• BUSINESS & “INDUSTRY 4.0”

    The organizational concept of the virtual corporation and its integration into Industry 4.0

    Industry 4.0, Vol. 5 (2020), Issue 3, pg(s) 132-137

    Examining the effects of the technological components of Industry 4.0 on the structure of companies, one is reminded of an organizational concept that was popular at the turn of the Millennium: the Virtual Corporation (VC). As early as 1993, the American authors William Davidoff and Michael Malone proclaimed the “virtual revolution”. For them, the decisive building block for the formation of a new economic system was the Virtual Corporation. The literature attributed to this concept the ability to solve the problems of large companies (such as inflexibility) and small enterprises (such as poor economies of scale) simultaneously and to combine the best features of both extremes of company size. This article discusses, which prerequisites for the implementation of VC, then mostly dreams of the future, are given today and how the concept of the VC can complement Industry 4.0 and serve as a role model on an organizational level.