JYX > Opinnäytteet > Pro gradu -tutkielmat > View Item
Responding to opportunities provided by General Purpose Technologies : Industry 4.0 in Finland
Companies are currently facing a technological change that has the potential of disrupt- ing entire industries. Recognizing opportunities provided by Industry 4.0 requires com- panies to apply vision and foresight and to adapt their strategies in order to face the changing environment. Acting upon these technological opportunities is managerially demanding, but crucial for maintaining companies’ future competitiveness. This thesis builds on literature on strategic management and General Purpose Technologies (GPTs) and takes a company-level perspective in answering the question of how such techno- logical opportunities are perceived and responded to by decision-makers. In order to explore this issue, the strategic approaches to Industry 4.0 of 16 publicly listed companies in Finland were analyzed. For this purpose, in-depth qualitative interviews with managers from the Industrial and the Basic Material sector were conducted and publicly available material in the form of CEO and CIO Interviews, journalistic articles, as well as company press releases were collected and analysed. The results provide insights into how the characteristics of GPTs influence decision- maker’s perceptions and responses and show that the technologies’ uncertain develop- ment and the generality of purpose result in difficulties in understanding the nature of change and identifying how to turn the potential of the technologies into actual revenue streams. The findings suggest that opportunities provided by GPTs are responded to with new products and services, organizational transformation, new strategies, the adaptation of business models as well as new cooperation with suppliers and customers. Under the high perceived uncertainty and the complexity of required changes, a more experimental, stepwise approach to the implementation of new GPTs is identified as suitable as it allows balancing disruptive effects and for learning and adaptation to occur, as uncertainties are resolved. ...
MetadataShow full item record
- Pro gradu -tutkielmat 
Showing items with similar title or keywords.
Strategy : from managers' toy to practitioners' tool to successful implementation Kärnä, Eija (University of Jyväskylä, 2016)
Achievement strategies in adolescence and young adulthood Määttä, Sami (University of Jyväskylä, 2007)Väitöskirjatyössään Sami Määttä tutki nuoruutta ja nuorta aikuisuutta ajattelu- ja suoritusstrategioiden näkökulmasta. - Nuorten ja nuorten aikuisten ajattelu- ja toimintatavat muodostavat kumuloituvia kehiä erilaisten ...
Technological change and the labor market : evidence on the impact of the steam engine in late-19th century merchant maritime shipping industry Neuvonen, Tapani (2018)The rise in wage inequality in the late-20th century has been widely linked to technological progress and the non-monotonic effect it has on workers of dif-ferent skill levels. Much of the work has been done in the context ...
An industry under transformation : the case of the Finnish banking sectors response to financial technology Riihiaho, Matias (2019)Pankit maailmanlaajuisesti ovat ulkoisten muutosajureiden aiheuttamassa murroksessa. Käsite finanssiteknologia (FinTech) on yleisesti ymmärretty sisältävän nämä muutosajurit, vaikka käsite on edelleen heikosti ymmärretty. ...
The Nanoeconomics of Firm‐Level Decision‐Making and Industry Evolution : Evidence from 200 Years of Paper and Pulp Making Lamberg, Juha-Antti; Peltoniemi, Mirva (John Wiley & Sons Ltd., 2020)Research summary We explore the qualitative differences in entries and exits over time. Using qualitative and quantitative data on 96 firms over 200 years, we study industry evolution from the perspective of individual ...