A Digital Framework for Industry 4.0: Managing Strategy

✍ Scribed by Ana Landeta Echeberria

• Publisher: Palgrave Macmillan
• Year: 2021
• Tongue: English
• Leaves: 171
• Category: Library

✦ Synopsis

This book examines the impact of industry 4.0, and constructs a strategic digital transformation operational framework to prepare for it. It begins by examining the background of industry 4.0, exploring the industrial internet, new business models and disruptive technologies, as well as the challenges that this revolution brings for industries and manager.

The research enhances our understanding of strategic digital transformation framework within industry 4.0. It will be valuable reading for academics working in the field of industry 4.0 and strategy, as well as practitioners interested in enhancing their firms’ readiness for industry 4.0.

✦ Table of Contents

Foreword
Preface
Acknowledgements
Contents
List of Figures
List of Tables
Introduction
Chapter 1: The Industrial Internet and the Potentially Economically Disruptive Technologies
1 The Industrial Internet (Industry 4.0): Concept and Context
1.1 Definition and Development
1.2 Main Characteristics
1.3 Industry 4.0: Challenges and Opportunities
1.4 The Companies in Worldwide Framework of Industry 4.0
2 Disruptive Technologies
2.1 Technological Evolution and Training-Business Strategy
2.2 Challenges for Business Leaders
References
Chapter 2: The New Economy and New Business Models
1 New Economy Definition and Main Elements
2 Digital Business Model Transformation
2.1 Theoretical Perspective
2.2 Economics of Digital Information
2.3 Negligible Marginal Costs
2.4 Network Externalities
2.5 Barriers and Enablers of Business Model Change
3 Digital Business Models
3.1 Origins of Business Models
3.2 The Business Model Concept
3.3 Best Practices: Digital Business Models
4 Characteristics for E-Business Environment
4.1 Generic Strategies and E-Business Performance
4.2 New Digital Business Models for E-Organizations
4.3 New Strategies for E-Organizations
References
Chapter 3: Digital Transformation Business Landscape
1 Background and Basic Understanding
1.1 The Benefits of Digital Transformation
1.2 Two Perspectives of Digital Transformation
2 The 4 Dimensions of Digital Transformation Strategies
2.1 Procedural Aspects of Digital Transformation Strategies
2.2 Integrating Digital Transformation into Firms
3 Challenges and Strategic Paths to Transformation
3.1 Main Characteristics of Transformation Process Elements
References
Chapter 4: Digital Transformation Implementation Plan
1 Digital Transformation Roadmap
1.1 Phases of Development
1.2 Integration
Building Bridges Between the Business and Information/Processes
Building Bridges for Actionable Intelligence
Building Human Bridges in a Digital Transformation Strategy
Bridges to Build New Ecosystems
Building Bridges Between Technologies
Bridging Technologies and Innovation
At the Core of Any Digital Transformation Strategy: Building Bridges with the Future
Bridging Intent and Achievement: Where Do You Want Your Digital Transformation Strategy to Take You?
Digital Transformation Strategy: Planning Mapping and Prioritizing for the Future
Bridging Risk and Certainty
What You Can Learn from Leading Incumbents
Digital Transformation Strategy and Asking the Right Questions
1.3 Measurement
Executing the Change
Making a Case for Digital Transformation
Digital KPIs: Keys to Measuring Digital Transformation Success
References
Chapter 5: Digital Transformation Strategy Framework
1 The Relevance of Business Models and the Existence of a Digital Strategy
2 Construct of Strategic Framework
2.1 Research Model and Methodology
Research Model
Methodology
Fitness of Research Method Used in a DT Strategy Model for Businesses
Phases of Development
3 Tools
3.1 Model Proposed for Internal Training Plan Adapted to the Digital Strategy of the Company Within the Framework of Industry 4.0
3.2 Tool for Diagnosing the Level of Digital Maturity
Interpreting the Diagnosis Results
Types of Diagnoses Associated with the Level of Digital Maturity of the Company
Diagnosis of the Digital Maturity Results of the “Novice Company”
Principal Characteristics
Graphic Representation of the Diagnosis
The Road to Follow (Recommendations)
Diagnosis of Digital Maturity: Results for “Observant Company”
Principal Characteristics
Graphic Representation of the Diagnosis
The Road to Follow (Recommendations)
Diagnosis of the Digital Maturity of the Results of the “Transformative Company”
Principal Characteristics
Graphic Representation of the Diagnosis
The Road to Follow (Recommendations)
3.3 Scorecard and Actions Associated with Reaching Digital Maturity
Scorecard Tool for the Assessment and Actions Associated with the Scope of the Optimum Degree of Digital Maturity
3.4 Digital Transformation Strategy Framework
Phase 1: Insights and Analysis
Phase 2: Digital Framework
Phase 3: The Digital Scope
Phase 4: Execution & Governance
Phase 1: Insights & Analysis
External Analysis (the Digital Way)
Customer Experience Mapping
Digital Value Chain Analysis
Phase 2: Digital Framework
Create Your Iteration Model
Distilled to One Big Idea
Digital Base
4 Objectives:
4.1 Digital Scope: To Address the Company’s Approach to Key Areas of Digital and Outline the Purpose, Key Initiatives and Challenges of Each Objective
4.2 Execution & Governance
Prioritizing Your Projects
Iterative Governance Models
4.3 Digital Transformation Strategy Development Plan
Digital Strategy Plan Design
4.4 Digital Transformation Strategy’s Balance Scorecard
4.5 The Seven Elements
Current Situation (Point A) Digital Strategy Implementation Plan
References
Conclusions
Integrating Digital Transformation Strategies into Firms
In Business Terms
In Technological Terms
Index