The Complex Economics of Innovation - Implications for the shipping industry

Journal article, 2004

In this paper the strategic implications of innovations in the shipping industry will be analyzed. To put the innovation system and the following discussion in its context a brief introduction of the main ideas of complexity science are put forward. An interesting example of an innovation opportunity will be discussed in light of the theoretical conclusions. Finally the practical implications of these theories lead us to some suggestions useful for the strategic work in the shipping industry.