Received: 2021-01-15  |  Accepted: 2021-07-25  |  Published: 2021-09-30

Title

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


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.


Keywords

entrepreneurship, mechatronics, business intelligence, efficiency-driven countries, innovation-driven countries, business processes, effects, high-tech, technological intensity


JEL classifications

O32


URI

http://jssidoi.org/ird/article/77


DOI


HAL


Pages

79-105


Funding


This is an open access issue and all published articles are licensed under a
Creative Commons Attribution 4.0 International License

Authors

Laužikas, Mindaugas
GILE Experts Limited, Paola, Malta http://www.gileexperts.com
Vilnius University Business School, Vilnius, Lithuania https://www.vm.vu.lt
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Miliūtė, Aistė
Vilnius University Business School, Vilnius, Lithuania https://www.vm.vu.lt
Articles by this author in: CrossRef |  Google Scholar

Morozovaitė, Viltė
Vilnius University Business School, Vilnius, Lithuania https://www.vm.vu.lt
Articles by this author in: CrossRef |  Google Scholar

Karpičius, Danielius
Vilnius University Business School, Vilnius, Lithuania https://www.vm.vu.lt
Articles by this author in: CrossRef |  Google Scholar

Journal title

Insights into Regional Development

Volume

3


Number

3


Issue date

September 2021


Issue DOI


ISSN

ISSN 2345-0282 (online)


Publisher

VšĮ Entrepreneurship and Sustainability Center, Vilnius, Lithuania

Cited

Google Scholar

Article views & downloads

HTML views: 2574  |  PDF downloads: 874

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