Relating Strategy of Organization To Newer Technologies Of Industry 5.0

In this paper we identify technologies that are slated to be used in Industry 5.0 and were not there in Industry 4.0. These are collaborative robots (also called as COBOTS), digital twin technology and use of wireless 6G technology. We relate these new technologies of Industry 5.0 (in particular the use of COBOTS and Digital Twin Technology) to the strategy of the firm. We note in particular that in organizations with cost leadership strategy (with very low level of environmental / internal uncertainty) there may be less pressing need for use of COBOTS than in firms with differentiation / innovation strategy (where there is much higher level of environmental / internal uncertainty). By using a similar reasoning we also note that in organizations with differentiation / innovation strategy, implementation of Digital Twin technology may take more efforts than the efforts required in implementation of Digital Twin technology in organizations with cost leader strategy.