Development of Teal Organisations in Economy 4.0: An Empirical Research

Abstract

Purpose: The aim of this article is to present the impact of Economy 4.0 on the development of Teal organizations. It has been assumed here that every organization must adapt to change by applying soft management factors (trust, knowledge, agility) in a changing reality. Methodology: During the research, the following work was carried out: desk research, individual in-depth interview, and a questionnaire. The study covered 300 respondents from various micro and small enterprises. The article is based on the first stage of empirical research conducted in 2020. Findings: The research results show that organizations must adapt to changes resulting from the evolution of organizations in Economy 4.0. Flexibility in adapting to change, agility and the willingness of employees to gain new work experience will be particularly demanded by Economy 4.0. Practical Implications: Given the rapid pace of social and economic change, it seems advisable to monitor the functioning of organizations, including business organizations, continuously and systematically in the face of Economy 4.0. Originality/Value: The presented results of the pilot studies show which soft skills will influence the development of organization, especially Teal. The way the organization develops and the direction it takes is the primary responsibility of its leaders.