Manufacturing Company Management and Innovation in the Age of Digital Transition

Abstract

As the world transitions to an era of intelligent manufacturing, China has joined the race to usher in the Fourth Industrial Revolution (Industry 4.0) by transforming and upgrading conventional industries 2.0 and 3.0 to industry 4.0. As a result, many manufacturing workshops are being transformed to make room for machines rather than labour. While businesses may benefit from the conveniences of the intelligent era, they are faced with several challenges, particularly in the management of manufacturing companies. For example, with the intelligence of machines and equipment, companies must contend with the efficiency of their employees. This paper, therefore, primarily discusses current business management issues and makes management recommendations in response. At the same time, it demonstrates that in the age of digital transition and intelligent manufacturing, businesses should use innovative ideas to maximize business management efficiency.

Digitalization Technology for Sustainable Rural Entrepreneurship and Inequality

“…This requires digital entrepreneurs to start their informal institutional changes (Rosário et al, 2022). Therefore, Journal of Human Resource and Sustainability Studies good policy implications and a firm framework are needed to integrate the important functions of digital technology most relevant to the circular economy strategy (Liu et al, 2022).…”

“…This economic growth is driven by digital technology from MSMEs and entrepreneurship (Turuk, 2019). Subsequently, new business models in the era of digital transition and intelligent manufacturing should use innovative and creative ideas to maximize management efficiency (Liu et al, 2022).…”