Triple bottom line sustainability and Innovation 5.0 management through the lens of Industry 5.0, Society 5.0 and Digitized Value Chain 5.0
Ali Mohamad Mouazen, Ana Beatriz Hernández‐Lara, Jawad Chahine, Ali Halawi
Abstract
Purpose The purpose of this study is to explore the potential impact of Industry 5.0 on businesses and management by integrating advanced technologies to develop smart cities (Society 5.0) and digital value chains, leading to Innovation 5.0 and triple bottom line sustainability. We propose an Organization Value Chain 5.0 model to describe the ecosystem interactions that leverage organizational innovative behavior through knowledge management. Design/methodology/approach Using a systematic literature review methodology, we conducted a comprehensive analysis of 968 Industry 5.0 articles, 297 Innovation 5.0 articles and 510 Society 5.0 articles from the WOS and Scopus databases. This analysis supports the development of our conceptual model. Findings This allowed us to propose the conceptual model for the new notion of Organization Value Chain 5.0 and its ecosystem components. Originality/value This study provides a detailed analysis of Industry 5.0, its technological elements and its relevance to creating Society 5.0, smart cities and digitalized value chains. It highlights the importance of stakeholder engagement and integration for effective digital industrial transformation.