IDEAS home Printed from https://ideas.repec.org/a/ers/journl/vxxivy2021i4bp479-492.html
   My bibliography  Save this article

Technological Innovation and Risk in the Management of Integrated Supply Chains – A Survey Results

Author

Listed:
  • Robert Walasek
  • Nina Stepnicka
  • Adam Lulek

Abstract

Purpose: The purpose of this article was to attempt to characterise the degree of implementation and use of technological innovations in logistics companies and to determine their impact on risk factors, identification methods and tools for its minimisation. Design/Methodology/Approach: The study used the desk research method of statistical data analysis, the comparative analysis method and the method of critical analysis of the subject literature. A survey technique was used to obtain primary data, the research tool of which was a research questionnaire distributed electronically (CASI) in the form of a survey questionnaire. The survey technique was complemented by the telephone interview method (CATI) and the face-to-face interview method (CAPI). Findings: The results of the research carried out show that despite the occurrence of risk, companies decide to implement various types of innovations, especially those from the technological area. This is mainly due to fear for the future of the organisation connected with its development and the technological rush that is currently observed in the economic space. Despite the high risk involved in this type of investment, companies try to minimise the risk of failure, and the greatest concerns in their operation relate not so much to aspects of the internal environment as to the socio-economic situation of the world. Practical Implications: Nowadays, in order for companies to implement innovative solutions in the technological area, they are obliged to provide access to their source and prepare information about existing solutions and possibilities of their use. The results of the survey confirm that for new ideas to bring the desired result, they must be carefully defined, analysed and adapted to the organisation's profile. Such activities are of particular importance when introducing innovations aimed at ensuring an appropriate level of process execution in integrated supply chains. Originality/value: The obtained results lead to questions and discussion as to whether it is currently possible to "be" non-innovative in the technological field, and whether it is possible to avoid the risks associated with the implementation of innovative solutions? As the research results show, it is impossible.

Suggested Citation

  • Robert Walasek & Nina Stepnicka & Adam Lulek, 2021. "Technological Innovation and Risk in the Management of Integrated Supply Chains – A Survey Results," European Research Studies Journal, European Research Studies Journal, vol. 0(4B), pages 479-492.
  • Handle: RePEc:ers:journl:v:xxiv:y:2021:i:4b:p:479-492
    as

    Download full text from publisher

    File URL: https://ersj.eu/journal/2670/download
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Hau L. Lee & Glen Schmidt, 2017. "Using Value Chains to Enhance Innovation," Production and Operations Management, Production and Operations Management Society, vol. 26(4), pages 617-632, April.
    2. Alexandre Dolgui & Dmitry Ivanov & Boris Sokolov, 2018. "Ripple effect in the supply chain: an analysis and recent literature," International Journal of Production Research, Taylor & Francis Journals, vol. 56(1-2), pages 414-430, January.
    3. George Baryannis & Sahar Validi & Samir Dani & Grigoris Antoniou, 2019. "Supply chain risk management and artificial intelligence: state of the art and future research directions," International Journal of Production Research, Taylor & Francis Journals, vol. 57(7), pages 2179-2202, April.
    4. Coad, Alex & Segarra, Agustí & Teruel, Mercedes, 2016. "Innovation and firm growth: Does firm age play a role?," Research Policy, Elsevier, vol. 45(2), pages 387-400.
    5. Yongfeng Zhu & Zilong Wang & Shilei Qiu & Lingling Zhu, 2019. "Effects of Environmental Regulations on Technological Innovation Efficiency in China’s Industrial Enterprises: A Spatial Analysis," Sustainability, MDPI, vol. 11(7), pages 1-19, April.
    6. Pelin Demirel & Mariana Mazzucato, 2012. "Innovation and Firm Growth: Is R&D Worth It?," Industry and Innovation, Taylor & Francis Journals, vol. 19(1), pages 45-62, January.
    7. William Ho & Tian Zheng & Hakan Yildiz & Srinivas Talluri, 2015. "Supply chain risk management: a literature review," International Journal of Production Research, Taylor & Francis Journals, vol. 53(16), pages 5031-5069, August.
    8. Simonov Kusi-Sarpong & Himanshu Gupta & Joseph Sarkis, 2019. "A supply chain sustainability innovation framework and evaluation methodology," International Journal of Production Research, Taylor & Francis Journals, vol. 57(7), pages 1990-2008, April.
    9. Yu, Liping & Li, Huiyang & Wang, Zuogong & Duan, Yunlong, 2019. "Technology imports and self-innovation in the context of innovation quality," International Journal of Production Economics, Elsevier, vol. 214(C), pages 44-52.
    10. Afraz, Muhammad Fawad & Bhatti, Sabeen Hussain & Ferraris, Alberto & Couturier, Jerome, 2021. "The impact of supply chain innovation on competitive advantage in the construction industry: Evidence from a moderated multi-mediation model," Technological Forecasting and Social Change, Elsevier, vol. 162(C).
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. K. Katsaliaki & P. Galetsi & S. Kumar, 2022. "Supply chain disruptions and resilience: a major review and future research agenda," Annals of Operations Research, Springer, vol. 319(1), pages 965-1002, December.
    2. Dmitry Ivanov, 2022. "Viable supply chain model: integrating agility, resilience and sustainability perspectives—lessons from and thinking beyond the COVID-19 pandemic," Annals of Operations Research, Springer, vol. 319(1), pages 1411-1431, December.
    3. Afraz, Muhammad Fawad & Bhatti, Sabeen Hussain & Ferraris, Alberto & Couturier, Jerome, 2021. "The impact of supply chain innovation on competitive advantage in the construction industry: Evidence from a moderated multi-mediation model," Technological Forecasting and Social Change, Elsevier, vol. 162(C).
    4. Antonio Zavala-Alcívar & María-José Verdecho & Juan-José Alfaro-Saiz, 2020. "A Conceptual Framework to Manage Resilience and Increase Sustainability in the Supply Chain," Sustainability, MDPI, vol. 12(16), pages 1-38, August.
    5. Jaya Priyadarshini & Rajesh Kr Singh & Ruchi Mishra & Surajit Bag, 2022. "Investigating the interaction of factors for implementing additive manufacturing to build an antifragile supply chain: TISM-MICMAC approach," Operations Management Research, Springer, vol. 15(1), pages 567-588, June.
    6. Ribašauskienė, Erika & Volkov, Artiom & Morkūnas, Mangirdas & Žičkienė, Agnė & Dabkiene, Vida & Štreimikienė, Dalia & Baležentis, Tomas, 2024. "Strategies for increasing agricultural viability, resilience and sustainability amid disruptive events: An expert-based analysis of relevance," Journal of Business Research, Elsevier, vol. 170(C).
    7. SooGeun Ahn & Jeewhan Yoon & YoungJun Kim, 2018. "The innovation activities of small and medium-sized enterprises and their growth: quantile regression analysis and structural equation modeling," The Journal of Technology Transfer, Springer, vol. 43(2), pages 316-342, April.
    8. Alex Coad & Nanditha Mathew & Emanuele Pugliese, 2017. "What's good for the goose ain't good for the gander: cock-eyed counterfactuals and the performance effects of R&D," LEM Papers Series 2017/21, Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy.
    9. Lina Baranauskaitė & Daiva Jurevičienė, 2021. "Import Risks of Agricultural Products in Foreign Trade," Economies, MDPI, vol. 9(3), pages 1-15, July.
    10. D Hugh Whittaker & Benjamin Fath & Antje Fiedler, 2020. "Open to competition? Competitive density and the growth of young New Zealand ventures," Australian Journal of Management, Australian School of Business, vol. 45(2), pages 343-358, May.
    11. Guarascio, Dario & Tamagni, Federico, 2019. "Persistence of innovation and patterns of firm growth," Research Policy, Elsevier, vol. 48(6), pages 1493-1512.
    12. Efpraxia D. Zamani & Conn Smyth & Samrat Gupta & Denis Dennehy, 2023. "Artificial intelligence and big data analytics for supply chain resilience: a systematic literature review," Annals of Operations Research, Springer, vol. 327(2), pages 605-632, August.
    13. Malacina, Iryna & Teplov, Roman, 2022. "Supply chain innovation research: A bibliometric network analysis and literature review," International Journal of Production Economics, Elsevier, vol. 251(C).
    14. Hosseini, Seyedmohsen & Ivanov, Dmitry & Dolgui, Alexandre, 2019. "Review of quantitative methods for supply chain resilience analysis," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 125(C), pages 285-307.
    15. Tse, Ying Kei & Zhang, Minhao & Zeng, Wenjuan & Ma, Jie, 2021. "Perception of supply chain quality risk: Understanding the moderation role of supply market thinness," Journal of Business Research, Elsevier, vol. 122(C), pages 822-834.
    16. Cecil Ash & Uday Venkatadri & Claver Diallo & Peter Vanberkel & Ahmed Saif, 2023. "PPE Supply Optimization Under Risks of Disruption from the COVID-19 Pandemic," SN Operations Research Forum, Springer, vol. 4(2), pages 1-29, June.
    17. Shen, Bin & Xu, Xiaoyan & Chan, Hau Ling & Choi, Tsan-Ming, 2021. "Collaborative innovation in supply chain systems: Value creation and leadership structure," International Journal of Production Economics, Elsevier, vol. 235(C).
    18. Farasat A. S. Bokhari & Franco Mariuzzo & Anna Rita Bennato, 2021. "Innovation and growth in the UK pharmaceuticals: the case of product and marketing introductions," Small Business Economics, Springer, vol. 57(1), pages 603-634, June.
    19. Ghazal Rezaei & Seyed Mohammad Hassan Hosseini & Shib Sankar Sana, 2022. "Exploring the Relationship between Data Analytics Capability and Competitive Advantage: The Mediating Roles of Supply Chain Resilience and Organization Flexibility," Sustainability, MDPI, vol. 14(16), pages 1-23, August.
    20. Grillitsch, Markus & Schubert, Torben & Srholec, Martin, 2019. "Knowledge base combinations and firm growth," Research Policy, Elsevier, vol. 48(1), pages 234-247.

    More about this item

    Keywords

    Innovation; risk management; supply chain innovation; technology.;
    All these keywords.

    JEL classification:

    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D
    • D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty
    • O14 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Industrialization; Manufacturing and Service Industries; Choice of Technology
    • H54 - Public Economics - - National Government Expenditures and Related Policies - - - Infrastructures

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ers:journl:v:xxiv:y:2021:i:4b:p:479-492. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Marios Agiomavritis (email available below). General contact details of provider: https://ersj.eu/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.