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Abstract
Emergence of the fourth industrial revolution prompts digital transitions and transformations of economic sectors, with pressures for institutions to prepare and respond in a way that harnesses the progressive potentials of Industry 4.0 for socioeconomic growth. The purpose of this research is to evaluate core institutional change readiness factors for Industry 4.0, with focus on institutional innovation that sustains technology trajectories and supports technology use in an emerging economy. Using the Delphi methodology with a panel of 71 triple helix (i.e. university, industry, and government) experts, the research identifies, selects, and prioritizes collaboration and capability readiness factors. Initial literature review identifies 50 readiness factors and subsequent non-parametric tests find that ‘clarity of goals and relevance’ and ‘innovating competencies’ are the topmost collaboration and capability factors, respectively. Discussions on these findings imply integrated analyses based on the triple helix as well as institutional and ‘clarity-creativity’ dyadic framings for technology management studies of Industry 4.0. The managerial implications of the research centre on factor-based recommendations concerning support systems for Industry 4.0 transdisciplinary collaboration and action plans for building digital capability, in furtherance of the fourth industrial revolution. Concluding the research is a highlight of the research limitations and potential future research areas.
Acknowledgements
We acknowledge the support of the Bahrain Quality Authority (BQA), Bahrain Centre for Strategic, International and Energy Studies (DERASAT), Ministry of Education and Ministry of Labour in Bahrain for their support and help during this research.
Disclosure statement
No potential conflict of interest was reported by the author(s).
Additional information
Notes on contributors
Hameeda A. AlMalki
Hameeda A. AlMalki recently completed her PhD at the Arabian Gulf University in Manama, Kingdom of Bahrain. Her research interests include institutional innovation, technological innovation, Industry 4.0, fourth industrial revolution, and strategic foresight. Dr AlMalki has published her work in journals such as Technological Forecasting and Social Change, Management Review Quarterly, and Asian Journal of Technology Innovation.
Christopher M. Durugbo
Christopher M. Durugbo is an Associate Professor at the Arabian Gulf University in Manama, Kingdom of Bahrain. He is a supply chain and services innovation expert with an interest in system thinking for innovative services and policies, network analysis for supply chain innovation, and managing collaboration for innovation through informatics and ergonomics. Dr Durugbo has published findings from his research in several journals such as International Journal of Operations and Production Management, European Journal of Operational Research, Supply Chain Management: An International Journal, International Journal of Production Research, Production Planning and Control, Annals of Operations Research, Technological Forecasting and Social Change, Expert Systems with Applications, Ergonomics, and Information Sciences.