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Value Chain in Industry 4.0, Concept Development in the Previous Industrial Revolutions

Author

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  • Teodor Emanuel Petreanu

    (The Bucharest University of Economic Studies)

Abstract

A value chain means bringing a product from designing (conception) to delivery, and it includes all the stages needed, in a business, to bring something from the producer to client, including marketing and distribution. If a company is focused on production of goods, a value chain contains all the stages and inputs from the raw materials needed to consumer delivery. This paper aims to illustrates the value chain concept in his entire evolution, in developing business models, in all the four industrial revolutions. After Steam, Electrical power and IT revolutions, now we leave the CPS industrial revolution. Industry 4.0 is a german term used for the new type of industry, that includes services sold by the industry. Growth clusters of high-added activities bring high income into the economy. Interdependence is the future and this trend includes real and financial market interactions.

Suggested Citation

  • Teodor Emanuel Petreanu, 2019. "Value Chain in Industry 4.0, Concept Development in the Previous Industrial Revolutions," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(1), pages 272-275, August.
    • Handle: RePEc:ovi:oviste:v:xix:y:2019:i:1:p:272-275
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    More about this item

    Keywords

    business models; value chain; creative industries; Industry 4.0;
    All these keywords.

    JEL classification:

    • M20 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics - - - General
    • N10 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - General, International, or Comparative
    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development

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