EXISTENTIAL VECTOR OF THE ORGANIZATIONS' DEVELOPMENT IN THE CONTEXT OF TRANSITION TO INDUSTRY 5.0

Abstract

The article focuses on the study of the development of enterprises in the process of transition from Industry 4.0 to Industry 5.0. The paper examines the impact of the existential approach on the evolution of organizations during this transition and identifies strategies and practices that promote a deeper understanding and effective implementation of human capital in the context of digital transformation. The study considers and analyzes the theoretical body of scientific literature, as well as the content of theories and studies related to the existential focus in managing the development of organizations in the transition from Industry 4.0 to Industry 5.0, including works of philosophical, sociological, economic and managerial nature that explore the relationship between the human factor and technological progress. The research highlights the key aspects of digital transformation of organizations in the process of transition from Industry 4.0 to Industry 5.0, based on the principles of the existential approach. The article analyzes the characteristics of the evolution of digital transformation of organizations in the transition to Industry 5.0 and the challenges they face. The authors investigate the essence of the concept of "existential challenge" and its impact on modern organizations. Based on the basic principles of the existential approach to the development of organizations, the paper outlines their digital transformation, the actual features of Industry 5.0 and its implementation, emphasizing the intellectual role of the core higher education institution as a system integrator in the formation of digital chains of specialized institutions in the regional industrial cluster of Industry 5.0. We study practical examples of the effective implementation of the concept of existential focus in breakthrough technologies in a number of countries, as well as in the development strategies of companies, and offer practical recommendations for organizations to implement an existential approach in the context of Industry 5.0. This research provides a multidimensional comparative analysis that compares general trends with unique global and domestic practices that may be useful for organizations in the context of Industry 5.0.

Keywords

• existential approach
• industry 4.0/5.0
• digital technologies
• digital transformation
• breakthrough technological changes
• regional cluster
• industrial revolution