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System dynamics tool to increase the awareness of Smart Industry adoption urgency

Haghuis, Damon (2021) System dynamics tool to increase the awareness of Smart Industry adoption urgency.

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Abstract:The fourth industrial revolution is here and can lead to significant benefits for many industries. However, due to several challenges, most organisations are still reservedly regarding the adoption of Smart Industry. One of the main reasons, especially among SMEs, is the lack of awareness of SI urgency. Therefore, this four-phased study created and tested a system dynamics based method to increase this awareness by stimulating double-loop learning. This method illustrates plausible scenarios in the form of causal loop diagrams and allows executives to review their theories by creating a model according to their expectations. Experimental sessions showed that this method can cause knowledge of executives regarding future scenarios for their organisation. Furthermore, it enables executives to estimate and measure the effects of SI and market disruption on essential factors of their organisations and therefore increase their awareness of SI adoption urgency. When specified to a specific industry, this method can help to fasten SI adoption by increasing awareness of its urgency among unaware executives. This research proves that system dynamics-based models can stimulate double-loop learning to achieve knowledge growth. Furthermore, it shows that scenarios, which are mainly used for strategic planning, can also be used to stimulate organisational learning.
Item Type:Essay (Master)
Faculty:BMS: Behavioural, Management and Social Sciences
Subject:85 business administration, organizational science
Programme:Business Administration MSc (60644)
Link to this item:http://purl.utwente.nl/essays/86256
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