BUSINESS ENVIRONMENT FACTORS DETERMINING THE SELECTION OF TIME FOR THE IMPLEMENTATION OF NEW TECHNOLOGIES IN LITHUANIAN INDUSTRIAL ENTERPRISES

Abstract

Purpose – to evaluate business environment factors of the Lithuanian industrial enterprises, conditioning the selection of time to implement new technologies.

Methodology. The general research methods applied in this article are the systemic comparative and structural analysis of the scientific literature, statistical data analysis, and schematic modelling. Empirical research is based on qualitative methodological approach: method of expert evaluation on the basis of a questionnaire survey and rating coefficients of factors’ weight.

Results. Obtained results revealed that in the recent years, the connection of industrial progress, organizational changes and economic competitiveness has increased. Due to this, the development of new technologies and their implementation in the industry has become one of the most significant factors of Lithuanian economic strategy, determining the speed and results of the economic-social development. Therefore, the evaluation of internal resources of the enterprise as well as the capacity, business environment market and finally the selection of time for the implementation of the new technology serve as the basis for achieving the competitive advantage and successful performance of the enterprise. This paper presents the findings of the expert evaluation, which aimed to investigate the most important external business environment factors determining the selection of time for the implementation of new technologies in the Lithuanian industrial enterprises. Considering the results of the expert evaluation, a summarizing conclusion has been made that the most essential factors of external business environment are as follows: the level of market concentration, the change of consumer needs and product price in sales market.

DOI: http://dx.doi.org/10.5755/j01.em.18.4.5347