In present times, the market environment is highly competitive, volatile, and innovative. To survive and gain a competitive advantage in such market conditions, firms find it essential to revive their internal capabilities and competences regularly (Teece et al., 1997). Empirical studies have...

The spread of digital technologies changes production processes and business models, which has important effects for diversification of the economy. The fourth industrial revolution and the Industrial Internet of Things open up new opportunities for the introduction of technologies, having a...