Innovation of the production process of engineering companies in relation to business portfolio

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dc.contributor.authorTalíř, Milancs
dc.contributor.authorStraková, Jarmilacs
dc.coverage.issue4cs
dc.coverage.volume10cs
dc.date.accessioned2024-02-14T12:45:33Z
dc.date.available2024-02-14T12:45:33Z
dc.date.issued2023-06-30cs
dc.description.abstractThe paper is aimed at the innovation process in the context of the business portfolio of micro-enterprises. This type of companies is typical of and prevalent in the southern region of the Czech Republic, and the presented conclusions have general validity. A newly developed method of assessing the innovative technological potential of enterprises called "Business technology assessment system" (BTAS), with the contribution of "Criteria analysis of systems". The research answers the question, what economic efficiency can innovations in the production process bring to SMEs dealing with custom manufacturing in the engineering sector. Technological backwardness including corporate infrastructure was proven. Companies compensate for this shortcoming by an increased focus on satisfying customer needs and a high degree of flexibility and innovation in production. From the point of view of production processes, there is a high degree of interconnectedness between individual operations and sub-processes. The business portfolio of most of these companies is disproportionately broad, and this is reflected in the negative findings in terms of the disproportionate number of methods and technologies that these companies possess, but do not fully utilize. Such behaviour of the companies can be explained by the absence of active creation and updating of business strategy. The economic evaluation of the innovative process (BTAS) proved that the very implementation of innovations did not lead to a major increase in the profit margin. The situation was different when evaluating the benefits of the digitization process, which brought an increase in sales and corporate margins. A completely new finding has been demonstrated, i.e., if a company has unused equipment which brings opportunity costs as well, it is possible to create space for innovation by removing it, and at the same time the sale of equipment can be a significant financial contributor to innovation.en
dc.formattextcs
dc.format.extent118-134cs
dc.format.mimetypeapplication/pdfcs
dc.identifier.citationENTREPRENEURSHIP AND SUSTAINABILITY ISSUES. 2023, vol. 10, issue 4, p. 118-134.en
dc.identifier.doi10.9770/jesi.2023.10.4(8)cs
dc.identifier.issn2345-0282cs
dc.identifier.orcid0000-0002-6510-1297cs
dc.identifier.other184259cs
dc.identifier.researcheridDWT-8271-2022cs
dc.identifier.scopus57224952853cs
dc.identifier.urihttps://hdl.handle.net/11012/244952
dc.language.isoencs
dc.publisherEntrepreneurship and Sustainability Centercs
dc.relation.ispartofENTREPRENEURSHIP AND SUSTAINABILITY ISSUEScs
dc.relation.urihttps://jssidoi.org/jesi/article/1083cs
dc.rightsCreative Commons Attribution 4.0 Internationalcs
dc.rights.accessopenAccesscs
dc.rights.sherpahttp://www.sherpa.ac.uk/romeo/issn/2345-0282/cs
dc.rights.urihttp://creativecommons.org/licenses/by/4.0/cs
dc.subjectstrategic managementen
dc.subjectinnovationen
dc.subjectindustryen
dc.subjectproduction processen
dc.subjectBTASen
dc.titleInnovation of the production process of engineering companies in relation to business portfolioen
dc.type.driverarticleen
dc.type.statusPeer-revieweden
dc.type.versionpublishedVersionen
sync.item.dbidVAV-184259en
sync.item.dbtypeVAVen
sync.item.insts2024.02.14 13:45:33en
sync.item.modts2024.02.14 13:13:51en
thesis.grantorVysoké učení technické v Brně. . Vysoká škola technická a ekonomická v Českých Budějovicíchcs
thesis.grantorVysoké učení technické v Brně. Fakulta podnikatelská. Fakulta podnikatelskács
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