THE SUSTAINABILITY TRANSITION FROM QUALITY 4.0 TO QUALITY 5.0. A ROLE OF SUSTAINABLE SPIRITUAL AND INTELLIGENT LEADERSHIP IN THE CREATION OF INTANGIBLE CAPITAL FOR FUTURE

Journal Title: Journal of Innovations in Business and Industry - Year 2023, Vol 1, Issue 2

Abstract

The world is in the process of rapid change in all areas of living. In all of them exists old and new problems with urgent needs for solving. The transition from Industry 3.0 to Industry 4.0 changed the view on industry in the 21st century and also there are challenges based on Quality 3.0 and Quality 4.0 concept. In the last ten years developed the concept of Japan's „Society 5.0“ which needs the Quality 5.0 concept. This is the main motive for researching the possibility of transitioning quality into the Quality 5.0 concept. In the paper presents basic information about Industry 4.0 and Quality 4.0 based on new challenges in the 21st century. Based on the literature and my own research is defined the concept of Quality 5.0 and ways of transition to Quality 5.0, especially in transition counties as Serbia in the next 30 years. The first analysis pointed out that it is possible to use untangle capital-including smart technologies, smart leadership, smart people, and other smart „things“ for achieving smart/integrated quality, quality of life, resilience, and all human-centric activities. The new concept of Quality 5.0 needs a new role of leadership (Sustainable, Spiritual, Intelligent Leadership), a new model of the effective transition from Quality 4.0 to Quality 5.0, and creation of quality capital needed for the future.

Authors and Affiliations

Slavko Arsovski

Keywords

Related Articles

EXPECTATIONS TOWARDS SUPPLIERS IN TERMS OF ENSURING AND IMPROVING THE QUALITY OF PRODUCTS AND PROCESSES

The aim of the article is to present current trends in the expectations of producers operating on the B2B market towards suppliers in the field of ensuring and improving the quality of products and processes. The analysi...

LEADERSHIP IN A YOUTH MOVEMENT AS A TRANSFORMATIVE EXPERIENCE

This study discusses the social leadership of counselors in youth movements in Israel and its contribution to social engagement, both for themselves and the members of the movements. The study method is qualitative, in w...

TIPS FOR A SUCCESSFUL APPLICATION OF INNOVATION IN A BUSINESS

For a company, the innovation process can be very costly in terms of time and resources if not planned properly. Therefore, companies must take the right steps for innovation and lay the right foundation for a successful...

METHODOLOGICAL ASPECTS OF SIMULATION MODELING OF EMERGENCY INTERACTION OF LIFE SUPPORT SYSTEMS

An important component of the sustainable functioning of urbanized territories are life support systems that provide the main indicators of the quality of life of the population both in normal conditions and in emergency...

A STUDY ON FACTORS INFLUENCING THE CONSUMER BUYING BEHAVIOR WITH REFERENCE TO ORGANIZED APPAREL RETAIL OUTLETS

The Indian Retail sector has come off age and has gone through major transformation over the last decade with a noticeable shift towards organized retailing. Modern retail formats, such as hypermarkets, superstores, supe...

Download PDF file
  • EP ID EP727360
  • DOI 10.61552/JIBI.2023.02.001
  • Views 49
  • Downloads 0

How To Cite

Slavko Arsovski (2023). THE SUSTAINABILITY TRANSITION FROM QUALITY 4.0 TO QUALITY 5.0. A ROLE OF SUSTAINABLE SPIRITUAL AND INTELLIGENT LEADERSHIP IN THE CREATION OF INTANGIBLE CAPITAL FOR FUTURE. Journal of Innovations in Business and Industry, 1(2), -. https://europub.co.uk/articles/-A-727360