Keywords
Industry 4.0
scalability
technological risk
How to Cite
Abstract
This article identifies key strategic risks relating to the functioning of organizations within Industry 4.0, emphasizing scalability. It employs a quantitative CAWI survey that involves 400 organizations from 16 European countries. It uses a research model that categorizes strategic risks based on the components of Industry 4.0’s nine pillars and dimensions of scalability. The findings highlight diverse perceptions of strategic risks. Notably, the risks linked to unit cost, market niche potential, and distribution standardization. Risk distribution varied significantly among the studied European countries, with no universal predominant risk identified. This research provides a structured framework that classifies Industry 4.0 risks and opportunities aligned with scalability dimensions, advancing strategic risk management in dynamic technological environments. The developed Industry 4.0’s risk and opportunity matrix serves as a managerial tool, supporting strategic decisions by prioritizing risks and opportunities according to their potential impact on organizational performance and competitive advantage.
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