Business Models for Industry 4.0 : Concepts and Challenges in SME Organizations book cover
1st Edition

Business Models for Industry 4.0
Concepts and Challenges in SME Organizations

  • Available for pre-order on March 3, 2023. Item will ship after March 24, 2023
ISBN 9781032329314
March 24, 2023 Forthcoming by Routledge
176 Pages 17 B/W Illustrations

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Book Description

Utilising industry 4.0 technologies is essential to meet consumer expectations of personalised products and services but not without obstacles and challenges. This book provides comprehensive knowledge on the operating conditions and challenges of small and medium-sized enterprises operating in the era of industry 4.0 and proposes a business model 4.0 concept.

The authors provide insights on the general conditions for the development of economy 4.0 and society 5.0, the expectations of modern consumers in product personalization, customization, servitization and the SME sector's requirements. In addition, the book offers a business model of cooperation between enterprises and the concept of rapid network prototyping methodology for the implementation of personalized products. It proposes the creation of e-business platforms that will allow for better integration of the customer with the manufacturer and the possibility of greater involvement in product configurations.

The empirical research offered in this book will provide valuable insights for scholars and upper-level students across business disciplines, including strategic management, entrepreneurship, technology and innovation management.

Table of Contents

List of Figures

List of Tables


Chapter I

Contemporary socio-economic challenges for Business Models

  • Intelligent society creating an Economy 4.0
  • Society 5.0 and Industry 4.0
  • Sustainable production vs. Sustainable consumption
  • Challenges of SME sector in the era of Economy 4.0 concept

Chapter II

Megatrends of the Fourth Industrial Revolution determining changes in business models

  • Technological environment - digitalization of industrial processes
  • Business networks of cooperating enterprises of Industry 4.0
  • Customization of production and expectations of a modern customer - personalization
  • Servitization of industrial production

Chapter III

The Fourth Industrial Revolution as a new environment for business models

  • Fourth Industrial Revolution - Industry 4.0
  • Smart Factories of the Future
  • Network forms of cooperation between small and medium enterprises

Chapter IV

A concept for planning cyber-physical production networks

  • Customer and manufacturer integration platform model Concept of network prototyping methodology
  • The importance of collaboration and networking for the SME sector

Chapter V

The concept of Business Model 4.0

  • Business model - theoretical approach
  • Business models focused on the process of creating competitiveness, innovation and value
  • Architecture of Business Model 4.0

Chapter VI

Measures for Business Model 4.0

  • Strategic Balanced Scorecard for Business Model 4.0
  • Key Performance Indicators (KPIs)



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Sandra Grabowska is an Assistant Professor at the Department of Production Engineering (Silesian University of Technology). She is the author and co-author of nearly 80 scientific publications. Her research focuses on Business Models, modern forms of management and Industry 4.0. She is also active in managerial associations and as a consultant supporting enterprise improvement.

Sebastian Saniuk is a Professor at the University of Zielona Góra (Poland). He is a member of the Committee of Production Engineering of the Polish Academy of Sciences since 2015. His research interests include issues related to production management, industrial engineering and logistics, sustainable development, corporate social responsibility, particularly planning and control of production flow and modelling of production networks of small and medium enterprises, rapid prototyping, CSR in SME's. The results of his research have been presented in over 270 national and international scientific publications including journals, monographs and conference proceedings of national and international conferences indexed in Web of Science and Scopus database. During his career, he has conducted research under several grants awarded and funded by the Polish Ministry of Science and Higher Education, The National Centre for Research and Development and the European Union.