Impact of Technology Investment on Firm’s Production Efficiency Factor in Manufacturing

Abstract

The goal of this paper is to investigate the impact of technology investments on production efficiency in manufacturing companies and how different these relationships are for low-technology and high-technology companies. The empirical part was based on the analysis of 2,848 large, small and medium-sized Czech companies by using Bayesian networks (BNs). The results show that technological investments have the greatest positive impact on the growth of labour productivity and on a decline in labour intensity in low technology enterprises. The technological investments have a positive impact on labour productivity growth in high-technology enterprises, but at the same time, the technological investments have an impact on the increase of labour intensity. On the contrary, the influence of investment growth was insignificant on the indicators of material and services intensity. Technologically intensive investments have a different impact on small, mediumsized and on large enterprises. The reaction of large companies depends on the category of technology intensity in contrast to small and medium-size enterprises.

Developing Theoretical and Methodological Provisions for Improving the Mechanism of Labour Efficiency

“…However, it should be noted that without appropriate investment in the competitive potential of the enterprise, the implementation of the above-mentioned tasks will be difficult. The elements of the competitive potential of enterprises aimed at improving labour efficiency and ensuring their sustainable innovative development are organisational and managerial (implementation of operational management systems, implementation of ERP systems, implementation and certification of quality management systems, development of external innovative communications), human resource (professional and innovative training programmes, implementation of rationalisation proposals, material and moral incentives for employees) and technical and technological (introduction of advanced processing technologies; introduction of flexible systems for regulating the utilisation of production facilities; modernisation of technological equipment; research and development of new products) capabilities in terms of investments (Novotná et al 2021).…”

Optimizing the Use of Rice Mills Unit and Bed Drayer Technology Implementing Hygiene and Sanitation Standards to Improve Employee Performance Agricultural Industry

“…Technological developments in the business world and the market must be able to balance with consumer demands. The human resource perspective sees technology as a major investment that must be paid for with performance and productivity (Choi & Choe, 2016); (Novotná, Volek, Rost, & Vrchota, 2021). The rice milling industry provides quality rice that meets hygienic sanitation standards with the use of highspeed technology.…”

Exploring the influencing factor of urban industry development: An order parameter method

“…The faster the development of intelligent technology, the better the development of manufacturing industry. Novotná et al (2020) found that technology investment has an impact on the production efficiency of industry enterprises, both lowtech enterprises and high-tech enterprises. He et al (2022) found that digital technology can promote the sustainable development of marine equipment manufacturing industry.…”