Manufacturing Company Management and Innovation in the Age of Digital Transition
- 1 School of Finance & Economics, Jiangsu University, Zhenjiang, China
- 2 School of Management, Tianjin University of Technology, Tianjin, China
- 3 School of Finance & Economics, Jiangsu University, Zhenjiang, China
- 4 School of Finance & Economics, Jiangsu University, Zhenjiang, China
Abstract
As the world transitions to an era of intelligent manufacturing, China has joined the race to usher in the Fourth Industrial Revolution (Industry 4.0) by transforming and upgrading conventional industries 2.0 and 3.0 to industry 4.0. As a result, many manufacturing workshops are being transformed to make room for machines rather than labour. While businesses may benefit from the conveniences of the intelligent era, they are faced with several chall enges, particularly in the management of manufacturing companies. Fo r ex ample, with the intelligence of machines and equipment, companies m ust contend with the efficiency of their employees. This paper, therefore, primaril y discusses current business management issues and makes manageme nt recommendations in response. At the same time, it demonstrates that in the age of digital transition and intelligent manufacturing, businesses should use innovative ideas to maximize business management efficiency.
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