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Smart Manufacturing as a Management Strategy to Achieve Sustainable Competitiveness

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  • Muhammad Rahim Ejaz

    (University of Pecs)

Abstract

The aim of this study is to determine whether smart technologies can bring sustainable competitiveness to manufacturing firms and this study attempts to determine it through theoretical linear modelling. This paper reflects on the importance of sustainable competitiveness and means of achieving sustainable competitiveness by highlighting it through analysis of scientific literature review. It explains competitiveness by the means of resources and capabilities, clustering, and public policy. This study also presents an analytical framework that interlinks Quintuple Helix model, Industry 5.0, and sustainable competitive. This study also emphasizes on a management strategy that explains how a manufacturing firm devise a strategy to obtain sustainable competitiveness. A theoretical linear model is developed that identifies digital technologies proven to be the source of manufacturing competitiveness. This work also shed light to the limitations in order to measure or determine competitiveness factor at national, regional, or firm level. For the future researchers, this study provides a baseline to develop a mechanism of measuring competitiveness based on smart technology.

Suggested Citation

  • Muhammad Rahim Ejaz, 2024. "Smart Manufacturing as a Management Strategy to Achieve Sustainable Competitiveness," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 15(1), pages 682-705, March.
    • Handle: RePEc:spr:jknowl:v:15:y:2024:i:1:d:10.1007_s13132-023-01097-z
    DOI: 10.1007/s13132-023-01097-z
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    References listed on IDEAS

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    More about this item

    Keywords

    Management strategies; Smart manufacturing; Sustainable competitiveness; Quintuple Helix model;
    All these keywords.

    JEL classification:

    • E23 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Production
    • L23 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Organization of Production
    • M11 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Production Management
    • O14 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Industrialization; Manufacturing and Service Industries; Choice of Technology
    • O30 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - General

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