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Top Management Support in the Implementation of Industry 4.0 and Business Digitization: The Case of Companies in the Main European Stock Indices

Authors: Beatriz Garcia-Ortega; Miguel Angel Lopez-Navarro; Javier Galan-Cubillo;

Top Management Support in the Implementation of Industry 4.0 and Business Digitization: The Case of Companies in the Main European Stock Indices

Abstract

[EN] Top management support is one of the key aspects in the implementation of Industry 4.0 and business digitization, whereas communication is essential to aligning and driving an organization in this task. However, to date, no research has addressed this support from this perspective. To fill this gap, we take a sample of companies (N = 159) listed on the 5 main stock indices in the European Union, and we qualitatively examine the letters issued by chief executive officers and other top managers in their annual reports. We assess whether, to which extent and under which motivations and barriers, the senior management of these companies are supporting this implementation through their discourse. Among other relevant findings, our results show that barely half of the managers make explicit their strong support for this implementation, as a kind of widespread spatial myopia that serves as a meta-barrier in this implementation. In addition, the support given by top executives is mostly driven by business and customer motivations; in turn, they generally fail to present sustainability within their main motivations. Overall, this paper offers a series of relevant contributions and insights with managerial implications taken from a novel approach in this field.

Country
Spain
Keywords

industries, barriers, 09.- Desarrollar infraestructuras resilientes, promover la industrialización inclusiva y sostenible, y fomentar la innovación, companies, Top management communication., industry 4.0, business, sustainable development, business digitization, Business digitization, Top management support, sustainability, Industry 4.0, TK1-9971, Europe, motivations, top management communication, Sustainability, tools, task analysis, ORGANIZACION DE EMPRESAS, Electrical engineering. Electronics. Nuclear engineering, Motivations, top management support, Barriers

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download
citations
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
views
OpenAIRE UsageCountsViews provided by UsageCounts
downloads
OpenAIRE UsageCountsDownloads provided by UsageCounts
7
Top 10%
Average
Top 10%
84
242
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gold