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Revival of wind‐powered shipping: Comparing the early‐stage innovation process of an incumbent and a newcomer firm
Södertörn University, School of Natural Sciences, Technology and Environmental Studies, Environmental Science.ORCID iD: 0009-0005-9977-0949
Södertörn University, School of Social Sciences, Business Studies.ORCID iD: 0000-0003-3316-9825
University of Turku, Finland.ORCID iD: 0000-0001-7872-8219
2023 (English)In: Business Strategy and the Environment, ISSN 0964-4733, E-ISSN 1099-0836, Vol. 32, no 2, p. 958-975Article in journal (Refereed) Published
Abstract [en]

Despite the urgency of decarbonising, the shipping sector has demonstrated a slow-paced response to climate change challenges. Some frontrunner firms are engaged in sustainability-oriented innovation processes. However, there is limited knowledge of how such processes emerge and contribute to societal sustainability transitions and what the role of technology is in companies' (re)orientation towards sustainable business models. This study contributes to filling these gaps through a comparative case study of the ongoing innovation process within an incumbent and a newcomer firm developing wind-powered energy solutions for deep-sea transportation. The study's findings bear implications for theory and practice. This paper's combination of a dynamic capabilities approach and a multi-level perspective from sustainability transitions research is a conceptual novelty, enabling an understanding of the activities involved in the (re)orientation process towards sustainable business from a company's perspective, as well as broader societal and sustainability needs.

Place, publisher, year, edition, pages
John Wiley & Sons, 2023. Vol. 32, no 2, p. 958-975
Keywords [en]
dynamic capabilities; incumbents; newcomers; innovation process; multi-level perspective; shipping;
National Category
Social Sciences Interdisciplinary
Research subject
Environmental Studies
Identifiers
URN: urn:nbn:se:sh:diva-49015DOI: 10.1002/bse.3084ISI: 000791546600001Scopus ID: 2-s2.0-85128176494OAI: oai:DiVA.org:sh-49015DiVA, id: diva2:1657261
Available from: 2022-05-10 Created: 2022-05-10 Last updated: 2023-12-13Bibliographically approved

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Stalmokaitė, Larsson Segerlind and Yliskylä-Peuralahti, 2022(2610 kB)322 downloads
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Stalmokaitė, IgnėLarsson Segerlind, Tommy

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CiteExportLink to record
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  • harvard-anglia-ruskin-university
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