IDEAS home Printed from https://ideas.repec.org/p/hal/journl/hal-03583982.html
   My bibliography  Save this paper

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

Author

Listed:
  • Mindaugas Laužikas

    (GILE Experts Limited, Vilnius University [Vilnius])

  • Aistė Miliūtė

    (Vilnius University [Vilnius])

  • Viltė Morozovaitė

    (Vilnius University [Vilnius])

  • Danielius Karpičius

    (Vilnius University [Vilnius])

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 & Aistė Miliūtė & Viltė Morozovaitė & Danielius Karpičius, 2021. "Effestiveness and efficiency criteria for strategic application of mechatronics in business processes," Post-Print hal-03583982, HAL.
    • Handle: RePEc:hal:journl:hal-03583982
    DOI: 10.9770/ird.2021.3.3(5)
    Note: View the original document on HAL open archive server: https://hal.science/hal-03583982v1
    as

    Download full text from publisher

    File URL: https://hal.science/hal-03583982v1/document
    Download Restriction: no
    File URL: https://libkey.io/10.9770/ird.2021.3.3(5)?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. N/A, 1980. "Research in Progress," ILR Review, Cornell University, ILR School, vol. 33(4), pages 583-595, July.
    2. N/A, 1980. "Research in Progress," ILR Review, Cornell University, ILR School, vol. 33(2), pages 284-289, January.
    3. N/A, 1980. "Research in Progress," ILR Review, Cornell University, ILR School, vol. 33(3), pages 428-442, April.
    4. Nambisan, Satish & Wright, Mike & Feldman, Maryann, 2019. "The digital transformation of innovation and entrepreneurship: Progress, challenges and key themes," Research Policy, Elsevier, vol. 48(8), pages 1-1.
    5. Kashan Pirzada & Monir Ahmed, 2013. "Effect of New Technology on Firms Business Objectives: A Case Study of Pak-Suzuki Company," International Journal of Business Administration, International Journal of Business Administration, Sciedu Press, vol. 4(3), pages 95-101, May.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. 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.
    2. Francesca Modena & Concetta Rondinelli & Fabio Sabatini, 2014. "Economic Insecurity and Fertility Intentions: The Case of Italy," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 60(S1), pages 233-255, May.
    3. Peter McCawley, 1980. "Indonesia's New Balance of Payments Problem: a Surplus to Get Rid of," Economics and Finance in Indonesia, Faculty of Economics and Business, University of Indonesia, vol. 28, pages 39-58, Maret.
    4. N Wrigley & R Dunn, 1984. "Stochastic Panel-Data Models of Urban Shopping Behaviour: 3. The Interaction of Store Choice and Brand Choice," Environment and Planning A, , vol. 16(9), pages 1221-1236, September.
    5. P T L Popkowski Leszczyc & H J P Timmermans, 1996. "An Unconditional Competing Risk Hazard Model of Consumer Store-Choice Dynamics," Environment and Planning A, , vol. 28(2), pages 357-368, February.
    6. Gordon Wilmsmeier & Inmaculada Martínez-Zarzoso & Norbert Fiess, 2010. "Regional Hub Port Development - The Case of Montevideo, Uruguay," Ibero America Institute for Econ. Research (IAI) Discussion Papers 203, Ibero-America Institute for Economic Research.
    7. Torre, Margarita, 2022. "Attrition from male dominated occupations: Variation among occupations and women," OSF Preprints uvh2a, Center for Open Science.
    8. N Wrigley & R Dunn, 1984. "Stochastic Panel-Data Models of Urban Shopping Behaviour: 1. Purchasing at Individual Stores in a Single City," Environment and Planning A, , vol. 16(5), pages 629-650, May.
    9. Boza István & Ilyés Virág, 2020. "Decomposition of co-worker wage gains," IZA Journal of Labor Economics, Sciendo & Forschungsinstitut zur Zukunft der Arbeit GmbH (IZA), vol. 9(1), pages 1-31, March.
    10. Manuela PRECUP, 2014. "Standardization Need Of The Adapted Dash In Romania," SEA - Practical Application of Science, Romanian Foundation for Business Intelligence, Editorial Department, issue 5, pages 539-544, November.
    11. N Wrigley & R Dunn, 1984. "Stochastic Panel-Data Models of Urban Shopping Behaviour: 2. Multistore Purchasing Patterns and the Dirichlet Model," Environment and Planning A, , vol. 16(6), pages 759-778, June.
    12. Weking, Jörg & Desouza, Kevin C. & Fielt, Erwin & Kowalkiewicz, Marek, 2023. "Metaverse-enabled entrepreneurship," Journal of Business Venturing Insights, Elsevier, vol. 19(C).
    13. Magnus Schückes & Tobias Gutmann, 2021. "Why do startups pursue initial coin offerings (ICOs)? The role of economic drivers and social identity on funding choice," Small Business Economics, Springer, vol. 57(2), pages 1027-1052, August.
    14. Muhammad Farooq Islam & Ozge Can, 2024. "Integrating digital and sustainable entrepreneurship through business models: a bibliometric analysis," Journal of Global Entrepreneurship Research, Springer;UNESCO Chair in Entrepreneurship, vol. 14(1), pages 1-18, December.
    15. Jin, Laiqun & Dai, Jiaying & Jiang, Weijie & Cao, Kairui, 2023. "Digital finance and misallocation of resources among firms: Evidence from China," The North American Journal of Economics and Finance, Elsevier, vol. 66(C).
    16. Jinqiu He & Huiwen Su, 2022. "Digital Transformation and Green Innovation of Chinese Firms: The Moderating Role of Regulatory Pressure and International Opportunities," IJERPH, MDPI, vol. 19(20), pages 1-21, October.
    17. Jean-Michel Sahut & Luca Iandoli & Frédéric Teulon, 2021. "The age of digital entrepreneurship," Small Business Economics, Springer, vol. 56(3), pages 1159-1169, February.
    18. Allen, Darcy W.E. & Berg, Chris & Markey-Towler, Brendan & Novak, Mikayla & Potts, Jason, 2020. "Blockchain and the evolution of institutional technologies: Implications for innovation policy," Research Policy, Elsevier, vol. 49(1).
    19. Cong Cheng & Hongfang Cui, 2024. "Combining digital and legacy technologies: firm digital transformation strategies—evidence from Chinese manufacturing companies," Palgrave Communications, Palgrave Macmillan, vol. 11(1), pages 1-14, December.
    20. Yuzhuo Cai & Borja Ramis Ferrer & Jose Luis Martinez Lastra, 2019. "Building University-Industry Co-Innovation Networks in Transnational Innovation Ecosystems: Towards a Transdisciplinary Approach of Integrating Social Sciences and Artificial Intelligence," Sustainability, MDPI, vol. 11(17), pages 1-23, August.

    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.

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:hal:journl:hal-03583982. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: CCSD (email available below). General contact details of provider: https://hal.archives-ouvertes.fr/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.