The role of quality management in the development of high-tech industrial enterprises in the context of Industry 4.0

11 February, 2024

<p>The Fourth Industrial Revolution has brought about significant changes in the technological landscape of the modern world. It was initially believed that digital technologies would create new markets and increase diversification in innovative economies. However, it has become evident that high-tech products have not only created new markets, but have also infiltrated existing industries, displacing less competitive low-tech products. As a result, establishing high-tech industries has become crucial for countries to maintain their status on the world stage.</p>
<p>Countries that are able to establish their own high-tech production become self-sustaining digital economies with technological sovereignty. They become exporters of high-tech products, which guarantees a high rate of economic growth, resilience to economic crises, and favorable opportunities to promote their interests globally. On the other hand, countries that fail to establish their own high-tech production become importers of high-tech products and face low rates of economic growth, increased economic cyclicity, and limited opportunities to promote their interests globally.</p>
<p>The existing model of development for industry 4.0 assumes a linear progression, where high-tech industries continue to develop independently through digital competition. However, this linear model fails to account for the aggressive market environment and imperfect global digital competition, leading to a "market failure" in the natural development of high-tech industries. This model also lacks specific management measures for the development of industry 4.0, making it unpredictable and hindering the entry of new players in the global high-tech markets.</p>
<p>To address these issues, this article aims to develop a new model for the development of industry 4.0 that reveals cause-and-effect relationships, increasing the predictability and manageability of this process. The article focuses on three tasks: forming a systematic vision of industry 4.0, determining the prospects for the development of high-tech industrial enterprises in Russia, and developing a cyclical model for the development of industry 4.0.</p>
<p>The first task is achieved through structural equation modeling (SEM), which provides a comprehensive understanding of the relationships between quality management and the development of high-tech industrial enterprises. The second task examines the prospects for high-tech industrial development in Russia by optimizing the implementation of quality management measures. The third task involves the development of a cyclical model that explains the logical sequence of industry 4.0 development.</p>
<p>The research findings highlight the importance of quality management in the development of high-tech industrial enterprises. The cyclical model emphasizes the transition from quantity to quality, and from quality to quantity, as integral parts of industry 4.0 development. By understanding these cause-and-effect relationships, countries can implement effective management measures and achieve sustainable growth in high-tech industries.</p>
<p>The article makes significant contributions to the literature by clarifying the role of quality management in industry 4.0 development and developing a cyclical model that accurately reflects the process. The findings have theoretical, practical, and managerial implications, enabling countries to plan and manage the development of industry 4.0 more effectively. Additionally, the implementation of the cyclical model can lead to increased international digital competition, accelerated scientific and technological progress, and reduced dependence on imports of high-tech products.</p>
<h3>Reference</h3>
<p>Akhmedova M.S.; Meliksetyan K.A.; Krutilin A.A.; Boris O.A. (2023). THE ROLE OF QUALITY MANAGEMENT IN THE DEVELOPMENT OF HIGH-TECH INDUSTRIAL ENTERPRISES IN THE CONTEXT OF INDUSTRY 4.0. Proceedings on Engineering Sciences, 5(s2), 207-220, DOI: <a href=https://doi.org/10.24874/PES.SI.02.003>10.24874/PES.SI.02.003</a>.</p>

Tags