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Marketing principles for Industry 4.0 — a conceptual framework Cover

Marketing principles for Industry 4.0 — a conceptual framework

Open Access
|Nov 2019

Abstract

The holistic approach to Industry 4.0 requires a broader look at the changes taking place in the area of marketing. Therefore, this article mainly aims to present an outline of changes in marketing for companies implementing the concept of Industry 4.0 in the context of Design Principles of Industry 4.0. The authors propose a conceptual framework for Marketing in Industry 4.0, deriving from the guidelines for designing strategies to implement Industry 4.0.

The paper allows a better understanding of the Industry 4.0 phenomenon in the context of changes in the area of marketing in general and in industrial markets in particular. The conceptual framework presented in the article suggests a need for a new approach to shaping marketing strategies and the marketing mix in the Fourth Industrial Revolution and helps in identifying the key areas for the marketing mix according to the Industry 4.0 concept.

DOI: https://doi.org/10.2478/emj-2019-0016 | Journal eISSN: 2543-912X | Journal ISSN: 2543-6597
Language: English
Page range: 9 - 20
Submitted on: May 2, 2019
Accepted on: Sep 15, 2019
Published on: Nov 19, 2019
Published by: Bialystok University of Technology
In partnership with: Paradigm Publishing Services
Publication frequency: 4 issues per year

© 2019 Katarzyna Nosalska, Grzegorz Mazurek, published by Bialystok University of Technology
This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 License.