Anand (Gujarat) [India], December 6 (ANI/NewsVoir): Institute of Rural Management Anand (IRMA) celebrated the centenary of its Founder Dr Verghese Kurien, popularly known as the Father of the White Revolution in India.
Get latest articles and stories on Business at LatestLY. Institute of Rural Management Anand (IRMA) celebrated the centenary of its Founder Dr Verghese Kurien, popularly known as the Father of the White Revolution in India. Business News | Celebration of 100th Birth Anniversary of Dr. Verghese Kurien at the Institute of Rural Management Anand (IRMA).
Purpose: Quality 4.0 is managing quality during the fourth industrial revolution. It is used by modern-day organizations as a strategy to compete and thrive in the marketplace. The purpose of this study is to analyze the potential impact of Quality 4.0 on organizational performance. Design/methodology/approach: This study through an integrative literature review critically analyzed 41 previous literature articles to study the impact of Quality 4.0 on various metrics of organizational performance. Findings: The results of the review suggest that Quality 4.0 may have an impact on financial performance, customer value proposition, internal business processes, learning and growth, environmental performance and social performance. Research limitations/implications: This study is limited by the databases reviewed. The second limitation is that this study considered articles published in the English language. Therefore, articles published in other languages were not considered in this study.
Purpose: Industry 4.0 is a new trend among organizations. Some organizations have been early adopters or later adopters of Industry 4.0. The purpose of this paper is to investigate how performance effects vary between early and late adopters of Industry 4.0. Design/methodology/approach: This study applies a qualitative research methodology using grounded theory. 14 senior management professionals who have implemented Industry 4.0 participated in this study through a theoretical and snowball sampling approach. These professionals were from manufacturing and service sectors, from North America, Europe and Asia. The study used semi structured open-ended interviews to capture the organizational performance on operational, financial, environmental and social dimensions. Findings: The findings were analyzed in terms of four broad themes which emerged from the interviews. In operational performance the operational and implementation cost will be higher for early adopters. The late adopters ma