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Effestiveness and efficiency criteria for strategic application of mechatronics in business processes

Author

Listed:
  • Mindaugas Laužikas

    (GILE Experts Limited, Malta)

  • Mindaugas Laužikas

    (Vilnius University Business School, Lithuania)

  • AistÄ— MiliÅ«tÄ—

    (Vilnius University Business School, Lithuania)

  • ViltÄ— MorozovaitÄ—

    (Vilnius University Business School, Lithuania)

  • Danielius KarpiÄ ius

    (Vilnius University Business School, Lithuania)

Abstract

The present paper is centred on the effects of mechatronics in both high-tech and technologically less intensive firms. The strategy of innovation implementation in the mechatronics industry is tackled from both the high-tech business development perspective and the mechatronics product application perspective in other industries. Although the scientific and statistics literature with regards to the modern technology's effects is well established, the scarcity of scientific research in the field of the application of mechatronics/robotics in business makes this topic of significant scientific value. The purpose of this paper is to examine the effectiveness and efficiency criteria for the strategic application of mechatronics in businesses, related to both the decision-making process at the top-management level as well as choosing, applying, and monitoring the success of mechatronics among institutional clients. Given that mechatronics' application efficiency depends on a business model and the innovation culture, a focus on two categories of companies in terms of technological intensity could help businesses to choose the right high-tech product and the proper corresponding innovation commercialization model. Moreover, the paper could serve mechatronics firms while implementing the product/service or process innovations that are closer to consumer needs or specific industry challenges. Qualitative semi-structured expert interviews with four IT and four textile managers were conducted, and the conceptual model (which derives from the literature review) was tested. The choice of Lithuania as a target market for the analysed companies is related to the transition of this Baltic economy from the efficiency to the innovation-driven category, where the combination of high and low tech may be able to intensify the innovation process as well as to answer the research question of how to unlock the potential of mechatronics in business processes.

Suggested Citation

  • Mindaugas Laužikas & Mindaugas Laužikas & AistÄ— MiliÅ«tÄ— & ViltÄ— MorozovaitÄ— & Danielius KarpiÄ ius, 2021. "Effestiveness and efficiency criteria for strategic application of mechatronics in business processes," Insights into Regional Development, VsI Entrepreneurship and Sustainability Center, vol. 3(3), pages 79-105, September.
    • Handle: RePEc:ssi:jouird:v:3:y:2021:i:3:p:79-105
    DOI: 10.9770/ird.2021.3.3(5)
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    More about this item

    Keywords

    entrepreneurship; mechatronics; business intelligence; efficiency-driven countries; innovation-driven countries; business processes; effects; high-tech; technological intensity;
    All these keywords.

    JEL classification:

    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D

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