Industry 4.0 and SMEs in the Northern Jutland Region

Publikation: Bidrag til bog/antologi/rapport/konference proceedingBidrag til bog/antologiForskningpeer review

Resumé

Being located in the Northern periphery, the economic structure of the
Northern part of the Jutland Peninsula in Denmark is characterized by a
relatively large proportion of firms operating in diverse industrial sectors.
A minor proportion of those are high growth companies with a signifi-
cant presence on international markets. Local firms operate in a diversity
of industrial sectors, which are characterized by medium to high tech-
nological intensity. According to the Danish government, Danish firms
cannot compete with foreign competitors based on low salaries alone
because they will be undercut by international competitors who enjoy
a lower cost base. In parallel, since the last financial crisis, Danish firms
have struggled with the issue of low productivity, which does not justify
the relatively high levels of salary. Because Northern Jutland, being part
of Denmark, falls into the category of a knowledge-based society with a
good educational infrastructure, Industry 4.0-related opportunities can
provide a significant boost to the local economy if tackled in the right
way and contribute to market development and international expansion.
However, a variety of factors, such as relative distance to important mar-
kets and potential industrial partners, can pose a challenge.

OriginalsprogEngelsk
TitelValue Creation in International Business : An SME Perspective
RedaktørerSvetla Marinova, Jorma Larimo, Nina Nummela
Antal sider26
Vol/bindVolume 2
ForlagPalgrave Macmillan
Publikationsdato1 jan. 2017
Udgave1
Sider309-335
Kapitel13
ISBN (Trykt)978-3-319-39368-1
ISBN (Elektronisk)978-3-319-39369-8
StatusUdgivet - 1 jan. 2017

Fingerprint

Industrial sector
Small and medium-sized enterprises
Industry
Competitors
Salary
Proportion
Denmark
International expansion
Costs
International markets
Education
High-tech
Factors
Government
Economic structure
Productivity
Market development
Knowledge-based
Financial crisis
Local economy

Citer dette

Decker, A. (2017). Industry 4.0 and SMEs in the Northern Jutland Region. I S. Marinova, J. Larimo, & N. Nummela (red.), Value Creation in International Business: An SME Perspective (1 udg., Bind Volume 2, s. 309-335). Palgrave Macmillan.
Decker, Arnim. / Industry 4.0 and SMEs in the Northern Jutland Region. Value Creation in International Business: An SME Perspective. red. / Svetla Marinova ; Jorma Larimo ; Nina Nummela. Bind Volume 2 1. udg. Palgrave Macmillan, 2017. s. 309-335
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Decker, A 2017, Industry 4.0 and SMEs in the Northern Jutland Region. i S Marinova, J Larimo & N Nummela (red), Value Creation in International Business: An SME Perspective. 1 udg, bind Volume 2, Palgrave Macmillan, s. 309-335.

Industry 4.0 and SMEs in the Northern Jutland Region. / Decker, Arnim.

Value Creation in International Business: An SME Perspective. red. / Svetla Marinova; Jorma Larimo; Nina Nummela. Bind Volume 2 1. udg. Palgrave Macmillan, 2017. s. 309-335.

Publikation: Bidrag til bog/antologi/rapport/konference proceedingBidrag til bog/antologiForskningpeer review

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AB - Being located in the Northern periphery, the economic structure of theNorthern part of the Jutland Peninsula in Denmark is characterized by arelatively large proportion of firms operating in diverse industrial sectors.A minor proportion of those are high growth companies with a signifi-cant presence on international markets. Local firms operate in a diversityof industrial sectors, which are characterized by medium to high tech-nological intensity. According to the Danish government, Danish firmscannot compete with foreign competitors based on low salaries alonebecause they will be undercut by international competitors who enjoya lower cost base. In parallel, since the last financial crisis, Danish firmshave struggled with the issue of low productivity, which does not justifythe relatively high levels of salary. Because Northern Jutland, being partof Denmark, falls into the category of a knowledge-based society with agood educational infrastructure, Industry 4.0-related opportunities canprovide a significant boost to the local economy if tackled in the rightway and contribute to market development and international expansion.However, a variety of factors, such as relative distance to important mar-kets and potential industrial partners, can pose a challenge.

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Decker A. Industry 4.0 and SMEs in the Northern Jutland Region. I Marinova S, Larimo J, Nummela N, red., Value Creation in International Business: An SME Perspective. 1 udg. Bind Volume 2. Palgrave Macmillan. 2017. s. 309-335