Innovation in the Digital Economy: New Approaches to Management for Industry 5.0

The rapidly changing world requires constant revisions and adaptations to existing business strategies and models. The emerging industry 5.0 reality is forcing companies to transition to a more sustainable, human-centric, and resilient industry through innovation. This book presents concrete business models and practical frameworks to assist managers in developing and implementing innovative and robust businesses, both globally and locally.

This edited collection compiles an experienced team of contributing authors with diverse academic backgrounds who cover a range of topics on different aspects of innovation, from exploring the challenges associated with industry 5.0 to incorporating artificial intelligence in modeling consumer behavior. Based on the experiences and challenges posed by recent economic developments and recovery from the COVID-19 pandemic, the book offers the reader a chance to read case studies from global companies that have successfully implemented new innovations. Thanks to a rigorous research methodology in accordance with principles and standards recognized by the DAC Network, the book provides an actionable road map on how to change one’s innovation strategy techniques in light of changing business conditions.

Innovation in the Digital Economy will be of direct interest to scholars and subject matter experts in the field of innovation management. Business leaders and reflective practitioners will find the content relevant and accessible.

Agnieszka Rzepka is a Professor at Lublin University of Technology in the Faculty of Management in the Department of Economics and Economic Management. She specializes in inter-organizational management, intellectual capital, self-management, and SMEs. Her current research is focused on teal organizations. In addition to 140 papers, she has written 7 proprietary and collective monographs such as Inter-organizational Relations and Intellectual Capital as Factors for the Development of Micro and Small Enterprises: A Study of Polish and Georgian Enterprises (Difin, 2018) She is also the co-author of Self-Management, Entrepreneurial Culture, and Economy 4.0: A Contemporary Approach to Organizational Theory Development (Routledge, 2022) and Inter-organizational Management in Agile Enterprises (Texter, 2017).