Assessing Industry 4.0 Transformation of SMEs: A Swot Analysis

Ernur O., Yüksel H.

İzmir Yönetim Dergisi, vol.3, no.1, pp.23-35, 2022 (Peer-Reviewed Journal)

  • Publication Type: Article / Article
  • Volume: 3 Issue: 1
  • Publication Date: 2022
  • Journal Name: İzmir Yönetim Dergisi
  • Page Numbers: pp.23-35
  • Dokuz Eylül University Affiliated: Yes

Abstract

This Study is to examine Industry 4.0 transformation of SMEs, using SWOT analysis to conduct their awareness, activities and current situation within strengths, weaknesses, opportunities and threats in the journey of Industry 4.0 transformation. In this study, interview method was used to analyze the SMEs’ Industry 4.0 transformation. Interviews were conducted with 5 SMEs SMEs where is engaged in The Aegean Area, Turkey more disadvantages to the industry than its advantages. They are aware of technological developments but They are still at the beginning of the transformation process. SMEs should analyze their state time by time and always follow the development of industry for being sustainable regarding the digital age. They should do their best for what can be controlled by themself. This study pioneers SMEs to gain awareness about industry 4.0 and lead them to manage their situation.