Management's Initial Thought in the Industrial Era 4.0 and Millennialization, Is It Still Relevant?

Rosa Rilantiana1, Anis Eliyana*2, Djoko Suprayetno3, Kresno Eka Mukti4
1Universitas Internasional Semen Indonesia
rosa.rilantiana@uisi.ac.id
2Universitas Airlangga
anis.eliyana@feb.unair.ac.id
3Universitas Mataram
Universitas Airlangga
djoko.suprayetno@unram.ac.id
Djoko.suprayetno-2020@feb.unair.ac.id
4Universitas Airlangga
kresno.eka.mukti-2020@feb.unair.ac.id

ABSTRACT

This critical study is a reflection of various thoughts related to management concepts and techniques from the industrial revolution era to the Industrial 4.0 and millennial era with an emphasis on Human Resource Management. The ongoing Industry 4.0 era and the growth of the current millennial generation have many benefits, but also problems in organizations, so the question arises whether existing management thinking, and theories are still relevant to solving these various problems. The research method used is a review of the literature related to the evolution of management thinking. This study provides an overview of the evolution of management thinking which is grouped into four theoretical areas, namely scientific & administrative management theory, behavioral management theory, quantitative management theory, and modern management theory, which is continued by providing an overview of the current industrial era 4.0 and millennials. The results of this literature review show that there is a gap in management theory related to the current industrial era 4.0 and millennials, which can then become the basis for further research.

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