Skip to main content
SpringerLink
Log in

The Role of Business Leaders in Industry 5.0

  • Conference paper
  • First Online:
Research and Innovation Forum 2023 (RIIFORUM 2023)

Part of the book series: Springer Proceedings in Complexity ((SPCOM))

Included in the following conference series:

Abstract

The Fifth Industrial Revolution (Industry 5.0) is right around the corner, or maybe well underway if some experts are to be believed. Not surprisingly, it is projected to play an active role in addressing the significant challenges that society faces today. It goes beyond jobs and development, deeply integrating sustainability principles and replenishing the “perturbations of the earth system”. Indeed, it goes beyond industry per se and expands on the ideas of Industry 4.0 by emphasizing a human-centric approach to business strategy through re-purposing digital technologies such as artificial intelligence, up-skilling and re-skilling workers, particularly in digital skills, enabling the transition to a circular economy with modern, resource-efficient, and sustainable industries, creating a globally competitive and world-leading industry and accelerating investment in research and innovation. In this new era, leadership and the management of humans have vital roles to play. Here, humans are seen not just as a resource but as the sole reason for the industry to exist. The present paper explores what kinds of leadership styles and skills will be required to make Industry 5.0 a success. A conceptual model is present to demonstrate Leadership 5.0 to help Industry 5.0 succeed.

This is a preview of subscription content, log in via an institution to check access.

Access this chapter

Log in via an institution
Chapter
USD 29.95
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
eBook
USD 139.00
Price excludes VAT (USA)
  • Available as EPUB and PDF
  • Read on any device
  • Instant download
  • Own it forever
Hardcover Book
USD 179.99
Price excludes VAT (USA)
  • Durable hardcover edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Purchases are for personal use only

Institutional subscriptions

References

  1. Akcay Kasapoglu, O.: Leadership and organization for the companies in the process of Industry 4.0 transformation. Int. J. Organ. Leadersh. 7, 300–308 (2018)

    Google Scholar 

  2. Bass, B.M.: Leadership: good, better, best. Organ. Dyn. 13(3), 26–40 (1985)

    Google Scholar 

  3. Basham, L.M.: Transformational leadership characteristics necessary for today’s leaders in higher education. J. Int. Educ. Res. (JIER) 8(4), 343–348 (2012)

    Google Scholar 

  4. Breque, M., De Nul, L., Petridis, A.: Industry 5.0: Towards a sustainable, human-centric, and resilient European industry. European Commission, Directorate-General for Research and Innovation, Luxembourg, LU (2021)

    Google Scholar 

  5. Saǧbaş, M., Erdoǧan, F.A.: Digital leadership: a systematic conceptual literature review. İstanbul Kent Üniversitesi İnsan ve Toplum Bilimleri Dergisi 3(1), 17–35 (2022)

    Google Scholar 

  6. Chatterjee, S., Chaudhuri, R., Vrontis, D., Giovando, G.: Digital workplace and organization performance: moderating role of digital leadership capability. J. Innov. Knowl. 8(1), 100334 (2023)

    Google Scholar 

  7. Chun, J.U., Yammarino, F.J., Dionne, S.D., Sosik, J.J., Moon, H.K.: Leadership across hierarchical levels: multiple levels of management and multiple levels of analysis. Leadersh. Q. 20(5), 689–707 (2009)

    Google Scholar 

  8. Coronado, E., Kiyokawa, T., Ricardez, G.A.G., Ramirez-Alpizar, I.G., Venture, G., Yamanobe, N.: Evaluating quality in human-robot interaction: a systematic search and classification of performance and human-centered factors, measures and metrics towards an Industry 5.0. J. Manuf. Syst. 63, 392–410 (2022)

    Google Scholar 

  9. Corvello, V., Troisi, O., Visvizi, A., Papa, A.: Promoting knowledge practices for stimulating innovation in Society 5.0: integrating humans and technology for building smarter and sustainable managerial perspectives (2023)

    Google Scholar 

  10. Directorate-General for Research and Innovation: Industry 5.0: towards more sustainable, resilient and human-centric industry (2021). Retrieved from https://research-and-innovation.ec.europa.eu/news/all-research-and-innovation-news/industry-50-towards-more-sustainable-resilient-and-human-centric-industry-2021-01-07_en

  11. Elche, D., Ruiz-Palomino, P., Linuesa-Langreo, J.: Servant leadership and organizational citizenship behavior: the mediating effect of empathy and service climate. Int. J. Contemp. Hosp. Manage. 32(6), 2035–2053 (2020)

    Google Scholar 

  12. Grabowska, S., Saniuk, S., Gajdzik, B.: Industry 5.0: improving humanization and sustainability of Industry 4.0. Scientometrics 127(6), 3117–3144 (2022)

    Google Scholar 

  13. Guzmán, V.E., Muschard, B., Gerolamo, M., Kohl, H., Rozenfeld, H.: Characteristics and skills of leadership in the context of Industry 4.0. Procedia Manuf. 43, 543–550 (2020)

    Google Scholar 

  14. Huang, S., Wang, B., Li, X., Zheng, P., Mourtzis, D., Wang, L.: Industry 5.0 and Society 5.0-comparison, complementation and co-evolution. J. Manuf. Syst. 64, 424–428 (2022)

    Google Scholar 

  15. Ivanov, D.: The Industry 5.0 framework: Viability-based integration of the resilience, sustainability, and human-centricity perspectives. Int. J. Prod. Res. 61(5), 1683–1695 (2023)

    Google Scholar 

  16. Leng, J., Sha, W., Wang, B., Zheng, P., Zhuang, C., Liu, Q., Wuest, T., Mourtzis, D., Wang, L.: Industry 5.0: prospect and retrospect. J. Manuf. Syst. 65, 279–295 (2022)

    Google Scholar 

  17. Lu, Y., Zheng, H., Chand, S., Xia, W., Liu, Z., Xu, X., Bao, J.: Outlook on human-centric manufacturing towards Industry 5.0. J. Manuf. Syst. 62, 612–627 (2022)

    Google Scholar 

  18. Maddikunta, P.K.R., Pham, Q.V., Prabadevi, B., Deepa, N., Dev, K., Gadekallu, T.R., Ruby, R., Liyanage, M.: Industry 5.0: a survey on enabling technologies and potential applications. J. Ind. Inf. Integr. 26, 100257 (2022)

    Google Scholar 

  19. Mihardjo, L.W.W., Sasmoko, S., Alamsjah, F., Elidjen, E.: Digital leadership role in developing business model innovation and customer experience orientation in Industry 4.0. Manage. Sci. Lett. 9(11), 1749–1762 (2019)

    Google Scholar 

  20. Murari, K., Gupta, K.S.: Impact of servant leadership on employee empowerment. J. Strateg. Hum. Resour. Manage. 1(1), 28 (2012)

    Google Scholar 

  21. Nahavandi, S.: Industry 5.0-a human-centric solution. Sustainability 11(16), 4371 (2019)

    Google Scholar 

  22. Peng, T., He, Q., Zhang, Z., Wang, B., Xu, X.: Industrial internet-enabled resilient manufacturing strategy in the wake of COVID-19 pandemic: a conceptual framework and implementations in China. Chinese J. Mech. Eng. 34(1), 1–6 (2021)

    Google Scholar 

  23. Piwowar-Sulej, K., Iqbal, Q.: Leadership styles and sustainable performance: a systematic literature review. J. Cleaner Prod. 382, 134600 (2023)

    Google Scholar 

  24. Podsakoff, P.M., MacKenzie, S.B., Moorman, R.H., Fetter, R.: Transformational leader behaviors and their effects on followers’ trust in leader, satisfaction, and organizational citizenship behaviors. Leadersh. Q. 1(2), 107–142 (1990)

    Google Scholar 

  25. Polese, F., Troisi, O., Grimaldi, M., Loia, F.: Reinterpreting governance in smart cities: an ecosystem-based view. In: Smart Cities and the UN SDGs, pp. 71–89. Elsevier (2021)

    Google Scholar 

  26. Sindhwani, R., Afridi, S., Kumar, A., Banaitis, A., Luthra, S., Singh, P.L.: Can Industry 5.0 revolutionize the wave of resilience and social value creation? A multi-criteria framework to analyze enablers. Technol. Soc. 68, 101887 (2022)

    Google Scholar 

  27. Spears, L.C.: Character and servant leadership: ten characteristics of effective, caring leaders. J. Virtues Leadersh. 1(1), 25–30 (2010)

    Google Scholar 

  28. Stone, A.G., Russell, R.F., Patterson, K.: Transformational versus servant leadership: a difference in leader focus. Leadersh. Organ. Dev. J. 25(4), 349–361 (2004)

    Google Scholar 

  29. Thomas, A., Gupta, V.: Tacit knowledge in organizations: bibliometrics and a framework-based systematic review of antecedents, outcomes, theories, methods and future directions. J. Knowl. Manage. 26(4), 1014–1041 (2022)

    Google Scholar 

  30. Tuan, L.T.: Effects of environmentally-specific servant leadership on green performance via green climate and green crafting. Asia Pac. J. Manage. 38(3), 925–953 (2021)

    Google Scholar 

  31. Van Dierendonck, D.: Servant leadership: a review and synthesis. J. Manage. 37(4), 1228–1261 (2011)

    Google Scholar 

  32. Visvizi, A., Troisi, O., Grimaldi, M.: Big Data and decision-making: how Big Data is relevant across fields and domains. In: Big Data and Decision-Making: Applications and Uses in the Public and Private Sector, pp. 1–11. Emerald Publishing Limited (2023)

    Google Scholar 

  33. Visvizi, A., Troisi, O., Grimaldi, M., Loia, F.: Think human, act digital: activating data-driven orientation in innovative start-ups. Eur. J. Innov. Manage. 25(6), 452–478 (2022)

    Google Scholar 

  34. Visvizi, A., Lytras, M.D., Damiani, E., Mathkour, H.: Policy making for smart cities: innovation and social inclusive economic growth for sustainability. J. Sci. Technol. Policy Manage. 9(2), 126–133 (2018)

    Google Scholar 

  35. Weill, P., Ross, J.W.: IT savvy: what top executives must know to go from pain to gain. Harvard Business Press (2009)

    Google Scholar 

  36. Weill, P., Woerner, S.: What’s your digital business model?: six questions to help you build the next-generation enterprise. Harvard Business Press (2018)

    Google Scholar 

  37. Xu, X., Lu, Y., Vogel-Heuser, B., Wang, L.: Industry 4.0 and Industry 5.0-inception, conception and perception. J. Manuf. Syst. 61, 530–535 (2021)

    Google Scholar 

  38. Zhu, J., Zhang, B., Xie, M., Cao, Q.: Digital leadership and employee creativity: the role of employee job crafting and person-organization fit. Front. Psychol. 13, 827057 (2022)

    Google Scholar 

  39. Zizic, M.C., Mladineo, M., Gjeldum, N., Celent, L.: From Industry 4.0 towards Industry 5.0: a review and analysis of paradigm shift for the people, organization and technology. Energies 15(14), 5221 (2022)

    Google Scholar 

Download references

Author information

Authors and Affiliations

  1. Department of Operations Research and Business Intelligence, Wrocław University of Science and Technology, Wrocław, Poland

    Asha Thomas & Yash Chawla

  2. Quinlan School of Business, Loyola University Chicago, Chicago, IL 60611, USA

    Arup Varma

  3. DAC.digital, Gdańsk, Poland

    Przemek Szleter

Authors
  1. Asha Thomas
    View author publications

    You can also search for this author in PubMed Google Scholar

  2. Yash Chawla
    View author publications

    You can also search for this author in PubMed Google Scholar

  3. Arup Varma
    View author publications

    You can also search for this author in PubMed Google Scholar

  4. Przemek Szleter
    View author publications

    You can also search for this author in PubMed Google Scholar

Corresponding author

Correspondence to Yash Chawla .

Editor information

Editors and Affiliations

  1. SGH Warsaw School of Economics, Warsaw, Poland

    Anna Visvizi

  2. Università degli Studi di Salerno, Fisciano, Italy

    Orlando Troisi

  3. University of Messina, Messina, Italy

    Vincenzo Corvello

Rights and permissions

Reprints and permissions

Copyright information

© 2024 The Author(s), under exclusive license to Springer Nature Switzerland AG

About this paper

Check for updates. Verify currency and authenticity via CrossMark

Cite this paper

Thomas, A., Chawla, Y., Varma, A., Szleter, P. (2024). The Role of Business Leaders in Industry 5.0. In: Visvizi, A., Troisi, O., Corvello, V. (eds) Research and Innovation Forum 2023. RIIFORUM 2023. Springer Proceedings in Complexity. Springer, Cham. https://doi.org/10.1007/978-3-031-44721-1_47

Download citation

Publish with us

Policies and ethics

Search

Navigation