Managing the Transition Process to Society 5.0

Dragan Ćoćkalo; Dijana Tadić; Mihalj Bakator; Sanja Stanisavljev; Vesna Makitan

doi:10.7595/management.fon.2023.0017

Dragan Ćoćkalo University of Novi Sad, Technical Faculty ”Mihajlo Pupin” Zrenjanin http://orcid.org/0000-0003-2085-5420
Dijana Tadić University of Novi Sad, Technical Faculty ”Mihajlo Pupin” Zrenjanin http://orcid.org/0000-0003-0155-071X
Mihalj Bakator University of Novi Sad, Technical Faculty ”Mihajlo Pupin” Zrenjanin http://orcid.org/0000-0001-8540-2460
Sanja Stanisavljev University of Novi Sad, Technical Faculty ”Mihajlo Pupin” Zrenjanin http://orcid.org/0000-0003-3565-2597
Vesna Makitan University of Novi Sad, Technical Faculty ”Mihajlo Pupin” Zrenjanin http://orcid.org/0000-0002-0356-5993

DOI: https://doi.org/10.7595/management.fon.2023.0017

Abstract

Research Question: In this paper, the processes that characterize the transition process to Society 5.0 are analysed. Motivation: The wide application of Industry 4.0 technologies has positively affected the economic aspects of conducting business. However, issues arise in the social and ecological aspects. Overcoming these challenges is not an easy task for both enterprises and countries as well. Multiple processes across multiple industries take place that pave the way towards a new business and social paradigm – Society 5.0. The main goal was to determine what processes characterize the transition to Society 5.0 and how managing some of these processes can affect the transition. Additionally, the role of managers in Society 5.0 is discussed. This is important, as the number of studies that address this subject in this manner is small. The motivation is to expand the existing body of literature in this domain. Idea: The main idea was to conduct a systematic review of studies regarding Society 5.0 from various aspects. Based on the findings, the role of managers is investigated. In addition, a theoretical model of the transition process is developed. Data: For this review study, 54 papers from credible sources were qualitatively analysed. The papers refer to Society 5.0 in various domains (sustainability, business, environment, ICTs, education, technology, data, Industry 4.0, Industry 5.0 etc.). Tools: The well-established PRISMA protocol was used for the review process. The findings were noted and labelled for easier development of the theoretical model. Findings: The findings and the developed model indicate the imperative role of managers across all industries for organic and sustainable results that come from the transition processes. Managers must embrace change and thrive towards the concept of Society 5.0 when it comes to conducting business. Contribution: The results of the review contribute to the existing body of literature, as there are few studies that address Society 5.0 in this manner.

Author Biographies

Dragan Ćoćkalo, University of Novi Sad, Technical Faculty ”Mihajlo Pupin” Zrenjanin

Dragan Ćoćkalo has a PhD in engineering management. He is a full professor at the University of Novi Sad with more than twenty-five years of experience in academia, currently engaged as the Chair of the Department of Management. Dragan's main areas of expertise are Quality management, Entrepreneurship and Regional business development, with an emphasis on the development of technologies, productivity, and competitiveness. He is one of the founders and editor-in-chief of the Journal of Engineering Management and Competitiveness (JEMC), which is published by his home Faculty.

Dijana Tadić, University of Novi Sad, Technical Faculty ”Mihajlo Pupin” Zrenjanin

Dijana Tadić Stanić completed her master's studies at the Technical Faculty "Mihajlo Pupin" in Zrenjanin, University in Novi Sad. She is currently a PhD student at this faculty. Her main areas of interest are engineering management and Industry 4.0 technologies.

Mihalj Bakator, University of Novi Sad, Technical Faculty ”Mihajlo Pupin” Zrenjanin

Mihalj Bakator has a PhD in engineering management at the University of Novi Sad, Technical faculty “Mihajlo Pupin”, in Zrenjanin, Republic of Serbia. Currently, he is an assistant professor at the University of Novi Sad, Technical faculty “Mihajlo Pupin”, Zrenjanin. His areas of research interest are marketing management, quality management, entrepreneurship, and economy.

Sanja Stanisavljev, University of Novi Sad, Technical Faculty ”Mihajlo Pupin” Zrenjanin

PhD Sanja Stanisavljev, born in 1984, is an associate professor and Vice Dean for Education at the Technical Faculty “Mihajlo Pupin” in Zrenjanin, University of Novi Sad, Serbia. She defended her doctoral dissertation at the Faculty of Technical Sciences, University of Novi Sad, Serbia, in 2017. Employed at the Technical Faculty in Zrenjanin since 2009. Her research interests include Management and Industrial Engineering, Sustainable development, production planning and management.

Vesna Makitan, University of Novi Sad, Technical Faculty ”Mihajlo Pupin” Zrenjanin

PhD Vesna Makitan (Jevtić), was born in 1971, in Zrenjanin. She is employed at University of Novi Sad, Technical faculty “Mihajlo Pupin” in Zrenjanin, the Department of Information Technologies. Her courses include Software and IT Management projects, Management of information technologies, Basics of online media, Agile methodologies. Her areas of interest are information technologies, IT project management, software maintenance, optimization methods, and Industry 4.0 technologies.

Managing the Transition Process to Society 5.0

Abstract

Author Biographies

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