| Pub. Date | : Jan, 2024 |
|---|---|
| Product Name | : The IUP Journal of Corporate Governance |
| Product Type | : Article |
| Product Code | : IJCG010124 |
| Author Name | : Neelkanth Dhone and Swamy Perumandla |
| Availability | : YES |
| Subject/Domain | : Management |
| Download Format | : PDF Format |
| No. of Pages | : 14 |
The study examines the intricate relationship between corporate governance and sustainability practices in small and medium enterprises (SMEs) experiencing the disruptive impact of Industry 4.0. It explores the problems and opportunities associated with the convergence of SMEs in the digital era. Through a systematic literature review, it also focuses on developing customized governance frameworks that are well-suited to the distinct characteristics of these SMEs. The paper assesses techniques for effectively incorporating sustainability into the operational framework of SMEs during the implementation of Industry 4.0, focusing on the crucial role of leadership and organizational culture. Furthermore, it reviews the impact of cutting-edge technologies related to Industry 4.0, such as the Internet of Things (IoT) and artificial intelligence (AI), on improving governance frameworks and sustainability endeavors. Finally, it seeks to develop a conceptual research model to provide insights for SMEs looking to successfully manage corporate governance and sustainability in the context of Industry 4.0.
The integration of Industry 4.0 technologies in the current corporate environment has initiated a significant period of change, fundamentally reshaping the operational frameworks of companies worldwide. In the midst of the ongoing digital revolution, small and medium enterprises (SMEs) are currently facing a confluence of unique difficulties and opportunities. The primary objective of the study is to investigate the complicated correlation between corporate governance and sustainability practices in SMEs operating in the context of Industry 4.0 (Hamidah et al., 2019; and Singh et al., 2022).