Research Article

Assessing Industry 4.0 Transformation of SMEs: A Swot Analysis

Volume: 3 Number: 1 August 1, 2022
TR EN

Assessing Industry 4.0 Transformation of SMEs: A Swot Analysis

Abstract

This Study is to examine Industry 4.0 transformation of SMEs, using SWOT analysis to conduct their awareness, activities and current situation within strengths, weaknesses, opportunities and threats in the journey of Industry 4.0 transformation. In this study, interview method was used to analyze the SMEs’ Industry 4.0 transformation. Interviews were conducted with 5 SMEs SMEs where is engaged in The Aegean Area, Turkey more disadvantages to the industry than its advantages. They are aware of technological developments but They are still at the beginning of the transformation process. SMEs should analyze their state time by time and always follow the development of industry for being sustainable regarding the digital age. They should do their best for what can be controlled by themself. This study pioneers SMEs to gain awareness about industry 4.0 and lead them to manage their situation.

Keywords

References

  1. Al-Rousan, M. and Qawasmeh, F. (2009). The Impact of SWOT Analysis on Achieving A Competitive Advantage: Evidence from Jordanian Banking Industry. International Bulletin of Business Administration, 6(1), 82-92.
  2. Bakhtari, A., Waris, M., Mannan, B., Sanin, C. and Szczerbicki, E., (2020). Assessing Industry 4.0 Features Using SWOT Analysis. Communications in Computer and Information Science, 1178, 216-225.
  3. Bonnici, T. S. and Galea, D. (2014). SWOT Analysis. In C. L. Cooper (Ed.), Wiley encyclopedia of management. Hoboken: John Wiley & Sons.
  4. Chauhan C. and Singh A. (2020) “A Review of Industry 4.0 in Supply Chain Management Studies”, Journal of Manufacturing Technology Management Vol. 31, No. 5, pp.863-886. https://doi.org/10.1108/JMTM-04-2018-0105.
  5. David, F.R. (2011) Strategic Management: Concepts and Cases, Global Edition. 13th Edition, Pearson Education, Inc., Upper Saddle River, 235-240.
  6. Dyson, R.G. (2004). Strategic Development and SWOT analysis at the University of Warwick. European Journal of Operational Research. 152. 631-640.
  7. Erdil, E. and Ertekin Bolelli, Ş. (2017). Industry 4.0 and Turkish national innovation system: Challenges and prospects.
  8. Ernur O. and Tozkoparan G. (2018). Dijital Dönüşüm Perspektifinde Endüstri 4.0 Sürecindeki İşletmelerin Karşılaştığı Durumlar Üzerine Bir Vaka Çalışması. Uluslararası Sosyal Bilimler and İnovasyon Kongresi, Antalya, Turkey, 385-397.

Details

Primary Language

English

Subjects

Business Administration

Journal Section

Research Article

Publication Date

August 1, 2022

Submission Date

May 8, 2022

Acceptance Date

July 31, 2022

Published in Issue

Year 2022 Volume: 3 Number: 1

APA
Ernur, O., & Yüksel, H. (2022). Assessing Industry 4.0 Transformation of SMEs: A Swot Analysis. İzmir Yönetim Dergisi, 3(1), 23-35. https://doi.org/10.56203/iyd.1113835
AMA
1.Ernur O, Yüksel H. Assessing Industry 4.0 Transformation of SMEs: A Swot Analysis. İzmir Journal of Management. 2022;3(1):23-35. doi:10.56203/iyd.1113835
Chicago
Ernur, Okan, and Hilmi Yüksel. 2022. “Assessing Industry 4.0 Transformation of SMEs: A Swot Analysis”. İzmir Yönetim Dergisi 3 (1): 23-35. https://doi.org/10.56203/iyd.1113835.
EndNote
Ernur O, Yüksel H (August 1, 2022) Assessing Industry 4.0 Transformation of SMEs: A Swot Analysis. İzmir Yönetim Dergisi 3 1 23–35.
IEEE
[1]O. Ernur and H. Yüksel, “Assessing Industry 4.0 Transformation of SMEs: A Swot Analysis”, İzmir Journal of Management, vol. 3, no. 1, pp. 23–35, Aug. 2022, doi: 10.56203/iyd.1113835.
ISNAD
Ernur, Okan - Yüksel, Hilmi. “Assessing Industry 4.0 Transformation of SMEs: A Swot Analysis”. İzmir Yönetim Dergisi 3/1 (August 1, 2022): 23-35. https://doi.org/10.56203/iyd.1113835.
JAMA
1.Ernur O, Yüksel H. Assessing Industry 4.0 Transformation of SMEs: A Swot Analysis. İzmir Journal of Management. 2022;3:23–35.
MLA
Ernur, Okan, and Hilmi Yüksel. “Assessing Industry 4.0 Transformation of SMEs: A Swot Analysis”. İzmir Yönetim Dergisi, vol. 3, no. 1, Aug. 2022, pp. 23-35, doi:10.56203/iyd.1113835.
Vancouver
1.Okan Ernur, Hilmi Yüksel. Assessing Industry 4.0 Transformation of SMEs: A Swot Analysis. İzmir Journal of Management. 2022 Aug. 1;3(1):23-35. doi:10.56203/iyd.1113835

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