Family Business Challenge in Technology and Engineering: Human Capital in Industrial 4.0

DOI

10.2991/aebmr.k.200514.019How to use a DOI?

Keywords

human capital, family business, industrial 4.0, technology and engineering

Abstract

More than 95% of business in Indonesia is a family business that is facing difficulties and challenges to match their human capital with industrial 4.0, related to technology and engineering. This study aimed to describe efforts to develop human capital in a family business and to propose guidelines for the government to accelerate human capital development in a family business to face industry 4.0. We used a systematic literature review to synthesize findings qualitatively. The secondary data were collected for this propose. The study found three efforts were missing from family business strategic planning, namely education, training, and career development. These three efforts were a basic foundation to face the industrial revolution 4.0. The study highlighted career development as the main problem in a family business. Since executive positions were limited to the families. As a result, the turnover of high-performance employees was high. Since the family business could not provide these three efforts to face industrial 4.0 by themselves, therefore the government support is needed to design their human capital development. The proposed guidelines for the government consist of IT-based competency and its implementation for a family business. The guidelines include vocational training design, such as curriculum and infrastructure. The current curriculum was designed to adjust to industry 4.0. Thus, the finding implies the government to redesign vocational training curriculum that consists of subject matter, transfer of knowledge, and capacity development. Finally, the family business has to start developing a human capital strategic planning that linked with the proposed government supports.

Copyright

© 2020, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Raden Isma Anggraini
AU  - Nyayu Lathifah Tirdasari
AU  - Dikky Indrawan
PY  - 2020
DA  - 2020/05/18
TI  - Family Business Challenge in Technology and Engineering: Human Capital in Industrial 4.0
BT  - Proceedings of the First ASEAN Business, Environment, and Technology Symposium (ABEATS 2019)
PB  - Atlantis Press
SP  - 83
EP  - 86
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.200514.019
DO  - 10.2991/aebmr.k.200514.019
ID  - Anggraini2020
ER  -