Path Analysis of People's Thinking and Its Influence on Industrial Revolution 4.0 Adoption: case of Vietnam

Abstract

This study delves into the intricate relationship between social factors and the successful implementation of the Industrial Revolution 4.0 in the context of Vietnam's developing economy. By focusing on the influences of people's thinking, behaviors, social lives, and societal norms, the research sheds light on key determinants that shape the efficiency of adopting Industry 4.0. The findings reveal a positive correlation between people's thinking towards manufacturing, industrial activities, and the quality of work with the effective implementation of the Fourth Industrial Revolution. Moreover, the study uncovers how people's behavior, both within organizations and in broader societal contexts, plays a pivotal role in driving the adoption of Industry 4.0, especially in response to technological shifts and market dynamics. Additionally, the research highlights the significance of people's social lives in facilitating the adoption of Industry 4.0, emphasizing the impact of interactions, communication, and education levels on the application of advanced technologies in various economic sectors. The study underscores the mediating role of social norms in bridging the gap between people's thinking, behaviors, and the successful implementation of the Industrial Revolution 4.0. By exploring how social norms are influenced by individuals' thinking and behaviors, the research elucidates the crucial link between societal norms and the effectiveness of Industry 4.0 adoption. The study not only contributes theoretically to the understanding of Industry 4.0 but also offers practical insights for policymakers, economists, and industrialists in Vietnam. By addressing the limitations of previous research and emphasizing the need for a comprehensive analysis of social and economic factors, this study aims to guide future studies and initiatives aimed at fostering a conducive environment for the successful integration of Industry 4.0 practices in Vietnam's manufacturing sector.