The traditional manufacturing business model is changing. Industry 4.0 – the next phase in the digitization of
the manufacturing sector – promises to reshape every aspect of the factory and the supply chain.
Family business research and practice suggests that, compared to their non-family counterparts, family-owned businesses tend to be slower to adopt digital technologies.
How can family firms break away from the constraints of decision-making and become early adopters of technology i.e. pathfinders?
In the workshop, we will invite a selected group of delegates (either two or four members per firm) from medium-sized family-owned companies operating in the manufacturing industry to identify and reflect upon the long-term implications of Industry 4.0 and the actions that need to be taken.
The objective of this workshop is to think about how we should prioritize investments into Industry 4.0 technologies for a long-term future. Here, long-term means 20 years. Since forecasting these trends for 15-20 years is extremely difficult, we will provide you with the necessary tools to aid your thinking, “engineer” choice contexts, deal with uncertainty, and enact change effectively.