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Business model innovation in small- and medium-sized enterprises: Strategies for industry 4.0 providers and users

Journal of manufacturing technology management, 2019-12, Vol.30 (8), p.1127-1142 [Peer Reviewed Journal]

Julian Marius Müller. This work is published under http://creativecommons.org/licences/by/4.0/legalcode (the “License”). Notwithstanding the ProQuest Terms and Conditions, you may use this content in accordance with the terms of the License. ;ISSN: 1741-038X ;EISSN: 1758-7786 ;DOI: 10.1108/JMTM-01-2018-0008

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  • Title:
    Business model innovation in small- and medium-sized enterprises: Strategies for industry 4.0 providers and users
  • Author: Müller, Julian Marius
  • Subjects: Advanced manufacturing technologies ; Automotive engineering ; Business models ; Customer satisfaction ; Electrical engineering ; Employees ; Energy consumption ; Environmental conditions ; Industrial production ; Industry 4.0 ; Innovations ; Internet of Things ; Manufacturing ; Small & medium sized enterprises-SME ; Small business ; Value creation
  • Is Part Of: Journal of manufacturing technology management, 2019-12, Vol.30 (8), p.1127-1142
  • Description: Purpose Industry 4.0 is expected to significantly transform industrial value creation. However, research on business models affected through Industry 4.0, and on small- and medium-sized enterprises (SMEs), remains scarce. In response, the purpose of this paper is to address both aspects, further elaborating on the role that SMEs can take toward Industry 4.0 as provider or user. Design/methodology/approach The paper used an exploratory research design based on 43 in-depth expert interviews within the three most important German industry sectors, mechanical and plant engineering, electrical engineering and automotive suppliers. Interviews were conducted with leading personnel of the respective enterprises, including 22 CEOs. They assign business model implications through Industry 4.0, referring to the Business Model Canvas, while the paper delineates between Industry 4.0 providers and users. Findings The paper finds that key resources and value proposition are among the most affected elements of the business model, whereas channels are the least affected. Furthermore, distinct characteristics between Industry 4.0 providers and users can be delineated. In general, Industry 4.0 providers’ business models are significantly more affected than users, except for key partners and customer relationships. Research limitations/implications Industry 4.0 remains at its early stages of implementation. As a result, many interviewees’ answers remain at a rather general level. Practical implications Strategies for the further alignment of the business models are provided for Industry 4.0 providers and users. Originality/value The paper is among the few that investigate Industry 4.0 in the context of SMEs and business models.
  • Publisher: Bradford: Emerald Group Publishing Limited
  • Language: English
  • Identifier: ISSN: 1741-038X
    EISSN: 1758-7786
    DOI: 10.1108/JMTM-01-2018-0008
  • Source: AUTh Library subscriptions: ProQuest Central
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