Business model, lean and green management and industry 4.0: A conceptual relationship

Research output: Chapter in Book/Report/Conference proceedingConference contribution

1 Citation (Scopus)

Abstract

The Industry 4.0 addresses a radical change on business processes. Through communication technology, objects interact with each other; the physical and digital worlds merge. This makes an environment more flexible, allowing to respond faster to specific customer requirements. Therefore, businesses need to rapidly adapt to avoid being left behind. A business model is required to meet the new concepts of Industry 4.0. In addition, lean and green characteristics may align with business model elements. Understanding how these concepts interact is something that need clarification. Based on literature review, a conceptual relationship between Business Model (Canvas), Lean and green management approach and Industry 4.0 approach is presented. Lean and green management characteristics are identified to be aligned through a Business Model Canvas perspective. Also, the concepts of the Industry 4.0 can be applied in each element of the Business Model Canvas. Managers and entrepreneurs can create, design or redefine their business knowing the lean and green application and Industry 4.0 execution. This research aims to contribute to the discussion of the relationships between these concepts. To the authors’ knowledge, this work is one of the first to try to relate these concepts.

Original languageEnglish
Title of host publicationProceedings of the 13th International Conference on Management Science and Engineering Management, 2019 - Volume 1
EditorsJiuping Xu, Gheorghe Duca, Fang Lee Cooke, Syed Ejaz Ahmed
Place of PublicationCham
PublisherSpringer Verlag
Pages359-372
Number of pages14
ISBN (Electronic)978-3-030-21248-3
ISBN (Print)978-3-030-21247-6
DOIs
Publication statusPublished - 1 Jan 2020
Event13th International Conference on Management Science and Engineering Management, ICMSEM 2019 - St. Catharines, Canada
Duration: 5 Aug 20198 Aug 2019

Publication series

NameAdvances in Intelligent Systems and Computing
PublisherSpringer Verlag
Volume1001
ISSN (Print)2194-5357

Conference

Conference13th International Conference on Management Science and Engineering Management, ICMSEM 2019
CountryCanada
CitySt. Catharines
Period5/08/198/08/19

Keywords

  • Business model canvas
  • Green management
  • Industry 4.0
  • Lean management

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  • Cite this

    Duarte, S., Cabrita, M. D. R., & Cruz-Machado, V. (2020). Business model, lean and green management and industry 4.0: A conceptual relationship. In J. Xu, G. Duca, F. L. Cooke, & S. E. Ahmed (Eds.), Proceedings of the 13th International Conference on Management Science and Engineering Management, 2019 - Volume 1 (pp. 359-372). (Advances in Intelligent Systems and Computing; Vol. 1001). Cham: Springer Verlag. https://doi.org/10.1007/978-3-030-21248-3_27