Blue economy investment and sustainability of Ghana’s territorial waters: an application of structural equation modelling

Appiah, Michael Karikari; Ameko, Elikplim; Asiamah, Theodora Akweley; Duker, Rahmat Quaigrane

doi:10.1080/19397038.2023.2195422

Cited by 9 publications

(3 citation statements)

References 67 publications

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“…Appiah's research highlighted that boosting the blue economy entails increased investment to enhance organizational resources for managing fishery products, including implementing innovative processing methods and developing highquality new products (Appiah et al, 2023). The application of the RBV approach across various sectors, such as manufacturing, processing, trade, and both large-scale enterprises and SMEs, has shown that operational management impacts a company's competitive advantage (Chahal et al, 2020).…”

Section: Literature Review and Hypothesesmentioning

confidence: 99%

Enhancement of Indonesia’s blue economy sector through innovation and competitive advantage based on Resource-Based View theory

Rianawati,

Kresna Darmasetiawan,

Susilo Hadi

et al. 2024

Problems and Perspectives in Management

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Indonesia’s blue economy holds immense potential due to the marine ecosystem and maritime area, encompassing the marine fisheries sector, marine tourism, and fisheries influencing the market. Despite this significant potential, these resources have not been optimally utilized to boost economic growth. Therefore, this study aims to investigate the competitive advantage of the Blue Economy sector by enhancing the outcomes of the tourism, processing, and sales of fisheries in Indonesia through the Resource-Based View (RBV) theory. The Resource-Based View theory explains the formulation and creation of competitive advantages by utilizing tangible and intangible resources such as innovation, strategy, capability, and culture. This study employs a quantitative method through an online survey with a total of 319 respondents working in the Blue Economy sector, including fisheries, marine product sellers, and marine tourism. The analytical methodology uses Structural Equation Modeling (SEM) with SMART PLS to assess the determination of competitive advantage. The findings of this study show that capabilities, operational capabilities, response capabilities, technological capabilities, innovation culture, innovation strategy, and strategic alignment significantly influence competitive advantage. Moreover, the competitive advantage in the blue economy sector is most influenced by innovation strategy with a beta of 0.375. This suggests that enhancing innovation strategies can positively impact Indonesia’s fisheries industry, as evidenced by fisheries tourism being the largest tourism sector in Indonesia, competing with international tourism. Additionally, Indonesia’s fisheries sector is a major contributor to exports. Acknowledgment The authors would like to thank all the stakeholders, including entrepreneurs, government officials, and academics, for their willingness to provide in-depth information on maritime matters in North Sulawesi and other assistance essential for the success of this study.

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Section: Literature Review and Hypothesesmentioning

confidence: 99%

Enhancement of Indonesia’s blue economy sector through innovation and competitive advantage based on Resource-Based View theory

Rianawati,

Kresna Darmasetiawan,

Susilo Hadi

et al. 2024

Problems and Perspectives in Management

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“…Nevertheless, there exist several impediments that hinder the triumphant alignment of this abundant supply with the corresponding demand, encompassing both the individual inventors and the broader ecosystem. The UNDESA-R4D Demand-Led Innovator Support Program serves as a prime illustration of an endeavour aimed at formulating a comprehensive strategy that effectively harmonizes and equalizes the requisites of the ecosystem (demand) with the necessities of innovators (supply) (NEIP report, 2021;Appiah at al., 2023).…”

Section: Introductionmentioning

confidence: 99%

Smart Manufacturing and Pro-Environmental Behaviour: A Moderated Serial Mediation Model

Aboagye-Dapaah,

Appiah,

Dagadu

2024

Preprint

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Smart manufacturing encompasses a category of manufacturing that employs computer-integrated capabilities and technologies to enhance supply chain optimization, production efficiency, and recyclability. Yet limited studies have been conducted to optimize these prospects from the perspective of low resource countries where such innovative studies have not been adequately explored. This paper aims to examine the implications of smart manufacturing practices (Smart Procurement, Smart Supply Chain, Smart Production Planning and Control, Automation and Industrial Robot, and Supply Chain Configuration) on pro-environmental behaviour and develop a baseline moderated mediation model to explain the relationship between smart manufacturing and pro-environmental behaviour with a role of green dynamic capability, and environmental orientation. This study is anchored on quantitative research approach, deductive reasoning, and explanatory design. Cross – sectional survey data have been obtained from 382 manufacturing companies in Ghana. Our hypotheses have been tested using Structural Equation Modelling and SMART-PLS version 3.8.9. The study has revealed that smart manufacturing practices significantly and positively relate to pro-environmental behaviour. Moreover, green dynamic capability and environmental orientation moderate the relationship between smart manufacturing and pro-environmental behaviour. The implications of the study include the emergence of a baseline model to guide policymakers, practitioners, and academicians to explain the relationship between smart manufacturing and sustainable manufacturing in the context of developing countries. Again, the social implication of the study includes the realisation of decent job and economic growth, responsible consumption and production as well as actions taken to combat climate change.

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“…SMEs should be acknowledged for their potential advantages and the challenges they may encounter. Such comprehension holds significant importance not only for the enterprises themselves but also for policymakers, investors, and the wider global community (Appiah et al, 2023;Dijkstra et al, 2022).…”

Section: Introductionmentioning

confidence: 99%

Deciphering blue economy for SMEs in Malaysia: A dual approach through scoping review and stakeholder conversations

Saarani,

Alias,

Amran

et al. 2023

J. Infras. Policy. Dev.

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The expanding blue economy, marked by its focus on sustainable use of ocean resources, offers enormous opportunity for Small and Medium-sized Enterprises (SMEs). However, for SMEs to properly integrate and succeed in this economy, they must first have a thorough awareness of the sector’s challenges and prospects. This research used a scoping review and a qualitative study to identify the challenges and opportunities facing SMEs operating in the blue economy. The study discovered recurring themes and gaps in the existing literature by conducting an extensive examination of scholarly publications. The key challenges identified include complicated regulatory frameworks, restricted access to funding, infrastructure restrictions, talent deficiencies, government support, and market outreach. In-depth interviews with Malaysian SME leaders, industry stakeholders, and policymakers were conducted to decipher these findings. The results of interviews confirmed the relevance of the regulatory framework, infrastructure restrictions, talent deficit, and market access challenges in the Malaysian context. In particular, the study revealed emerging opportunities for Malaysian blue SMEs in sectors such as renewable energy, sustainable fisheries, marine biotechnology, and ecotourism. The study emphasizes the importance of an encouraging policy framework, knowledge-sharing platforms, and capacity building activities. It finishes by underlining the ability of SMEs to drive a sustainable and thriving blue economy, if challenges are systematically handled, and opportunities are appropriately capitalized.

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Blue economy investment and sustainability of Ghana’s territorial waters: an application of structural equation modelling

Cited by 9 publications

References 67 publications

Enhancement of Indonesia’s blue economy sector through innovation and competitive advantage based on Resource-Based View theory

Enhancement of Indonesia’s blue economy sector through innovation and competitive advantage based on Resource-Based View theory

Smart Manufacturing and Pro-Environmental Behaviour: A Moderated Serial Mediation Model

Deciphering blue economy for SMEs in Malaysia: A dual approach through scoping review and stakeholder conversations

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