Strategic management realignment in tandem with IR 4.0 / Baderisang Mohamed and Muna Abdul Jalil ... [et al.]

• Main Authors: Mohamed, Baderisang, Abdul Jalil, Muna
• Format: Article
• Language: English
• Published: Universiti Teknologi MARA 2020
• Subjects: Electronic data processing. Information technology. Knowledge economy. Including artificial intelligence and knowledge management; Planning. Business planning. Strategic planning
• Online Access: https://ir.uitm.edu.my/id/eprint/49659/1/49659.pdf; https://ir.uitm.edu.my/id/eprint/49659/
• Institution: Universiti Teknologi Mara

IR4.0 or Industrial Revolution 4,0 refers to the current automation trend and data sharing practices in businesses. IR 4.0 is characterized by Internet of Things, Big Data and Analytics, Augmented Reality, Autonomous Robots, Additive Manufacturing, Cognitive Computing, and Cloud Computing (Vaidya, Ambad, & Bhosle, 2018). Strategic management processes involve strategy formulation, implementation, monitoring, and evaluating strategies to achieve company goals (Osborn, 2019). As IR4.0 revolutionizes the business industry, company strategic processes should be realigned with the wave of revolution. This paper determines whether strategic management processes should realign with IR4.0.