Sustainable Development in Industry 4.0 and the «Virtual Corporation»: Similarities and Differences

S. Hering, R. Faizullin

2021

Abstract

Examining the effects of the technological components of Industry 4.0 on the structure of companies, one is reminded of an organizational concept that was popular at the turn of the Millennium: the Virtual Corporation (VC). As early as 1993, the American authors William Davidoff and Michael Malone proclaimed the "virtual revolution". For them, the decisive building block for the formation of a new economic system was the Virtual Corporation. The literature attributed to this concept the ability to solve the problems of large companies (such as inflexibility) and small enterprises (such as poor economies of scale) simultaneously and to combine the best features of both extremes of company size. This article discusses, which prerequisites for the implementation of VC, then mostly dreams of the future, are given today and how the concept of the VC can complement Industry 4.0 for sustainable development of organizations and serve as a role model on an organizational level.

Paper Citation

in Harvard Style

Hering S. and Faizullin R. (2021). Sustainable Development in Industry 4.0 and the «Virtual Corporation»: Similarities and Differences. In Proceedings of the 1st International Scientific Forum on Sustainable Development of Socio-economic Systems - Volume 1: WFSDS, ISBN 978-989-758-597-5, pages 328-335. DOI: 10.5220/0010668000003223

in Bibtex Style

@conference{wfsds21,
author={S. Hering and R. Faizullin},
title={Sustainable Development in Industry 4.0 and the «Virtual Corporation»: Similarities and Differences},
booktitle={Proceedings of the 1st International Scientific Forum on Sustainable Development of Socio-economic Systems - Volume 1: WFSDS,},
year={2021},
pages={328-335},
publisher={SciTePress},
organization={INSTICC},
doi={10.5220/0010668000003223},
isbn={978-989-758-597-5},
}

in EndNote Style

TY - CONF

JO - Proceedings of the 1st International Scientific Forum on Sustainable Development of Socio-economic Systems - Volume 1: WFSDS,
TI - Sustainable Development in Industry 4.0 and the «Virtual Corporation»: Similarities and Differences
SN - 978-989-758-597-5
AU - Hering S.
AU - Faizullin R.
PY - 2021
SP - 328
EP - 335
DO - 10.5220/0010668000003223