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Factors that promote innovation in shipping companies

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  • Jan Inge Jenssen
  • Trond Randøy

Abstract

This study seeks to identify factors that promote innovation in shipping companies. The study is based on an empirical investigation of 63 companies headquartered in Norway. The results imply that organizational and interorganizational variables are important to innovation. Three aspects of innovation are focused on: (1) service/product innovations, (2) market innovations, and (3) production method innovations. The explanatory variables that are applied in this study capture between 13--51% of the variability of the measures of innovation. The results indicate that an explicit strategy that promotes innovation is very important for the actual level of innovation within shipping companies. In management literature, it is often assumed that organic organizational features like decentralized decision-making promote innovation. The opposite features are assumed to restrain innovation. However, the results do not support these basic assumptions. For example, it seems to be important that managers make precise decisions in order to promote innovation.

Suggested Citation

  • Jan Inge Jenssen & Trond Randøy, 2002. "Factors that promote innovation in shipping companies," Maritime Policy & Management, Taylor & Francis Journals, vol. 29(2), pages 119-133, April.
    • Handle: RePEc:taf:marpmg:v:29:y:2002:i:2:p:119-133
    DOI: 10.1080/03088830110078346
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    Cited by:

    1. Jurrit M. Bergsma & Jeroen Pruyn & Geerten van de Kaa, 2021. "A Literature Evaluation of Systemic Challenges Affecting the European Maritime Energy Transition," Sustainability, MDPI, vol. 13(2), pages 1-17, January.
    2. Andreas A. Kouspos & Photis M. Panayides & Dimitris A. Tsouknidis, 2023. "The relationship between technical innovation and financial performance in shipping firms," Maritime Economics & Logistics, Palgrave Macmillan;International Association of Maritime Economists (IAME), vol. 25(4), pages 698-727, December.
    3. Khawar Naheed & Muhammad Sadiq Shahid & Muhammad Aamir & Badar Latif, 2018. "Impact Of Market Orientation On Firm Performance; The Mediating Role Of Innovation Strategies In Excellence Awarded Corporate Sector," IBT Journal of Business Studies (JBS), Ilma University, Faculty of Management Science, vol. 14(1), pages 129-142.
    4. Thanopoulou, Helen A., 2007. "Chapter 2 A Fleet for the 21st Century: Modern Greek Shipping," Research in Transportation Economics, Elsevier, vol. 21(1), pages 23-61, January.
    5. Khawar Naheed & Muhammad Sadiq Shahid & Muhammad Aamir & Badar Latif, 2018. "Impact Of Market Orientation On Firm Performance; The Mediating Role Of Innovation Strategies In Excellence Awarded Corporate Sector," IBT Journal of Business Studies (JBS), Ilma University, Faculty of Management Science, vol. 14(1), pages 14-11.
    6. Maciel M. Queiroz & André Bergsten Mendes, 2020. "Critical Success Factors of the Brazilian Offshore Support Vessel Industry: A Flexible Systems Approach," Global Journal of Flexible Systems Management, Springer;Global Institute of Flexible Systems Management, vol. 21(1), pages 33-48, June.

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