Adapting to Industry Dynamics defined as

Adapting to Industry Dynamics by students defined as

After understanding an industry's general economic characteristics, industry and competitive analysis should focus on the dynamics of the industry.

Which of the following is not generally a "driving force" capable of producing fundamental changes in industry and competitive conditions?Multiple Choicemovement in the economy and in interest ratesproduct innovation and technological changeregulatory influences and government policy changesincreasing globalization of the industrychanges in the long-term industry growth rate

What does the Company Industry Fit diagram identify?How to disrupt the company’s industryHow long a company’s industry will remain intactFinancial projections for the coming five yearsAlignment between types of external environments and industries

Actions and approaches for enabling Industry 5.0-drivensustainable industrial transformation: A strategy roadmapMorteza Ghobakhloo 1,2 | Mohammad Iranmanesh 3 | Manuel E. Morales 1 |Mehrbakhsh Nilashi 4 | Azlan Amran 51 School of Economics and Business, KaunasUniversity of Technology, Kaunas, Lithuania2 Division of Industrial Engineering andManagement, Uppsala University, Uppsala,Sweden3 School of Business and Law, Edith CowanUniversity, Joondalup, Western Australia,Australia4 UCSI Graduate Business School, UCSIUniversity, Kuala Lumpur, Malaysia5 Graduate School of Business, Universiti SainsMalaysia, Penang, MalaysiaCorrespondenceMorteza Ghobakhloo, School of Economicsand Business, Kaunas University ofTechnology, Kaunas, Lithuania.Email: [email protected];[email protected] informationHorizon 2020 Research and InnovationProgramme, Grant/Award Number: 810318AbstractAlthough Industry 4.0 was believed to promote sustainable development, it hasignored or misunderstood many prevailing sustainability concerns, which led to theemergence of the Industry 5.0 agenda. While the desirable sustainability values ofIndustry 5.0 are widely acknowledged, the knowledge of how this agenda can deliversustainable transformation is lacking. The present study addresses this knowledgegap, explaining how Industry 5.0 transformation should be managed to facilitatesustainable development. Therefore, this study strives to model the underlyingmechanism for enabling such transformation. The study conducted a content-centricreview of the literature and identified 11 actions and approaches that serve asenablers of Industry 5.0 transformation. The study further conducted the interpretivestructural modeling and structured the enablers as an interpretive model explainingsteps needed for enabling Industry 5.0. Finally, the study developed the strategyroadmap for enabling Industry 5.0 transformation and sustainable development.Results emphasized stakeholder salience, highlighting the enabling role of stake-holder integration and collaboration in Industry 5.0 transformation. Proactivegovernmental support is the most driving enabler of Industry 5.0, whereas eco-innovation and sustainable value network reformation are among the most complexand hard-to-develop enablers. Results offer several implications for policymakers andpractitioners, explaining the functionality of each approach and strategy necessaryfor Industry 5.0 transformation. The roadmap determines the sequential relationshipsamong these approaches and strategies and identifies their optimal developmentsequence for enabling Industry 5.0 transformation synergistically. Results furtheridentify the codependences among the Industry 5.0 transition enablers and highlighttheir interactions and complementarities.K E Y W O R D Sdigital technology, environmental sustainability, human-centricity, Industry 5.0, resilience,sustainable industrial transformationReceived: 17 August 2022 Revised: 8 November 2022 Accepted: 27 November 2022DOI: 10.1002/csr.2431This is an open access article under the terms of the Creative Commons Attribution-NonCommercial License, which permits use, distribution and reproduction in anymedium, provided the original work is properly cited and is not used for commercial purposes.© 2022 The Authors. Corporate Social Responsibility and Environmental Management published by ERP Environment and John Wiley & Sons Ltd.Corp Soc Responsib Environ Manag. 2023;30:1473–1494. wileyonlinelibrary.com/journal/csr 1473