JAGSoM

The Fifth Industrial Revolution: How harmonious human–machine collaboration is triggering a retail and service [R] evolution

a parasuraman

Prof. A. Parasuraman

Pro-Chancellor, Vijaybhoomi University

Noble, S. M., Mende, M., Grewal, D., & Parasuraman, A. (2022).
Journal of Retailing.

Abstract:

This manuscript draws attention to the dawn of the Fifth Industrial Revolution (5IR) and highlights its
potential for addressing a host of issues within retail and service domains. With a retailing and
service perspective, the authors outline the meaning of the 5IR, according to a 2 × 2 framework that
categorizes retailers and service providers by their embrace of human–machine collaborations. They
also propose an expanded definition of stakeholders in the 5IR (companies, employees, customers,
27 and society). Merging digital, physical, and biological technologies promises enhanced well-being for
societal actors across the board. By outlining these likely implications of the 5IR for retailing and
services, this article establishes a roadmap for how the (r)evolution is likely to progress and offers a
set of key research questions that emerge as a result.

Link to Article: https://www.sciencedirect.com/science/article/pii/S0022435922000288

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THEME BASED CURRICULUM

PEOPLE

Understanding Workforce Management in the MSME sector workplace.

– Organization Structure options.

– Challenges of HR planning, talent acquisition, talent management, learning and development, compensation and benefits for MSMEs.

– HR Policy, HR Manual, and Service Rules

– Employee relations – Central labour laws applicable to MSMEs; state amendments in Karnataka; other labour laws applicable in Karnataka; key compliance issues and penal provisions.

– Future implications of the proposed Labour Code.

THEME BASED CURRICULUM

 MONEY

Raising capital

– Utilization and allocation of capital

– Managing cost & cash

– Understanding the financial health of business

– Reporting

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