Industry 4.0 is expected to bring several conversions for industrial value creation, encompassing entire value-added networks. Small and medium-sized enterprises (SMEs), which play an important role for both the German as well as the European economy, struggle to integrate the concept of...

Purpose: To address the challenges regarding the concept of Industry 4.0 and the diversification methodology and based on the strategic guidance towards Industry 4.0, we propose a process model as a guiding framework for Industry 4.0 collaborative diversification vision, strategy and action...