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Revolutionary Context of the Evolution of a Business Enterprise

In: Contemporary Challenges in Cooperation and Coopetition in the Age of Industry 4.0

Author

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  • Cezary Suszyński

    (Warsaw School of Economics)

Abstract

The complex goal of this article is (1) to present the main paths and tendencies of a historical evolution of a firm, (2) considering the succeeding four industrial revolutions, (3) with focus on the challenges and changes brought into the business enterprise by the Fourth Industrial Revolution. A vast theoretical study, with some insights into research done by different authors as well as contemporary business practices, has been conducted. The main conclusion is that a progressive, more and more complex fusion of technologies, historically initiated by single advances and continued in our times with spectacular, AI-based, cyber-physical systems have been reinforcing the evolution of business enterprises for recent two hundred years. At present, breakthrough technologies remain the leading force of revolutionary changes, but the ability to communicate and get connected with partners rather than a narrow manufacturing aspect of technologies has recently become crucial for the evolution of business enterprises.

Suggested Citation

  • Cezary Suszyński, 2020. "Revolutionary Context of the Evolution of a Business Enterprise," Springer Proceedings in Business and Economics, in: Agnieszka Zakrzewska-Bielawska & Iwona Staniec (ed.), Contemporary Challenges in Cooperation and Coopetition in the Age of Industry 4.0, chapter 0, pages 345-358, Springer.
    • Handle: RePEc:spr:prbchp:978-3-030-30549-9_18
    DOI: 10.1007/978-3-030-30549-9_18
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    More about this item

    Keywords

    Business enterprise; Industrial revolution; Breakthrough technology;
    All these keywords.

    JEL classification:

    • L14 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Transactional Relationships; Contracts and Reputation
    • L21 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Business Objectives of the Firm

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