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Shipping Innovations: The Different Paths Of Greece And Norway

Stig Tenold, Ioannis Theotokas
Published 2013 · Economics

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The article compares innovative practices in two leading shipping nations, Greece and Norway. We also propose a framework for the understanding of innovation in shipping. Innovation in Greek and Norwegian shipping is analysed through developments at three levels. The macro level is the international context. The national context creates the meso level, defining resources available to the firms and the conditions for their operation. The micro level refers to the internal environment of the firms, the source of their strengths and weaknesses. For Greece, a strategy of market penetration and low cost leadership led to innovations exploiting their intangible assets. For Norway, the restrictive conditions prevailing at the meso level, promoted product innovation; the introduction of new ship types with advanced technological characteristics. In time, however, the two paths of innovation converged, following changes in the institutional framework.
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