The capabilities of a firm to integrate, build and restructure internal and external resources in order to deal with and form fast changing environment.
Published in Chapter:
Reflection of Digital Transformation on Corporate Sustainability and a Theoratical Perspective
Cemal Zehir (Yıldız Technical University, Turkey) and Burcu Özgül (Yıldız Technical University, Turkey)
Copyright: © 2020
|Pages: 28
DOI: 10.4018/978-1-7998-1125-1.ch010
Abstract
With its high process automation and digitalization, Industry 4.0 provides new opportunities to actualize more flexible, higher quality, speedy, cheap, and productive manufacturing and services. Containing numerous technology and paradigms, Industry 4.0 is expected to transform the industrial manufacture and society by aiming at economic, social, and environmental gains. The facts that natural resources are running out, lifecycle of the world is diminishing, and society has increasing anxiety on this situation. These have been the propulsive power for the development of Industry 4.0. By means of the technology and innovations that Industry 4.0 brings along, it is clear that it could also contribute to the recent popular and emphasized concept:sustainability. In this chapter, after giving information about the paradigms related with Industry 4.0, the theoretical frame of corporate sustainability and the effect of digital transformation on corporate sustainability have been evaluated. And then, constructing sustainable digital business models and focusing on value proposal have been discussed.