Innovating Through Integration: How Industry 4.0 Technologies Reshape Management Accounting Practices in Botswana
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This study explores the transformational potential of Industry 4.0 technologies in driving management accounting innovation in Botswana. Key enablers, such as technological readiness, competitive pressure, and strategic leadership, significantly influence adoption. Technologies like process automation, artificial intelligence, and the Internet of Things enhance decision-making, cost efficiency, and innovation, while blockchain and big data have limited impact due to resource constraints and early adoption challenges. The findings highlight the importance of robust infrastructure, leadership support, and skill development in integrating these technologies. To fully leverage Industry 4.0, fostering a creative culture and strategically allocating resources are essential. Future research should address adoption barriers, economic impacts, and cross-sector comparisons. This study offers a strategic framework for harnessing technology to enhance organizational performance and competitiveness in Botswana.
Copyright (c) 2025 Kudzai Chuma, Mpundu Mubanga (Author)
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