The onset of the Fourth Industrial Revolution and the formation of market structures
Kraft Y.1, Zaytsev A.V.2
1 Технический университет г. Либерец
2 Московский государственный технологический университет "Станкин"
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Journal paper
Russian Journal of Innovation Economics (РИНЦ, ВАК)
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Volume 7, Number 4 (October-December 2017)
Indexed in Russian Science Citation Index: https://elibrary.ru/item.asp?id=32311410
Cited: 21 by 07.12.2023
Abstract:
The article analyzes the impact of the concept Industry 4.0 on the economic development of society. We prove that the forms of market structures constantly develop and the onset of the Fourth Industrial Revolutionan is an effective factor of such development. We show the role and transformation of market structures at the initial stage of the Fourth Industrial Revolution. We also show how the concept Industry 4.0 and economic and technological development of society affect the change in the competitive space, and how the market structures have a significant impact on the functioning of economies. On the basis of the analysis we reveal the urgency of implementing advanced methods of organizing and managing business processes. We argue the need to develop organizational and economic mechanisms for the transition and adaptation of enterprises under changing conditions in the economic space. In this regard, we give recommendations related to the fact that with the onset of the Fourth Industrial Revolution, enterprises will have to use and develop various management technologies, for example, the concept of lean production.
Keywords: high-tech enterprise, competitive environment, cartel, market structure, oligopoly, monopoly, monopsony, Industry 4.0, fourth industrial revolution, competitive space, oligopoly with a dominant firm, firm in a competitive periphery
JEL-classification: O31, D40, D42, D43
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