Existential focus in the development of organizations in the transition to Industry 5.0

The purpose of the study is to show the impact of the existential approach on the development of organizations in the transition to Industry 5.0 and to identify strategies and practices that contribute to a better understanding and realization of human capital in the context of digital transformation. Research methodology: review and analysis of the theoretical body of scientific literature and content of theories and research related to existential focus in managing the development of organizations during the transition from Industry 4.0 to Industry 5.0, including works of philosophical, sociological, economic and managerial nature, discussing the relationship between the human factor and technological progress. The results of the study are as follows. The article examines the key aspects of digital transformation of organizations during the transition from Industry 4.0 to Industry 5.0 based on the principles of existential approach. The features of the evolution of digital transformation of organizations during the transition from Industry 4.0 to Industry 5.0 and the challenges they face are analyzed. The essence of the concept of “existential challenge” and its significance for modern organizations are considered. From the perspective of the basic principles of existential approach to the development of organizations, the actual characteristics of Industry 5.0, their digital transformation and its implementation are determined, highlighting the intellectual role of the reference university as a system integrator in the formation of digitalization of chains of specialized institutions in the regional industrial cluster of Industry 5.0. Practical examples of successful implementation of the concept of existential focus in breakthrough technologies of some countries and development strategies of some companies are studied and practical recommendations for organizations of the existential development process in Industry 5.0 are presented. A comprehensive study of the existential approach in relation to modern technological changes has made it possible to develop recommended measures of practical actions for organizations seeking to achieve sustainable viable development of the processes of the Industry 5.0 concept. Originality and contribution of the authors is a multidimensional comparative analysis, the essence of which is the comparison of general trends and unique global and Russian practices that can be useful to organizations in Industry 5.0. Based on the data obtained, practical recommendations were developed for organizations seeking to integrate an existential approach into their activities in the context of Industry 5.0.