CONCEPTS OF ENTERPRISE DEVELOPMENT IN ECONOMY 5.0

Keywords: concept, human capital, activity adaptability, open communication, social responsibility

Abstract

The research's relevance stems from the growing market dynamism, the shift from Economy 4.0 to Economy 5.0, and the interpretation of this transition as a pivotal stage in enterprise production processes and their socio-economic role. It is worth noting that in Economy 5.0, the focus of enterprises is increasingly shifting from simple automation and optimization of production processes to creating a shared space for collaboration between robots and humans (facilitated by a range of specific concepts). The purpose of the article is to identify and systematically characterize the concepts of enterprise development in Economy 5.0. Within the research, the identification of the distinctive features of key aspects of change accompanying the transition of enterprises from Economy 4.0 to 5.0 has been carried out. The study realizes the definition of the characteristics of transforming enterprises into active participants in socio-economic relations in Economy 5.0. The research identifies and describes fundamental characteristics of components as concepts of enterprise development in Economy 5.0.

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Published
2024-03-29
How to Cite
Baklanova, O., Papp, V., & Proscura, V. (2024). CONCEPTS OF ENTERPRISE DEVELOPMENT IN ECONOMY 5.0. Economic Scope, (190), 98-103. https://doi.org/10.32782/2224-6282/190-18
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