Integration of Management Theory and Industry 4.0 Technologies for Economic Development in Africa: A Framework Proposal.
Publication Date: 03/11/2025
Author(s): Edet Asuquo Okon.
Volume/Issue: Volume 8, Issue 3 (2025)
Page No: 79-105
Journal: International Journal of Entrepreneurship and Business Innovation (IJEBI)
Abstract:
Purpose: This study investigated the intersection of management theories, technology adoption enablers, and I4.0 technologies' collective impact on business growth and economic development in Africa. Design/methodology: The study used a systematic narrative and analytic literature review method to gather metadata on the relationship and interaction study variables. We used fuzzy interpretative structural modelling (Fuzzy-ISM) in the Python programming language to model metadata from 40 pieces of literature reporting the study theme interactions, aiming to understand the relationship and interaction between MT, technology adoption enablers, and I4.0 technologies. Findings: The findings indicate that integrating I4.0 technologies with conventional manufacturing techniques can revolutionise industrial processes, boost productivity, and stimulate entrepreneurial innovation. The findings further validate that factors such as digital transformation, innovation, and collaboration play essential roles in facilitating the adoption of I4.0 technology. Nonetheless, obstacles like technological disruption, skill gaps, and socioeconomic issues present considerable hurdles to the adoption of I4.0 technology among businesses in Africa. Practical implication: The study emphasises the importance of strategic alignment between MTs, enablers, and I4.0 technologies to accelerate business growth, Africa’s industrialisation, and economic growth, although this requires substantial investments and localised adaptation. Originality/value: Overall, the study provides valuable insight into how African businesses can leverage I4.0 technologies to drive sustainable development while mitigating the risks associated with technological adoptions.
Keywords:
Industry 4.0, Management theory, Economic development, Business growth, Narrative and analytical approach, Fuzzy model.
