wyszomirski & Marcin Olkiewicz & Anna Olkiewicz, 2021. "Environmental Corporate Social Responsibility Activities in Heating Industry—Case Study," Energies, MDPI, vol. 14(7), pages 1-19, March.
    8. Liu Hong Shan & Kenny S. L. Cheah & Serrene Leong, 2023. "Leading Generation Z’s Financial Literacy Through Financial Education: Contemporary Bibliometric and Content Analysis in China," SAGE Open, , vol. 13(3), pages 21582440231, August.
    9. Chwiłkowska-Kubala Anna & Cyfert Szymon, 2022. "Are regional airports economic effectiveness-oriented? Evidence from Poland," Management, Sciendo, vol. 26(1), pages 63-78, January.
    10. Petr Petera & Jaroslav Wagner & Renáta Pakšiová, 2021. "The Influence of Environmental Strategy, Environmental Reporting and Environmental Management Control System on Environmental and Economic Performance," Energies, MDPI, vol. 14(15), pages 1-20, July.
    11. Anna Chwiłkowska-Kubala & Szymon Cyfert & Kamila Malewska & Katarzyna Mierzejewska & Witold Szumowski, 2021. "The Relationships among Social, Environmental, Economic CSR Practices and Digitalization in Polish Energy Companies," Energies, MDPI, vol. 14(22), pages 1-20, November.

    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. Sara De Masi & Agnieszka Słomka‐Gołębiowska & Claudio Becagli & Andrea Paci, 2021. "Toward sustainable corporate behavior: The effect of the critical mass of female directors on environmental, social, and governance disclosure," Business Strategy and the Environment, Wiley Blackwell, vol. 30(4), pages 1865-1878, May.
    2. Dustin Smith & Eric Rhiney, 2020. "CSR commitments, perceptions of hypocrisy, and recovery," International Journal of Corporate Social Responsibility, Springer, vol. 5(1), pages 1-12, December.
    3. Esra Alniacik & Charefeddine Moumen & Umit Alniacik, 2020. "The moderating role of personal value orientation on the links between perceived corporate social performance and purchase intentions," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 27(6), pages 2724-2734, November.
    4. John Mugambwa Serumaga-Zake & John Andrew van der Poll, 2021. "Addressing the Impact of Fourth Industrial Revolution on South African Manufacturing Small and Medium Enterprises (SMEs)," Sustainability, MDPI, vol. 13(21), pages 1-31, October.
    5. Iman Harymawan & Mohammad Nasih & Dian Agustia & Fajar Kristanto Gautama Putra & Hadrian Geri Djajadikerta, 2022. "Investment efficiency and environmental, social, and governance reporting: Perspective from corporate integration management," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 29(5), pages 1186-1202, September.
    6. Chaohai Shen & Bingquan Fang & Xiaolan Zhou, 2022. "The Relationship between Corporate Sustainable Development Performance, Investor Sentiment, and Managerial Overconfidence," Sustainability, MDPI, vol. 14(17), pages 1-19, August.
    7. Meng‐Feng Yen & Yung‐Ming Shiu & Chi‐Feng Wang, 2019. "Socially responsible investment returns and news: Evidence from Asia," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 26(6), pages 1565-1578, November.
    8. Anne Elizabeth Fordham & Guy M. Robinson, 2018. "Mapping meanings of corporate social responsibility – an Australian case study," International Journal of Corporate Social Responsibility, Springer, vol. 3(1), pages 1-20, December.
    9. Maria Giuseppina Bruna & Béchir Ben Lahouel & Brahim Gaies, 2022. "Dans les brumes de l'endogénéité. Une étude critique des relations entre performance sociétale et performance économique," Post-Print hal-04070564, HAL.
    10. Ritu Singh & Parikshit Charan & Manojit Chattopadhyay, 2019. "Dynamic capabilities and responsiveness: moderating effect of organization structures and environmental dynamism," DECISION: Official Journal of the Indian Institute of Management Calcutta, Springer;Indian Institute of Management Calcutta, vol. 46(4), pages 301-319, December.
    11. Pochara Arayakarnkul & Pattanaporn Chatjuthamard & Sirimon Treepongkaruna, 2022. "Board gender diversity, corporate social commitment and sustainability," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 29(5), pages 1706-1721, September.
    12. Çiğdem Vural‐Yavaş, 2021. "Economic policy uncertainty, stakeholder engagement, and environmental, social, and governance practices: The moderating effect of competition," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 28(1), pages 82-102, January.
    13. Wu Zhan & Roger (Rongxin) Chen, 2013. "Dynamic capability and IJV performance: The effect of exploitation and exploration capabilities," Asia Pacific Journal of Management, Springer, vol. 30(2), pages 601-632, June.
    14. Sebastiano Cupertino & Costanza Consolandi & Alessandro Vercelli, 2019. "Corporate Social Performance, Financialization, and Real Investment in US Manufacturing Firms," Sustainability, MDPI, vol. 11(7), pages 1-15, March.
    15. Eriksson, Taina, 2014. "Processes, antecedents and outcomes of dynamic capabilities," Scandinavian Journal of Management, Elsevier, vol. 30(1), pages 65-82.
    16. Muneer Mohamed Saeed Al Mubarak, 2020. "Five Senses for Effective and Sustainable Corporate Social Responsibility Strategy," International Journal of Economics and Financial Issues, Econjournals, vol. 10(1), pages 67-72.
    17. Meng Ye & Weisheng Lu & Roger Flanagan & Kwong Wing Chau, 2020. "Corporate social responsibility “glocalisation”: Evidence from the international construction business," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 27(2), pages 655-669, March.
    18. Sara Rodriguez-Gomez & Maria Lourdes Arco-Castro & Maria Victoria Lopez-Perez & Lazaro Rodríguez-Ariza, 2020. "Where Does CSR Come from and Where Does It Go? A Review of the State of the Art," Administrative Sciences, MDPI, vol. 10(3), pages 1-19, August.
    19. Izabela Jonek-Kowalska & Mariusz Zielinski, 2020. "How CSR Affects Polish Enterprises," European Research Studies Journal, European Research Studies Journal, vol. 0(4), pages 785-803.
    20. José-Luis Godos-Díez & Laura Cabeza-García & Cristina Fernández-González, 2018. "Relationship between Corporate Social Responsibility (CSR) and Internationalisation Strategies: A Descriptive Study in the Spanish Context," Administrative Sciences, MDPI, vol. 8(4), pages 1-20, October.

    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:jeners:v:14:y:2021:i:6:p:1642-:d:517535. 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.