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1 – 10 of over 16000Currently, China’s economy is in the critical phase of transforming economic development patterns and replacing old growth drivers with new ones. Whether it can successfully…
Abstract
Purpose
Currently, China’s economy is in the critical phase of transforming economic development patterns and replacing old growth drivers with new ones. Whether it can successfully overcome the “middle-income trap” has become a significant issue attracting wide attention.
Design/methodology/approach
Driven by underlying digital technologies such as artificial intelligence, blockchain, cloud computing and big data, the fourth industrial revolution featuring the booming digital economy has provided significant opportunities for China’s economy to “overtake” and overcome the “middle-income trap”. The transformation of economic development pattern, the optimization of industrial structure, and the change of growth drivers, brought by the deep integration of digital and real economies are the keys to leaping over the “middle-income trap”.
Findings
From the supply side, the digital economy can improve the quality and efficiency of the supply side and promote the supply-side structural reform and economic growth from the following three aspects: First, promote the quality, efficiency and diversification of the supply system; second, promote networking, opening-up and synergy in the innovation system and third, promote the socialization, modularization and flexibility of production pattern. From the demand side, the digital economy can boost the new drivers of the “troika” of economic growth consisting of consumption, exports and investment by changing the market investment direction, promoting consumption upgrade and fostering export strengths. However, once these two attributes interact with each other, especially when data is combined with capital, the most adhesive factor in the market economy, a series of new social relations will then be produced based on the technical attribute, resulting in significant adjustments in social relations, involving both positive and negative externalities.
Originality/value
To overcome the “middle-income trap”, it is necessary to adapt to the laws of economic evolution and promote a fundamental change in economic growth drivers; boost the high-quality development of the digital economy by strengthening the support role of data in the digital economy; and accelerate digital industrialization and industrial digitalization to realize the integration of digital and real economies.
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This study aims to evaluate the potential of using the components of the quadruple helix and quintuple helix models, which are extensions of the triple helix university-private…
Abstract
This study aims to evaluate the potential of using the components of the quadruple helix and quintuple helix models, which are extensions of the triple helix university-private sector-public sector cooperation model. Thus, the triple helix model shaped by university-private-public sector cooperation has transformed into a quadruple helix innovation model with the inclusion of the media and culture-oriented public helix. In this context, while the triple helix emphasizes tripartite networks and hybrid organizations, the quadruple helix system focuses on intertwined collaborations, coevolution, and specialization within the framework of firms, institutions, and stakeholders. In the quadruple helix innovation system, the coevolution of art and innovation has assumed a central role in knowledge generation and innovation. In the quintuple helix innovation model, the natural environment of society is added to the quadruple helix. This study consists of three parts. In the first part, the literature on triple helix, quadruple helix, and quintuple helix models is reviewed. In the second part, digital transformation and technological innovations from Industrial Revolution 1.0 to Industry 5.0 are analyzed. In the third section, the contribution of the quintuple helix model to Industry 5.0 and Society 5.0 is explained.
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Ayushi Agarwal and Sreejith Alathur
This study aims to investigate metaverse elements affecting digital transformation and examine how the metaverses’ enabled digital transformation affects Industry 5.0.
Abstract
Purpose
This study aims to investigate metaverse elements affecting digital transformation and examine how the metaverses’ enabled digital transformation affects Industry 5.0.
Design/methodology/approach
This paper adopts intersectional research methodologies to understand how metaverse technologies facilitate digital transformation and contribute to Industry 5.0. The Metaverse literature is bibliometrically analyzed to identify the intersection of digital transformation and components of Industry 5.0.
Findings
The conceptualization of the metaverse, its ecosystem and its enabling technologies are consistent with the human-centric, resilient and sustainable vision of the industrial revolution. The findings show that scientific research into digital transformation contributes to refining potential conflicts and tensions that may arise at the intersection of the metaverse and Industry 5.0.
Research limitations/implications
Study have significant implications for digital transformation research, as transformation studies help to fine-tune emerging technologies such as the metaverse for the industrial revolution. Based on the findings, the authors have provided a threat model for the Sustainable Metaverse Revolution.
Social implications
The utility of metaverse technologies in industrial revolutions necessitates the formulation of business model policies that promote the metaverse-enabled digital transformation. Policy recommendations for integrated development approaches are also provided in this paper.
Originality/value
The metaverse-enabled digital transformation and its implications for the industrial revolution are less reported. The current study addresses the importance of such intersectional studies.
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Josiline Phiri Chigwada and Collence Takaingenhamo Chisita
The fourth industrial revolution (4IR) is radically transforming the roles and responsibilities of librarians in different types of libraries. This calls for a fundamental rethink…
Abstract
The fourth industrial revolution (4IR) is radically transforming the roles and responsibilities of librarians in different types of libraries. This calls for a fundamental rethink in order to retool the competencies and skills of librarians to ensure that they deliver efficient services to patrons who have diverse and dynamic information needs. The digital era provides librarians with an opportunity to reprofile their competencies and reinvent themselves in order to remain relevant. This chapter documents continuous professional development by librarians in the industry 4.0 era. A literature review was done to unpack how libraries are dealing with the impact of the 4IR. The findings revealed that the libraries are affected by the seismic technological changes that are arise from the 4th industrial revolution and librarians should develop their skills to be able to remain relevant in the industry 4.0 era.
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Tomislav Hernaus, Aleša Saša Sitar and Ana Aleksić Mirić
Technological development creates technological imperative for organisations. The most recent is dedicated to digital technologies with a strong influence on the way of managing…
Abstract
Technological development creates technological imperative for organisations. The most recent is dedicated to digital technologies with a strong influence on the way of managing and organising. To gain a better understanding of the latest business practice, the authors use a multilevel perspective and apply the historical analysis method. Specifically, this chapter explores organisational design (OD) of the future through the evolutionary perspective (spanning across the four industrial revolutions) and brings into focus how technological imperatives modified organisational structure, coordination mechanisms and people/job practices. By reflecting on the historical changes in OD practices that happened throughout different phases of industrialisation, the authors analyse how building blocks of digital OD shape managerial and employee behaviours, thus unleashing the performance potential of digital technologies.
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The purpose of this paper is to identify the invention of computer systems, information and communication technology and the internet as the critical landmarks in the…
Abstract
Purpose
The purpose of this paper is to identify the invention of computer systems, information and communication technology and the internet as the critical landmarks in the transformation of information processing, storage, retrieval and dissemination.
Design/methodology/approach
A survey of 42 librarians in the Nigerian cities of Lagos and Ibadan was carried out, along with information gathered from research on the internet.
Findings
The paper reports on how the internet can affect African cultural values in the area of songs/music and dance, theater, dress, languages, arts, housing, marriage, child care, friendship, decoration, religion, politics and personality profile development. Librarians' IT skills, internet literacy and awareness of the implications of the unfolding environment on library and African cultural value systems are discussed.
Originality/value
The paper recommends a set of proactive professional repositioning that African librarians must initiate as custodians of both information and African rich cultural heritage.
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Jose Rodolfo Hernandez-Carrion
Libraries face an uncertain situation in present times of the “digital revolution” while every single sector moved online. The purpose of this paper is to search and propose…
Abstract
Purpose
Libraries face an uncertain situation in present times of the “digital revolution” while every single sector moved online. The purpose of this paper is to search and propose potential library actions as response to the challenge of the peer-to-peer (p2p) sharing platform revolution in business models, a revolution to gain efficiency and to protect the environment.
Design/methodology/approach
This research focused on integrating economics and library concepts based on a selective literature review and real-world interaction. The main concern is to connect library possibilities with the emergence of p2p digital platforms, which has enabled individuals to make use of underused inventory via fee-based sharing, as a way of obtaining, giving or sharing access to goods and services. The authors balance the existing proposals to achieve how librarians can help.
Findings
This paper defines key types of potential applications for platform business models in the sharing economy promoted by librarians and describes their characteristics for the renaissance of the “New libraries”. First, “educating” society to face critically the disruptive change in networks of culture and information. Second, “growing” as key reference institutions and community service centres integrating “external” skills. Third, “promoting” the disruptive economy by creation or participation in digital platforms. Fourth, “creating” cooperative markets through social-economic currencies.
Originality/value
This research was carried out with the objective of determining how librarians contribute to sustainable development. All four proposals to implement represent possibilities that derive from the sharing economy approach at different levels of implementation according to the degree of commitment that librarians require to translate into specific actions.
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This article examines the leadership vision, values and vigilance of an emerging markets logistics firm in managing customer and humanitarian concerns and critical supply chains…
Abstract
Purpose
This article examines the leadership vision, values and vigilance of an emerging markets logistics firm in managing customer and humanitarian concerns and critical supply chains during the COVID-19 pandemic. The study explores how an emerging markets firm has contributed to global supply chain mobility and vaccine distribution in the pandemic – keeping cargo moving – drawing on vision, values and vigilance, including attention to the innovation momentum of the firm.
Design/methodology/approach
The article concentrates on an exemplar firm, leader and management team to illustrate challenges of helmsmanship during the pandemic for an emerging markets firm, Agility, that operates worldwide in numerous developed and developing economy markets. The article develops a case study analyzing how Agility has met the simultaneous challenges for innovation and transformation in the digital revolution and navigation through the crisis times of the global pandemic. The analysis derives from direct management communications, corporate documents and media sources.
Findings
The vision, values and vigilance of the leadership, with emphasis on digital innovations and disruptions, digital supply chains, humanitarian partnerships, focusing both globally and on emerging markets, and nurturing smaller as well as larger businesses, have enabled the firm to thrive. Given the importance of global supply chains during COVID-19, Agility is a pivotal example of partnering with governments and pharmaceutical companies worldwide in delivering the new array of vaccines, as well as personal protective equipment and other medical supplies, in the battle against the pandemic. Agility in addition illustrates the strategic value of partnering with other logistics firms in humanitarian collaborations as well as in business strategy transactions.
Research limitations/implications
The article contributes to the emergent research stream on leadership, innovation and internationalization in the Arabian Gulf Cooperation Council and Middle East North Africa (GCC/MENA) region and more generally on the strengths and proficiencies of emerging market firms and leaders. Future research could examine additional firms, industries or regions of the world during the pandemic or other crisis contexts. Further data sources and analyses can be used in validating and extending the findings.
Practical implications
Digital supply chains, humanitarian partnerships and an emphasis on digital communications, storage and transportation innovations can benefit firms from all regions of the world during the global pandemic and other crises, as well as in normal operations.
Social implications
Emerging markets represent the majority of global population and economic growth, as well as of pandemic cases and mortality risk, signifying the importance of leadership, collaboration and innovation around issues such as vaccine delivery into emerging markets regions of the world.
Originality/value
The article takes a revelatory case perspective in the pandemic crisis context from a unique foundation of immersive field research and data access in the GCC/MENA) region.
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