Kabiru, Salisu Ahmed and Arshad, Rozita (2017) ID-OTH 011 A perspective on rural development strategies in Nigeria. In: 4th Conference on Business Management, 29 - 30 Oktober 2017, The Gurney Resprt Hotel & Recidences Penang, Malaysia.

PDF Restricted to Registered users only Download (438kB) | Request a copy

Abstract

The manufacturing industry has to withstand an increasing global competition on product quality and production costs. Established manufacturing companies have recognized that customers are not willing to pay large price premiums for incremental quality improvements.As a consequence, many manufacturing companies adjust their production focusing on customized products and fast time to market.In order to cope with this challenge, industrial value creation must be geared towards sustainability.Currently, the industrial value creation in the early industrialized countries is shaped by the development towards the fourth stage of industrialization, the so-called Industry 4.0. This development provides immense opportunities for the realization of sustainable manufacturing. The aim of this study is to investigate the recent development and practice of Industry 4.0 in MNCs and provide empirical information on the potentials of implementing Industry 4.0 in SMEs. The present research will be conducted in twofold via sequential exploratory mixed method approach. The first (qualitative) phase will be examining MNCs in Malaysia who have successfully implemented the Industry 4.0. Upon understanding their experiences in implementing Industry 4.0, a research instrument will be developed which will be utilized in the second (quantitative) phase of the study.SME manufacturers will be investigated on their awareness and adoption issues pertaining to the Industry 4.0.The findings of this study expected to provide new directions and new practical insights in Industry 4.0 revolution practices in manufacturing SMEs in Malaysia. Policy makers will be facilitated in appropriately outlining the measures to plan, schedule and implement (1) drivers for the next horizon of operational effectiveness, (2) adapt new business models to capture shifting value pools, and (3) build the foundation for digital transformation.

Item Type:	Conference or Workshop Item (Paper)
Additional Information:	eISBN 978-967-0910-76-5 Organized by: School of Business Management, Universiti Utara Malaysia.
Uncontrolled Keywords:	Rural Development, strategies, ADP, Green Revolution.
Subjects:	H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management
Divisions:	School of Business Management
Depositing User:	Mrs. Norazmilah Yaakub
Date Deposited:	15 Apr 2018 04:21
Last Modified:	15 Apr 2018 04:21
URI:	https://repo.uum.edu.my/id/eprint/23886

Actions (login required)

View Item