Pub Date : 1900-01-01DOI: 10.4018/978-1-7998-7793-6.ch005
M. S. Solmaz, Cihat Aşan, A. Şıhmantepe
Many businesses around the world have begun to take advantage of digital technology in recent years. Making use of digital technology enables one to do things in less time, need fewer employees, reduce costs, use information and resources effectively, produce the most products with the least resources, and consequently, increase the profitability of the enterprises. The shipping sector is one of the building blocks of the maritime industry. It aims to increase its profitability by digitizing in today's increasingly competitive conditions. In recent years, digital twin (DT) technology has been used extensively for the digitalization of the sector. This chapter introduces the current and potential uses of DT technology in ship operations and management and gives an idea about how DT technology will create an opportunity to develop the shipping sector.
{"title":"Digital Transformation in Ship Operations and Management","authors":"M. S. Solmaz, Cihat Aşan, A. Şıhmantepe","doi":"10.4018/978-1-7998-7793-6.ch005","DOIUrl":"https://doi.org/10.4018/978-1-7998-7793-6.ch005","url":null,"abstract":"Many businesses around the world have begun to take advantage of digital technology in recent years. Making use of digital technology enables one to do things in less time, need fewer employees, reduce costs, use information and resources effectively, produce the most products with the least resources, and consequently, increase the profitability of the enterprises. The shipping sector is one of the building blocks of the maritime industry. It aims to increase its profitability by digitizing in today's increasingly competitive conditions. In recent years, digital twin (DT) technology has been used extensively for the digitalization of the sector. This chapter introduces the current and potential uses of DT technology in ship operations and management and gives an idea about how DT technology will create an opportunity to develop the shipping sector.","PeriodicalId":114540,"journal":{"name":"Management Strategies for Sustainability, New Knowledge Innovation, and Personalized Products and Services","volume":"36 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"126613635","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 1900-01-01DOI: 10.4018/978-1-7998-7793-6.ch009
Metehan Feridun Sorkun, Ö. Özpeynirci
This chapter seeks to identify the set of conditions under which the mirroring hypothesis holds, proposing that modular product architecture leads to organizational modularity (i.e., supplier disintegration). The contradictory results on the mirroring hypothesis in the extant literature call for a more holistic analysis of the issue. To this end, this chapter develops a multi-objective mathematical model, allowing for the simultaneous examination of potentially influential factors, including those claimed to be neglected by the mirroring hypothesis. The findings reveal that modular product architecture does not necessarily lead to supplier disintegration, but that its effect is contingent on a firm's priorities.
{"title":"The Effect of Product Modularity on Supplier Integration","authors":"Metehan Feridun Sorkun, Ö. Özpeynirci","doi":"10.4018/978-1-7998-7793-6.ch009","DOIUrl":"https://doi.org/10.4018/978-1-7998-7793-6.ch009","url":null,"abstract":"This chapter seeks to identify the set of conditions under which the mirroring hypothesis holds, proposing that modular product architecture leads to organizational modularity (i.e., supplier disintegration). The contradictory results on the mirroring hypothesis in the extant literature call for a more holistic analysis of the issue. To this end, this chapter develops a multi-objective mathematical model, allowing for the simultaneous examination of potentially influential factors, including those claimed to be neglected by the mirroring hypothesis. The findings reveal that modular product architecture does not necessarily lead to supplier disintegration, but that its effect is contingent on a firm's priorities.","PeriodicalId":114540,"journal":{"name":"Management Strategies for Sustainability, New Knowledge Innovation, and Personalized Products and Services","volume":"2 4‐5","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"133112180","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 1900-01-01DOI: 10.4018/978-1-7998-7793-6.ch012
R. Ranjan
Innovation of products continually, customization, and personalization are the strategies to gain sustainable competitive advantage for companies operating in Industry 4.0 era. Corporations tend to turn to the new social media for access to customer data. How much big data in terms of variety, veracity, velocity, and volume the corporation has determines its prediction architecture and hence customer satisfaction. This is reflected both in terms of inflecting revenues as well as investment from the venture capitalists (VCs), who then see great potential in the business, whether it be a start-up, an established organization, or its spin-off. This chapter explains this new management strategy for corporate sustainability through application of social media to acquire personal consumer and customer data. This is to devise customised products, personalize experience, and innovate for the two. The chapter takes exceptional growth story of BYJU's an educational technology company, as an example to elucidate the theory, concepts, and ideas discussed.
{"title":"Product Innovation and Personalization via Social Media","authors":"R. Ranjan","doi":"10.4018/978-1-7998-7793-6.ch012","DOIUrl":"https://doi.org/10.4018/978-1-7998-7793-6.ch012","url":null,"abstract":"Innovation of products continually, customization, and personalization are the strategies to gain sustainable competitive advantage for companies operating in Industry 4.0 era. Corporations tend to turn to the new social media for access to customer data. How much big data in terms of variety, veracity, velocity, and volume the corporation has determines its prediction architecture and hence customer satisfaction. This is reflected both in terms of inflecting revenues as well as investment from the venture capitalists (VCs), who then see great potential in the business, whether it be a start-up, an established organization, or its spin-off. This chapter explains this new management strategy for corporate sustainability through application of social media to acquire personal consumer and customer data. This is to devise customised products, personalize experience, and innovate for the two. The chapter takes exceptional growth story of BYJU's an educational technology company, as an example to elucidate the theory, concepts, and ideas discussed.","PeriodicalId":114540,"journal":{"name":"Management Strategies for Sustainability, New Knowledge Innovation, and Personalized Products and Services","volume":"142 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127479975","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 1900-01-01DOI: 10.4018/978-1-7998-7793-6.ch002
Priyadarsini Patnaik
A recommendation system is a significant part of artificial intelligence (AI) to help users' access information at any time and from anywhere. Online product recommender systems are widely used to recommend products based on consumers' preferences. The traditional recommendation algorithms of recommendation engines do not meet the needs of users in the AI environment when exposed to large amounts of data resulting in a low recommendation efficiency. To address this, a personalized recommendation system was introduced. These personalized recommendation systems (PRS) are an important component for ecommerce players in the Indian e-commerce aspects. Since personalized recommendations are becoming increasingly popular, this study examines information processing theory with respect to personalized recommendations and their impact on user satisfaction. Further, relationships between the variables were examined by conducting regression analysis and found a positive correlation exists between personalized product recommendation and user satisfaction.
{"title":"Personalized Product Recommendation and User Satisfaction","authors":"Priyadarsini Patnaik","doi":"10.4018/978-1-7998-7793-6.ch002","DOIUrl":"https://doi.org/10.4018/978-1-7998-7793-6.ch002","url":null,"abstract":"A recommendation system is a significant part of artificial intelligence (AI) to help users' access information at any time and from anywhere. Online product recommender systems are widely used to recommend products based on consumers' preferences. The traditional recommendation algorithms of recommendation engines do not meet the needs of users in the AI environment when exposed to large amounts of data resulting in a low recommendation efficiency. To address this, a personalized recommendation system was introduced. These personalized recommendation systems (PRS) are an important component for ecommerce players in the Indian e-commerce aspects. Since personalized recommendations are becoming increasingly popular, this study examines information processing theory with respect to personalized recommendations and their impact on user satisfaction. Further, relationships between the variables were examined by conducting regression analysis and found a positive correlation exists between personalized product recommendation and user satisfaction.","PeriodicalId":114540,"journal":{"name":"Management Strategies for Sustainability, New Knowledge Innovation, and Personalized Products and Services","volume":"16 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"114625808","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 1900-01-01DOI: 10.4018/978-1-7998-7793-6.ch011
N. R. Rao
Many concepts are emerging in the disciplines of management and information and communication technology. One needs to identify the concepts that are useful in designing and developing the business models for addressing the business issues of an enterprise. This chapter gives an overview of the various concepts in the disciplines of management and information technology. In the present business scenario, interdisciplinary concepts are needed to develop business models under open innovation environment. An enterprise has to choose the relevant concepts from the two disciplines as per their requirements in designing business models for their open innovation initiatives.
{"title":"Addressing the Business Issues Through Open Innovation Initiatives","authors":"N. R. Rao","doi":"10.4018/978-1-7998-7793-6.ch011","DOIUrl":"https://doi.org/10.4018/978-1-7998-7793-6.ch011","url":null,"abstract":"Many concepts are emerging in the disciplines of management and information and communication technology. One needs to identify the concepts that are useful in designing and developing the business models for addressing the business issues of an enterprise. This chapter gives an overview of the various concepts in the disciplines of management and information technology. In the present business scenario, interdisciplinary concepts are needed to develop business models under open innovation environment. An enterprise has to choose the relevant concepts from the two disciplines as per their requirements in designing business models for their open innovation initiatives.","PeriodicalId":114540,"journal":{"name":"Management Strategies for Sustainability, New Knowledge Innovation, and Personalized Products and Services","volume":"29 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"134503638","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 1900-01-01DOI: 10.4018/978-1-7998-7793-6.ch010
Marisa R. Ferreira, Carina Silva, Beatriz Casais
Today's ever-changing business environment is very demanding for companies, particularly those of modest dimensions and operating in more traditional formats. There is an imperative change happening in market and consumer behavior – a need for digital transformation or digital complement to the traditional business model, aiming at improving the lives of individuals, groups, and society as a whole. A Portuguese small company that manufactures cookies and biscuits has identified a need to move forward and revitalize its traditional business format, preserving its traditional origins but seeking to reframe its business in a more digital context. The main goals of the case study are to understand (1) this brand's evolution, (2) its primary difficulties, and (3) strengths, and the authors also indicate possible future paths that can be replicated in other similar businesses.
{"title":"Growing Pains","authors":"Marisa R. Ferreira, Carina Silva, Beatriz Casais","doi":"10.4018/978-1-7998-7793-6.ch010","DOIUrl":"https://doi.org/10.4018/978-1-7998-7793-6.ch010","url":null,"abstract":"Today's ever-changing business environment is very demanding for companies, particularly those of modest dimensions and operating in more traditional formats. There is an imperative change happening in market and consumer behavior – a need for digital transformation or digital complement to the traditional business model, aiming at improving the lives of individuals, groups, and society as a whole. A Portuguese small company that manufactures cookies and biscuits has identified a need to move forward and revitalize its traditional business format, preserving its traditional origins but seeking to reframe its business in a more digital context. The main goals of the case study are to understand (1) this brand's evolution, (2) its primary difficulties, and (3) strengths, and the authors also indicate possible future paths that can be replicated in other similar businesses.","PeriodicalId":114540,"journal":{"name":"Management Strategies for Sustainability, New Knowledge Innovation, and Personalized Products and Services","volume":"31 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"132900731","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 1900-01-01DOI: 10.4018/978-1-7998-7793-6.ch007
José G. Vargas-Hernández
This study aims to analyze the strategic implications that the organizational culture has on organizational knowledge, learning, and innovation. It begins from the assumption that there is a direct and positive relationship between the organizational culture and knowledge, learning, and innovation in organizations. It also is assumed that organizational culture, knowledge, learning, and innovation are receptive to sustainable organizational practices. The method used is the appreciative inquiry as a collaborative dialogue based on the question of what is the best of and what might be that aims to design and implement innovations in sustainable organizational arrangements and processes. The theoretical framework is based on organizational cultural cognitivism theory and the theory of socio-ecological intergradation. It is concluded that sustainable organization practices require the creation and development of an organizational culture supportive of knowledge, learning, and innovation practices.
{"title":"Relationships and Strategic Implications Among Organizational Culture","authors":"José G. Vargas-Hernández","doi":"10.4018/978-1-7998-7793-6.ch007","DOIUrl":"https://doi.org/10.4018/978-1-7998-7793-6.ch007","url":null,"abstract":"This study aims to analyze the strategic implications that the organizational culture has on organizational knowledge, learning, and innovation. It begins from the assumption that there is a direct and positive relationship between the organizational culture and knowledge, learning, and innovation in organizations. It also is assumed that organizational culture, knowledge, learning, and innovation are receptive to sustainable organizational practices. The method used is the appreciative inquiry as a collaborative dialogue based on the question of what is the best of and what might be that aims to design and implement innovations in sustainable organizational arrangements and processes. The theoretical framework is based on organizational cultural cognitivism theory and the theory of socio-ecological intergradation. It is concluded that sustainable organization practices require the creation and development of an organizational culture supportive of knowledge, learning, and innovation practices.","PeriodicalId":114540,"journal":{"name":"Management Strategies for Sustainability, New Knowledge Innovation, and Personalized Products and Services","volume":"28 7 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"122365007","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 1900-01-01DOI: 10.4018/978-1-7998-7793-6.ch001
Antonios Kargas, A. Giannakis, Iraklis Foukas
Economic and technological developments that took place the last 30 years have resulted in a new form of industrial revolution, widely known as Industry 4.0 (I4.0). Researchers and professionals worldwide try to foresee and contribute to its development, while the COVID-19 pandemic acted as an accelerator and revealed that changes arising under Industry 4.0 will affect a wide variety of working-life aspects. Among these aspects, skills and competencies needed under I4.0 are expected to change. The current chapter uses the European Skills, Competences, Qualifications, and Occupations (ESCO) database to identify which are the most valuable skills and competencies in the time being, when European businesses are taking part in the so-called digital transformation, part of Industry's 4.0 evolution. The most significant skills and competencies will be presented alongside with an analysis on existing research on the relationship between I4.0 and new skills/competencies needed.
{"title":"Recognizing Skills and Competencies Required Under Industry 4.0's Framework for Achieving Business Digital Transformation","authors":"Antonios Kargas, A. Giannakis, Iraklis Foukas","doi":"10.4018/978-1-7998-7793-6.ch001","DOIUrl":"https://doi.org/10.4018/978-1-7998-7793-6.ch001","url":null,"abstract":"Economic and technological developments that took place the last 30 years have resulted in a new form of industrial revolution, widely known as Industry 4.0 (I4.0). Researchers and professionals worldwide try to foresee and contribute to its development, while the COVID-19 pandemic acted as an accelerator and revealed that changes arising under Industry 4.0 will affect a wide variety of working-life aspects. Among these aspects, skills and competencies needed under I4.0 are expected to change. The current chapter uses the European Skills, Competences, Qualifications, and Occupations (ESCO) database to identify which are the most valuable skills and competencies in the time being, when European businesses are taking part in the so-called digital transformation, part of Industry's 4.0 evolution. The most significant skills and competencies will be presented alongside with an analysis on existing research on the relationship between I4.0 and new skills/competencies needed.","PeriodicalId":114540,"journal":{"name":"Management Strategies for Sustainability, New Knowledge Innovation, and Personalized Products and Services","volume":"202 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"124471128","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 1900-01-01DOI: 10.4018/978-1-7998-7793-6.ch004
Tuğba Karaboğa, H. Karaboğa, Doğan Başar, Songül Zehir
Big data and artificial intelligence (AI) technologies have changed how we live, how we work, and how we organize businesses. Thus, it is no surprise that it is also changing how we manage human resources (HR). For HR leaders, digital transformation is a very hot topic, having the potential to create high value for businesses. First, HR can transform all functions, processes, and systems by leveraging digital platforms and applications. Second, HR can lead business digitalization, enabling a compelling employee experience where a digital culture, a digital workplace, and digital management are welcomed. To provide a more pragmatic perspective, this chapter discusses digitalization of HR with big data and artificial intelligence (AI) technologies and identifies key digital HR strategies and roles needed to sustain the digital transformation. Also, this chapter presents the advantages of digital HR and the basic pitfalls HR faces in the digital transformation of HR.
{"title":"Digital Transformation Journey of HR","authors":"Tuğba Karaboğa, H. Karaboğa, Doğan Başar, Songül Zehir","doi":"10.4018/978-1-7998-7793-6.ch004","DOIUrl":"https://doi.org/10.4018/978-1-7998-7793-6.ch004","url":null,"abstract":"Big data and artificial intelligence (AI) technologies have changed how we live, how we work, and how we organize businesses. Thus, it is no surprise that it is also changing how we manage human resources (HR). For HR leaders, digital transformation is a very hot topic, having the potential to create high value for businesses. First, HR can transform all functions, processes, and systems by leveraging digital platforms and applications. Second, HR can lead business digitalization, enabling a compelling employee experience where a digital culture, a digital workplace, and digital management are welcomed. To provide a more pragmatic perspective, this chapter discusses digitalization of HR with big data and artificial intelligence (AI) technologies and identifies key digital HR strategies and roles needed to sustain the digital transformation. Also, this chapter presents the advantages of digital HR and the basic pitfalls HR faces in the digital transformation of HR.","PeriodicalId":114540,"journal":{"name":"Management Strategies for Sustainability, New Knowledge Innovation, and Personalized Products and Services","volume":"43 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"126527161","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 1900-01-01DOI: 10.4018/978-1-7998-7793-6.ch003
Daniele Giordino, Edoardo Crocco
Climate change, pollutants, sustainable development, and public health have become increasingly more relevant issues that continuously get addressed and discussed by governments and entities all over the globe. Through the adoption of policies and recyclable methods, they hope to encourage and aid the responsible consumption of natural resources so as to reduce the creation of waste. Furthermore, the generation of sustainable communities is encouraged so as to safeguard and protect the population's health against the risks associated with different types of pollutants. To support SMEs in the adoption of sustainable practices, this chapter aims to introduce, guide, and provide some useful tools that can then be utilized by readers and professionals operating within SMEs to maximize the effectiveness of their sustainability approaches and tools while also providing knowledge on how the implementation of sustainable practices could be integrated within their businesses.
{"title":"Sustainable Development","authors":"Daniele Giordino, Edoardo Crocco","doi":"10.4018/978-1-7998-7793-6.ch003","DOIUrl":"https://doi.org/10.4018/978-1-7998-7793-6.ch003","url":null,"abstract":"Climate change, pollutants, sustainable development, and public health have become increasingly more relevant issues that continuously get addressed and discussed by governments and entities all over the globe. Through the adoption of policies and recyclable methods, they hope to encourage and aid the responsible consumption of natural resources so as to reduce the creation of waste. Furthermore, the generation of sustainable communities is encouraged so as to safeguard and protect the population's health against the risks associated with different types of pollutants. To support SMEs in the adoption of sustainable practices, this chapter aims to introduce, guide, and provide some useful tools that can then be utilized by readers and professionals operating within SMEs to maximize the effectiveness of their sustainability approaches and tools while also providing knowledge on how the implementation of sustainable practices could be integrated within their businesses.","PeriodicalId":114540,"journal":{"name":"Management Strategies for Sustainability, New Knowledge Innovation, and Personalized Products and Services","volume":"17 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"115558067","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
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