Management Challenges in the Digital Era

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Author(s): Radek Liska (University of Economics, Czech Republic)
Copyright: 2018
Pages: 18
Source title: Analyzing the Impacts of Industry 4.0 in Modern Business Environments
Source Author(s)/Editor(s): Richard Brunet-Thornton (University of Economics, Czech Republic)and Felipe Martinez (University of Economics, Czech Republic)
DOI: 10.4018/978-1-5225-3468-6.ch005

Keywords: Business & Management / Business and Organizational Research / Business Science Reference / Supply Chain Management

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Abstract

The chapter gives overview of factors that business leaders need to consider while leading their enterprise to new era of industry. Robotics, automation, and digitalization represent both an opportunity and a threat to any impacted company. The chapter introduces analysis of current trends in industrial world with focus on OECD countries. Also, it provides an overall summary of current changes to managerial roles and suggests how to steer transformation endeavor from multiple viewpoints. Furthermore, a set of general recommendations on reorganization matters towards agile structure is presented. Other challenges arising from i4.0 such as adjustments in education process and changes to employees' mindset are also addressed from managerial viewpoint. The final part of the chapter points out main conclusions and core message as well as areas of further research.

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Management Challenges in the Digital Era

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