Abstract
Early warning systems are becoming increasingly important in high‐risk industries, because of their potential to detect all kinds of subtle threats and opportunities, that is, weak signals, in order to avoid strategic surprises. However, it is an under‐researched area within the context of smart factories. For the purpose of the study, semi‐structured group interviews were used to investigate how managers at a smart factory, a highly innovative global supplier in the automotive industry sense weak signals, perceive the role of intuition, smart systems and business model adjustments. The results of the study show that managers perceive early warning systems as highly important for timely response to development changes and that both smart systems and intuition play an essential role in detecting and responding to weak signals. Based on this study, we propose a managerial early warning system model with four stages, namely, identifying, screening, appraising and responding to weak signs, within the context of a smart factory. © 2018 John Wiley & Sons, Ltd.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.