Muhammad Mohiuddin

By Muhammad Mohiuddin, Md. Samim Al Azad, Selim Ahmed, Slimane Ed-Dafali and Mohammad Nurul Hasan Reza

Industry 4.0 is the natural consequence of the techno-industrial development of the last decades. It has the huge potentiality to change the way globalization of manufacturing and consumption of goods and services that take place in the global markets. This chapter will focus on the evolution of Industry 4.0 and how this new technological framework will create values for firms and consumers, and how we can use it for a firm’s competitiveness and save them from the fallout of its development. An extensive literature review shows that the multi-faceted technology will hugely impact the global value chain, global supply chain, and new global division of labor (NGDL). It will reconfigure and re-distribute the business activities in the developing, emerging, and developed country markets and small and medium sizes firms and MNCs. The rapid development of technological and human capabilities can allow firms to reap benefits from this technology. At the same time, there are many challenges related to skill shortages, technological issues, business ethics, and values that need to be overcome to reap a profit from this new technological advancement.

Part of the book: Global Trade in the Emerging Business Environment

By Bilal Khalid, Md Samim Al Azad, Slimane Ed-dafali and Muhammad Mohiuddin

Strategic planning and entrepreneurial leadership are needed for effective navigation into the volatile business environment in an era of the knowledge intensive and fast-changing business eco-system. The growing volatile and competitive business climate demands a new sort of “leadership” different from the conventional form of leadership. As a result, having either management or entrepreneurial traits in venture leaders is insufficient for business success. Leaders must be capable of both entrepreneurship and management skills to excel. This study emphasizes the notion of venture leadership that refers to entrepreneurial leadership combining leadership characteristics with an entrepreneurial mindset. In addition, venture leadership involves developing new business processes, new products and prospects for growth in established businesses, collaborating with other social institutions to combat neglected social issues, engaging in political and social movements, and contributing to the modification of prevailing policies and schemes executed by the government and civil organizations. Venture leadership is an emerging concept in business management that challenges the status quo. As a result, the relevance of venture leadership is addressed in this paper by investigating the idea of venture leadership, leadership skills, and ethics in the emerging country context of Thailand.

Part of the book: Leadership in a Changing World

By Elahe Hosseini, Mehdi Tajpour and Muhammad Mohiuddin

Knowledge capital is the most important asset for an organization in today’s context. Digitalization and platformalization of the economy transformed the organizational ecosystem where we need continuous improvement through innovation and creativity. To that end, knowledge employees play an important role in raising their voices with feedback and ideas. This chapter explores the role of knowledge employees in digital startups and how top management can ensure an organizational ecosystem where knowledge employees can flourish and contribute to the competitive advantage of the firms. Our analysis shows that top management needs to create both conducive organizational culture and infrastructure of the organization to fully explore and exploit the knowledge of employees’ expertise and experience for organizational advantages.

Part of the book: Recent Advances in Knowledge Management