Journal
TECHNOLOGICAL FORECASTING AND SOCIAL CHANGE
Volume 195, Issue -, Pages -Publisher
ELSEVIER SCIENCE INC
DOI: 10.1016/j.techfore.2023.122751
Keywords
Smart factories; Government support; Managerial awareness; Financial preparedness; Efficiency expectation; fsQCA
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Despite the pervasiveness of the Fourth Industrial Revolution, few studies have examined the adoption of smart factories. This study investigates the factors driving the adoption of smart factories in South Korean marine equipment firms using a fuzzy-set configuration approach. The findings reveal complex paths with factors such as government support and the entrepreneurial spirit of top management shaping the implementation of smart factories.
Despite the pervasiveness of the Fourth Industrial Revolution, few studies have examined the adoption of smart factories. Scholars have long examined firms' willingness to adopt smart factories. Thus, this study heeds this call by investigating the factors driving the adoption of smart factories. It employs a fuzzy-set configuration approach to capture the complex interactions underlying these drivers in the context of South Korean marine equipment firms. Based on data from a sample of 180 respondents, the findings revealed four complex paths with factors including government support, the entrepreneurial spirit of top management, efficiency expectation, and financial preparedness shaping the high and low implementation of smart factories. Theoretically, the findings are an exception to extant technology acceptance models. Practically, the attention of practitioners in South Korea and other similar contexts was drawn.
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