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​Industrial Revolution 4.0 and the change in corporate governance
Digital transformation 03/07/2026 · 3 min read

​Industrial Revolution 4.0 and the change in corporate governance

If businesses want to keep up with the 4.0 industrial revolution, businesses must change their operating methods by applying business management software. Businesses need to create added value through quality, efficiency, and processes. I. Industrial Revolution...

If businesses want to keep up with the 4.0 industrial revolution, businesses must change their operating methods by applying business management software. Businesses need to create added value through quality, efficiency, and processes.

I. Industrial Revolution 4.0 and corporate governance challenges

Corporate governance in the 4.0 technology era requires management levels to improve management capacity in areas including: strategic management, finance, human resources, production and marketing….

Besides, in the context of the 4.0 industrial revolution exploding strongly, comprehensively and far-reaching, business administrators must innovate their thinking to improve competitiveness.

It is necessary to recognize the reality that if Vietnamese businesses invest in research and product development according to customer needs, following the 4.0 orientation, it is likely that the business position will be affirmed and enhanced.

Each business needs to determine where it is in the 4.0 revolution, thereby determining appropriate resources and strategies. At the same time, there needs to be a change in vision and direction. In particular, product value is determined by users, so it is necessary to bring quality products to the market that suit user tastes.

Especially in the 4.0 era, a business that wants to survive and develop must build an impressive image for itself. To enhance the brand image in the hearts of customers, businesses need to improve product quality, promote customer care/support services, after-sales and return policies…

Business management in the 4.0 era needs to take customers as the highest object/goal. Satisfying the maximum benefits of customers also means that a business is on the right path of development. Besides the challenges, this is also a very good platform to connect individuals/businesses to apply applications to develop their businesses.

On the other hand, businesses can take advantage of this outstanding technology advantage to optimize business on the technology platform they create instead of using outside resources.

II. Apply business management solutions to eliminate challenges

Businesses need to apply corporate governance solutions to solve challenges in the 4.0 industrial revolution. And one of the most effective management solutions is ODOO.

Digital transformation | What is a business management system?

ODOO brings businesses the following benefits:

  • Business administration on one system
  • Control data in real time, anytime on any device
  • Management, statistics and control of business activities
  • Save time and minimize errors in operations
  • Support businesses to effectively manage operating processes

ODOO Provides 02 versions including:

  • Odoo Enterprise (with license)
  • Odoo Community (open source)

Each solution will help businesses operate more efficiently.

Corporate governance in the 4.0 industrial revolution always brings many challenges. But those challenges can be completely resolved if managers apply business management software to business processes to optimize resources and save costs.


About ODOO:

Open Source ERP and CRM | Odoo

Odoo software Written and developed by Fabien Pinckaers and his colleagues. Odoo ERP is also known by another name OpenERP, before that, this software had another name TinyERP. Since OpenERP was upgraded to version 8.0 or higher, it was changed to Odoo and is widely used until now.

ERP Odoo is ready-made software with many useful features for businesses

ERP Odoo is one of the open source business management software, using the Python programming language, running on the server side. Odoo is not simply a webapp because this software does not use any web framework such as Django, Tornado… Odoo is integrated with many cloud computing technologies, suitable for many industries and fields.

Odoo ERP Programmed with more than 1,000 different functions such as: sales, customer care, project management, financial and human resource management, production management… Because of these uses, Odoo ERP software is chosen by many small businesses.

Future Horizon

Author

Future Horizon

Mục tiêu thành lập và xây dựng với sứ mệnh mang lại những công cụ và giải pháp kỹ thuật số (công cụ bán hàng online) tốt nhất cho các cửa hàng, doanh nghiệp nhỏ, hay đơn giản là những người mong muốn đạt được thành tựu trên không gian mạng nhưng cần sự giúp đỡ.

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