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Industry 4.0: Securing the Future for German Manufacturing Companies

Balasingham, K. (2016) Industry 4.0: Securing the Future for German Manufacturing Companies.

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Abstract:Recently, it could be observed that German manufacturing industries are facing high competitive pressure from China and North American companies. Other market volatility such as fluctuating customer demand and resource scarcity tremendously affect the unique position of German manufacturers. The initialization or Industry 4.0 procedures might be one solution to overcome recent market volatility and to secure the future for German manufacturing industries. Therefore the major aim of the current thesis was to gather and investigate critical factors that have an influence on the implementation of Industry 4.0 processes. The concluding results provide evidence that two factors are positively correlated to the implementing process, namely: IT-infrastructure and Firm size. Than 4 factors are negatively correlated, which could be defined as: Lack of financial resources, Skills mismatches of employees, Reluctance to change, and Maturity stage.
Item Type:Essay (Master)
Faculty:BMS: Behavioural, Management and Social Sciences
Subject:58 process technology, 85 business administration, organizational science
Programme:Business Administration MSc (60644)
Link to this item:http://purl.utwente.nl/essays/70665
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