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© The Author(s) 2023. This work is published under http://creativecommons.org/licenses/by/4.0/ (the “License”). Notwithstanding the ProQuest Terms and Conditions, you may use this content in accordance with the terms of the License.

Abstract

Using Industrial Revolution 4.0 (IR4.0) technology, companies can upscale their innovation in organizing, managing, and controlling the value chain life cycle. IR4.0 is anticipated to bring challenges and opportunities to developing economies such as Malaysia, but due to its novelty to the Malaysian business community, the concept still needs clarity in its definition for proper understanding and business practice. This paper aims to examine the impact of IR4.0 adoption on Malaysian small and medium enterprises (SMEs) by analyzing the organizational readiness, relative advantage, compatibility, top management support, government regulation, and competitive pressure, and its relationship with the adoption of IR4.0 to Malaysian SMEs. This study framework is based on the diffusion of innovation theory (DOI) and technology–organization–environment (TOE) framework. The study results verified the importance of relative advantage, compatibility, competitive pressure, and top management support as significant predictors of IR4.0 adoption. The study is expected to benefit regulators and business ecosystems in understanding the challenges in implementing IR4.0 in Malaysia and formulating intervention processes and programs for successful IR4.0 adoption.

Details

Title
Adoption of fourth industrial revolution 4.0 among Malaysian small and medium enterprises (SMEs)
Author
Shahzad, Arfan 1 ; bin Zakaria, Mohd Syarol Azuan 2 ; Kotzab, Herbert 3   VIAFID ORCID Logo  ; Makki, Muhammad Abdul Majid 4 ; Hussain, Aamir 2 ; Fischer, Julia 5 

 University of Sargodha, Malik Firoz Khan Noon Business School, Sargodha, Pakistan (GRID:grid.412782.a) (ISNI:0000 0004 0609 4693) 
 University Utara Malaysia, Kuala Lumpur, Malaysia (GRID:grid.462999.9) (ISNI:0000 0004 0646 9483) 
 University of North Florida, Crowley Center for Transportation and Logistics, Coggin College of Business, Jacksonville, USA (GRID:grid.266865.9) (ISNI:0000 0001 2109 4358) 
 University Bahawalpur, Department of Commerce, Bahawalpur, Pakistan (GRID:grid.266865.9) 
 Brandenburg University of Technology Cottbus-Senftenberg (BTU), Cottbus, Germany (GRID:grid.8842.6) (ISNI:0000 0001 2188 0404) 
Pages
693
Publication year
2023
Publication date
Dec 2023
Publisher
Palgrave Macmillan
e-ISSN
2662-9992
Source type
Scholarly Journal
Language of publication
English
ProQuest document ID
2876199198
Copyright
© The Author(s) 2023. This work is published under http://creativecommons.org/licenses/by/4.0/ (the “License”). Notwithstanding the ProQuest Terms and Conditions, you may use this content in accordance with the terms of the License.