scholarly journals Method and information technology to research the component architecture of products to justify investments of high-tech enterprise

2021 ◽  
pp. 150-157
Author(s):  
Oleg Fedorovich ◽  
Oleg Uruskiy ◽  
Yurii Pronchakov ◽  
Mikhail Lukhanin
Keyword(s):  
Information Technology ◽  
Target Function ◽  
New Product ◽  
High Tech ◽  
Order Fulfillment ◽  
Technical Requirements ◽  
Component Architecture ◽  
Innovative Products ◽  
The Impact ◽  
Diversified Portfolio

The development of enterprises in strategic industries depends on funding made innovative products that are in demand in the markets for high-tech products. The interest of investors depends on the innovation and competitiveness of the products that the enterprise can produce. The enterprise should make a new, diversified portfolio of orders to attract funding from potential investors. The innovativeness of the product is determined by the novelty of the components in its composition. Therefore, the pressing challenge is to study the innovation of high-tech products based on their component architecture. It makes it possible for investors to assess the possibility of enterprise financing while making a promising diversified portfolio of orders. The study develops a method to justify investments into the new orders that are based on the research of the component architecture of the complex product. The tasks analyzed the product component architecture innovation and investment attractiveness, justify and select the diversified portfolio of orders, simulate and assess orders portfolio feasibility are stated and solved. The paper proposes the component method that makes it possible to evaluate the architecture of the new product in terms of innovation and investment attractiveness. The research of innovation is conducted depending on the composition of the components in the architecture of the whole product. These components can be either new that require a new cycle of creation, or “old” ones, taken from previous experience with the possible adaptation to the technical requirements of the new product. By using the proposed multifactor planning of the experiment, the possible options are considered and the main indicators of the new product are assessed: investment attractiveness, costs, timelines, and risks of order fulfillment. Using lexicographic ordering of alternatives the compromised selection of the optimal option in terms of limited capabilities of the enterprise is conducted. To optimize the diversified portfolio of orders the method of integer (Boolean) programming is used. Investment attractiveness is used as a target function. The restrictions consider allowable costs, timelines, and risks of the orders portfolio fulfillment. In the last part of the paper, the method of simulation agent modeling in a form of applied information technology is used to assess the timeline for order fulfillment and the impact of risks on the feasibility of the diversified portfolio of orders. The novelty of the results is related to the justification of the choice of a diversified portfolio of orders, which in contrast to the already existing approaches, is based on the advanced component architecture of complex products and the simulation of orders portfolio selection considering innovation and investor interests. The proposed method and information technology are planned for the future development of an enterprise that makes it possible to assess the competitiveness of products, as well as the possibility to attract funding.

Does supplier involvement enhance financial performance? The encapsulation effects of product modularity and smartness

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Yu Wang ◽  
Tao Jia ◽  
Jinliang Chen ◽  
Qiujun Chen
Keyword(s):  
Problem Solving ◽  
Product Development ◽  
Financial Performance ◽  
New Product Development ◽  
New Product ◽  
High Tech ◽  
Content Type ◽  
Product Modularity ◽  
Supplier Involvement ◽  
The Impact

Purpose This study aims to explore the conditional relationships between supplier involvement and financial performance. From a problem-solving perspective, this study takes the focal firm as a problem-solving system. It is postulated that supplier involvement enhances financial performance by helping solve complex problems of new product development. Furthermore, product modularity and smartness are considered contingent factors to clarify the boundary conditions. Design/methodology/approach The ordinary least squares regression was conducted to test the hypotheses based on survey data from 136 high-tech firms in China. Findings Supplier involvement is positively related to financial performance. Product modularity weakens the impact of supplier involvement on financial performance. Furthermore, product smartness strengthens the negative influence of product modularity on the relationship between supplier involvement and financial performance. Originality/value This study combines supplier involvement with product attributes. It takes a problem-solving perspective to rethink suppliers’ roles in new product development as problem-solvers rather than resource holders. Furthermore, this study advances the encapsulation effects of product modularity and smartness to influence the supplier involvement–financial performance link.

scholarly journals FOREIGN EXPERIENCE IN USING OUTSOURCING

2021 ◽  
Author(s):  
Stanislav Nazarenko
Keyword(s):  
Information Technology ◽  
Multinational Corporations ◽  
The Philippines ◽  
Global Market ◽  
Production Costs ◽  
It Outsourcing ◽  
High Tech ◽  
Foreign Experience ◽  
Tax Regimes ◽  
The Impact

The article examines the foreign experience of the outsourcing process. The analysis of outsourcing development in such countries as: USA, Germany, India, Japan, etc. is carried out. Outsourcing has become widespread due to the development of information systems and technologies. The role of multinational corporations in the development of outsourcing, primarily information technology, is determined and it is noted that American companies use outsourcing as a component of management strategy. Corporations such as Ford, British Petroleum, Procter & Gamble, Dell, Exel and others, due to the use of outsourcing have achieved high economic results: increased profits by almost half by reducing organizational and production costs, improving the overall efficiency of their companies, reengineering. Experts note that today the leader in international outsourcing is India, which accounts for 42.5% of IT outsourcing worldwide. The foundations of India's successful development in the field of information technology outsourcing are the support of the state, whose government since 1970-1980 identified IT as a priority for economic development and created export-production zones with preferential tax regimes. A significant share of the outsourcing market belongs to China, as well as Singapore, the Philippines and Malaysia. These countries have a developed infrastructure and a high-tech culture that ensures high quality order fulfillment. Vietnam and Indonesia also have a significant impact on the global outsourcing market, primarily due to more attractive pricing policies. The impact of outsourcing on the economies of countries is noted. The ranking of countries by the degree of development and implementation of outsourcing is studied. According to the ranking, the top 10 countries in the outsourcing market include India, China, Malaysia, Indonesia, Brazil, Vietnam, the Philippines, Thailand, Chile and Colombia. It is worth noting that the leaders of the ranking are the countries of South and Southeast Asia, as well as Latin America. The factors of outsourcing development in the global economy are determined and the influence of human resources on the development of outsourcing in different countries is analyzed. The ways of state support for the development of outsourcing in the countries of the world are determined. In Germany, the High Technology Development Strategy was adopted last year, the main priorities of which are: innovative solutions in the field of digital technologies. The Brazilian government has adopted a new National Strategy for the Development of Science, Technology and Innovation, which aims to reduce the technological gap between Brazil and developed countries. The article also notes that the Ukrainian IT outsourcing industry is actively gaining ground in the global market. The rapid growth of IT outsourcing is due to the prospects, prestige and dynamism of the IT sector in Ukraine.

scholarly journals Adaptation of high-tech knowledge-intensive enterprises to the challenges of industry 4.0

2020 ◽  
Vol 210 ◽  
pp. 13026
Author(s):  
Stanislav Poloskov ◽  
Alexander Zheltenkov ◽  
Irina Braga ◽  
Irina Kuznetsova
Keyword(s):  
Information Exchange ◽  
Industry 4.0 ◽  
Digital Economy ◽  
High Tech ◽  
Measurement Tool ◽  
Industrial Enterprises ◽  
Innovative Products ◽  
Innovative Potential ◽  
Knowledge Intensive ◽  
The Impact

In order to succeed in a competitive environment, enterprises and organizations must quickly respond to external influences, such as digitalization, expansion of information exchange, and challenges caused by Industry 4.0. High-tech knowledge-intensive enterprises that develop and commercialize their original innovative products and technologies as well as provide intellectual services in the field of high technologies are the first to respond to such challenges. A number of works on how the digitalization in economy impacts organizational and managerial activities of enterprises, their R&D, and creation, production and commercialization of innovative products are analyzed. As the results of the study, a number of properties and patterns that determine the successful adaptation of innovative enterprises to the challenges of Industry 4.0 wereidentified. Among them there are material resources, including technology and equipment, scientific and technological achievements, financial, personnel and information support and adaptive organizational and economic capabilities. It is shown that in order to adapt to the challenges of Industry 4.0, enterprises must match capabilities of the digital economy with their material, intellectual and production resources using innovative potential as a measurement tool. It is determined that the procedures for assessing the innovative potential of enterprises can become an effective tool for assessing both quantitative/qualitative indicators of enterprises and degree of their adaptation to the challenges of Industry 4.0. The proposed methodology for a comprehensive assessment of industrial enterprises’ innovative potential as the degree of their adaptation to the challenges of Industry 4.0 was implemented at the high-tech knowledge-intensive enterprises “Shtorm” and “Tekhnotron”. Both of them are well known for their innovative developments in the field of welding production. It was demonstrated that the proposed methodology allows not just assessing the degree of adaptation to the digital economy and the challenges of Industry 4.0, but also assessing the impact of planned activities on innovations and determine methods and means of responding to the changes in external and internal environment of enterprises.

INTERNET-BASED TECHNOLOGY USE AND NEW PRODUCT TIME-TO-MARKET: THE MODERATING EFFECT OF PRODUCT INNOVATIVENESS

2010 ◽  
Vol 14 (05) ◽  
pp. 915-946 ◽  
Author(s):  
DANUTA DE GROSBOIS ◽  
UMA KUMAR ◽  
VINOD KUMAR
Keyword(s):  
Technology Use ◽  
Team Learning ◽  
New Product ◽  
Manufacturing Companies ◽  
Communication Quality ◽  
Time To Market ◽  
Product Innovativeness ◽  
Innovative Products ◽  
The Impact ◽  
Team Integration

The aim of this study is to investigate the impact of Internet-based technology (IBT) use during a new product development (NPD) project on new product time-to-market. It is hypothesized that (1) IBT use has a positive impact on new product time-to-market (2) this impact is both direct and indirect (3) the indirect impact of IBT use on product time-to-market is achieved through improvement of communication quality, effectiveness of team learning and level of team integration (4) the strength of these relationships is moderated by the product innovativeness. In order to test the hypotheses, data from 278 NPD projects conducted by Canadian and American manufacturing companies were collected and analyzed. IBT use was found to be a significant contributor to communication quality, effectiveness of team learning, level of team integration and new product time-to-market. Additionally, the results indicate that the relationships are stronger for projects developing highly innovative products as opposed to less innovative products.

scholarly journals Digitalization and its influence on service innovation

2019 ◽  
pp. 27-32
Author(s):  
A. Shaposhnyk
Keyword(s):  
Life Cycle ◽  
Industrial Revolution ◽  
High Tech ◽  
Deep Penetration ◽  
Usual Sense ◽  
Main Body ◽  
Online Mode ◽  
Innovative Products ◽  
The Impact ◽  
Innovation Processes

Problem setting. In today’s context, there is a digitalization of society, that is, the transition from offline to the online mode of existence of all spheres of humanity. The development of information technology and the deep penetration of the Internet into all areas of activity are deforming the markets for goods and services in their usual sense, affecting both consumers and business. The increase in the share of services is related to the increase in devices and applications with artificial intelligence that synthesize large amounts of data. Target of research. Research of innovative services in the prism of digitization and digitization of information, review of types of innovations and identification of varieties of innovative services by criteria. Life-cycle analysis of innovation in general and innovative services in particular. Analysis of recent researches and publications. Features of innovative development of the country, objects of innovative sphere were investigated by such legal scientists and economists as Atamanova Y., Zablotskaya R., Zadykhaylo D., Milash V., Shevchuk S. Article’s main body. In today’s economic environment, services related to the use of innovative processes are gaining ground. The impact of the innovation processes that occur when changing the technology from the fifth to the sixth on the services sector is to some extent greater than the impact on the material production. The Fourth Industrial Revolution is stepping up the provision of innovative services through the introduction of new innovation processes and the production of new high-tech goods. Economists distinguish four types of innovation: product, process, marketing and organizational. Innovative services can be provided in the application of product, process, marketing and organizational innovations and can be of two or more types. Conclusion and prospects for the development. The concept of economic and legal category “innovative service” is legally defined only as a kind of innovative products and has no fixed definition in any legal act. Therefore, in the light of the above, we propose to introduce changes in the current legislation and under innovative services as a kind of innovative products to understand the new competitive services that are provided in the application of innovation by the subjects of innovation and correspond to the life cycle of innovation.

Trust, integrated information technology and new product success

2017 ◽  
Vol 20 (3) ◽  
pp. 406-427 ◽  
Author(s):  
John E. Ettlie ◽  
Christopher Tucci ◽  
Peter T. Gianiodis
Keyword(s):  
Information Technology ◽  
New Product Development ◽  
New Product ◽  
Manufacturing Firms ◽  
High Tech ◽  
Barriers To Success ◽  
New Product Success ◽  
Content Type ◽  
Product Success ◽  
Strategic Direction

Purpose The purpose of this paper is to investigate the combined roles via trust relationships of the two technology cores of the firm: information technology (IT) and R&D and their impact on new product success. Design/methodology/approach A model was tested whereby trust and the integrated IT strategy account for a significant amount of the variance in a broad range of new product development (NPD) outcomes for a survey sample of 223 manufacturing firms. Respondents said design practices and quality methods like Six Sigma accounted for a total of over 25 percent of the reports of the most helpful approaches in promoting effective NPD. At the same time their biggest challenges were having a clear strategic direction within which to operate and resolving cost and resource issues which accounted for over a third (34 percent) of barriers to success. Findings Respondents reported that a total of over 25 percent of the reports of the most helpful approaches in promoting effective included these quality methods. At the same time their biggest challenges were having a clear strategic direction within which to operate and resolving cost and resource issues which accounted for over a third (34 percent) of barriers to success. High-tech firms were less likely to report integrated IT strategies, but this tended to be counterbalanced by high levels of trust in the IT function and adoption of organizational innovations for execution of strategic intent. Implications for future research and practice are discussed. Research limitations/implications Survey methods produce broad results with low response rates in most studies involving R&D and NPD, and this study is no exception. Practical implications With the challenge of strategy alignment reported by many of these firms, it seems clear that the top management team cannot afford to leave NPD challenges to engineering teams and NPD programs without guidance and general vision. Social implications NPD has become the staple of most manufacturing firms as a way of meeting and beating the competition worldwide. However, trust between functional areas often starts before people are even employed and should begin in training and educational programs. Originality/value Designing NPD programs is at the heart of many firms’ competitive strategies and the fast learning companies are the winners. Very little is known about the trust relationship between IT and R&D and their combined effects on new product success which we have found to be significant and unexpected in their impacts.

scholarly journals Digitalization of economy and strengthening innovative activity in n the conditions of the covid-19 pandemic

2020 ◽  
Vol 1 (1/s) ◽  
pp. 144-148
Author(s):  
Gulnora Karabaeva
Keyword(s):  
Developed Countries ◽  
Industrial Sector ◽  
Development Stage ◽  
Innovative Activity ◽  
High Tech ◽  
Innovative Development ◽  
Innovative Model ◽  
Innovative Products ◽  
The Impact ◽  
Production Resources

The article discusses the main aspects of innovative development in the context of the growing coronavirus pandemic. The author analyzed the indicators of the industrial sector of the economy, found out the insufficient use of production resources and industrial potential. Among the factors considered, the number of employed in industry is highlighted, and the forecast values ​​up to 2023 are calculated. It has been established that the country's industry is developing mainly in an extensive way, while in industrially developed countries, economic growth is ensured by the introduction of innovative technologies. It has been determined that in order to improve the innovative activity of high-tech enterprises, it is necessary to use a wide arsenal of various management methods, to form a model for the commercialization of innovations from the development stage to bringing innovative products to the market. The impact of digitalization on the transformation of basic industries, ensuring the competitiveness of the national economy and an accelerated transition to an innovative model is assessed.

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