Management effectiveness as a driver of sustainable business performance in Bangladesh's selected electronic companies' adoption of revolution 4.0

Mostafa Md Golam Mortuza 1, *, H M Mahfuzur Rahman 2 and Masudur Rahman 3

1 Department of Business Administration, Faculty of Business Management, City University Malaysia.
2 Department of Business Management, Faculty of Management, Multimedia University, Persiaran Multimedia, 63100, Cyberjaya, Selangor, Malaysia.
3 Department of Business Management, Limkokwing Graduate School, Limkokwing University of Creative Technology Cyberjaya, Malaysia. 
 
Research Article
International Journal of Science and Research Archive, 2023, 09(02), 663–674.
Article DOI: 10.30574/ijsra.2023.9.2.0652
Publication history: 
Received on 03 July 2023; revised on 09 August 2023; accepted on 12 August 2023
 
Abstract: 
This study examines how managerial efficiency drives sustainable business success in selected electronic enterprises in Bangladesh's implementation of Industry 4.0, also known as Revolution 4.0. Industry 4.0's rapid evolution requires a thorough grasp of how management practices affect business results in the electronic industry, which is crucial to the country's economic growth and technical improvement. Structured surveys are delivered to electronic company executives, middle management, and workers in the research. Correlation analysis and regression modelling are used to identify empirical correlations between management effectiveness indicators and sustainable business performance measurements. Management effectiveness and sector 4.0 implementation in the Bangladeshi electronic sector are the subject of the research. This study should illuminate management effectiveness factors that affect Industry 4.0 technology and practice integration. The research should also discover managerial practices that boost sustainable business success. These findings can help policymakers, industry practitioners, and researchers improve management and technological adoption to boost Bangladesh's electronic economy in Revolution 4.0.
 
Keywords: 
Management Effectiveness; Sustainable Business Performance; Industry 4.0; Technological Adoption; Electronic Companies; Digital Transformation; Leadership Practices; Innovation Management; Organizational Performance
 
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